You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

N. Macedonia's DS Smith Skopje turns to 9-mo net profit, grows revenue

Author Mario Tanev
N. Macedonia's DS Smith Skopje turns to 9-mo net profit, grows revenue Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), November 1 (SeeNews) - North Macedonia's DS Smith Skopje, a unit of British packaging manufacturer DS Smith, said that it turned to a net profit of 23.3 million denars ($423,000/379,000 euro) in the first nine months of 2019 from a net loss of 19.5 million denars in the same period of 2018.

DS Smith Skopje's operating revenue rose by an annual 17% to 625 million denars in the January-September period of 2019, the company said in an interim financial statement earlier this week.

Domestic sales increased 9% to 397.9 million denars, while sales abroad jumped 37% to 222.7 million denars.

The company's operating expenses were 9% higher on the year at 596.9 million denars in the review period.

Elsewhere in Southeast Europe, DS Smith is present in Bosnia and Herzegovina, Bulgaria, Croatia, Romania, Serbia and Slovenia.

(1 euro = 61.46 denars)

 

Compare