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N. Macedonia's Fabrika Karpos grows 9-mo net profit, revenue

Nov 21, 2019, 3:23:57 PMArticle by Mario Tanev
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November 21 (SeeNews) - North Macedonia-based concrete and concrete elements producer Fabrika Karpos [MSE:KPSS] said that its net profit rose to 2.2 million denars ($40,000/36,000 euro) in the first nine months of the year from 1.2 million denars in the same period of 2018.

N. Macedonia's Fabrika Karpos grows 9-mo net profit, revenue
wrangler/Shutterstock.com

Fabrika Karpos' sales revenue rose by an annual 31% to 441.3 million denars in the January-September period of 2019, the company said in an interim financial statement.

Cost of goods sold grew 33% to 319 million denars in the review period, leaving the company with a 27% rise in gross profit, to 122.2 million denars.

Administrative costs added 31% to 79.8 million denars. Sales and marketing costs were also 31% higher, at 22 million denars.

(1 euro = 61.57 denars)

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