March 13 (SeeNews) - North Macedonia-based building materials producer Cementarnica Usje [MSE:USJE], a unit of Greek-based cement producer Titan, said that its net profit rose by an annual 21.5% to 1.27 billion denars ($23,100/20,700) in 2019.
Cementarnica Usje's operating revenue increased by 9.5% to 5.03 billion denars in 2019, the company said in an annual financial statement filed with the stock exchange in Skopje on Thursday.
Domestic sales added 8.2% to 3.15 billion denars, while sales abroad were 8.7% higher at 1.64 billion denars.
Operating expenses edged up 4.4% to 3.62 billion denars.
Cementarnica Usje employs more than 300 people in the country.
The company's shares traded at an average price of 23,599 denars on Thursday.
(1 euro = 61.4870 denars)