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N. Macedonia's Evropa boosts 9-mo non-cons net profit

Nov 5, 2020, 12:00:00 AMArticle by Dragana Petrushevska
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November 5 (SeeNews) - North Macedonia's confectionery producer Evropa [MSE:EVRO] said that its non-consolidated net profit surged 80% year-on-year to 63.2 million denars ($1.2 million/1 million euro) in the first nine months of 2020.

N. Macedonia's Evropa boosts 9-mo non-cons net profit
Author: Evropa. Licence: All Rights Reserved.

Evropa's operating revenue rose by 8% on the year to 567.4 million denars in the period under review, the company said in an interim financial statement last week.

Domestic sales increased by 5.8% to 233.1 million denars, while sales abroad rose by 10% to 332.9 million denars.

The company's operating expenses rose by an annual 8% to 528.7 million denars in the first nine months of 2020, as expenses for materials increased by 16% to 295.9 million denars.

Evropa produces chocolates, wafers and candy. The company has 12 confectionery stores across the country.

(1 euro = 61.80 denars)

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