April 9 (SeeNews) - North Macedonian forwarding company Fersped [MSE:FERS] said that it expects its operating profit to grow by an annual 8.8% in 2019.
Fersped expects operating revenue to rise 5.5% this year, which operating expenses are seen growing 5.4%, the company said in a bourse filing.
The company also plans to invest 54.6 million denars ($1 million/888,000 euro) in capacity expansion in 2019, it said.
Fersped's non-consolidated net profit soared 71% to 84.3 million denars in 2019.
Fersped was established in 1968 and privatised in 1995.
(1 euro = 61.52 denars)