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N. Macedonia's Evropa lowers H1 non-cons net profit 61%

Author Mario Tanev
N. Macedonia's Evropa lowers H1 non-cons net profit 61% Author: Evropa. Licence: All Rights Reserved.

SKOPJE (North Macedonia), August 21 (SeeNews) - North Macedonia-based confectionery maker Evropa [MSE:EVRO] said that its non-consolidated net profit plunged by an annual 61% to 26.1 million denars ($471,000/424,000 euro) in the first half of 2019.

Evropa's operating revenue fell 8% year-on-year to 333 million denars in the January-June period of 2019, the company said in an interim financial statement last week.

Domestic sales dropped 11% to 147.1 million denars, while sales abroad were 4% lower at 184.1 million denars.

The company's operating expenses rose 9% on the year to 318.7 million denars in the review period, lifted by higher expenses for materials and hired services.

Evropa produces chocolates, wafers and candy and owns 10 confectionery stores in Macedonia, six of them in Skopje.

(1 euro = 61.53 denars)