March 26 (SeeNews) - North Macedonian confectionery maker Evropa [MSE:EVRO] said on Tuesday that its consolidated net profit soared 111% to 106.3 million denars ($2.0 million/1.7 million euro) in 2018.
The company's operating revenue rose 12% to 806.6 million denars last year, Evropa said in an unaudited financial statement.
Domestic sales revenue grew 29% to 374.1 million denars, while sales abroad edged up 1% to 423.9 million denars.
Operating expenses increased 4% to 680.6 million denars, despite an 8% drop in expenses for materials to 353.7 million denars.
Evropa, established in 1882, produces around 5,000 tons of candy per year.
(1 euro = 61.54 denars)