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N. Macedonia's Fersped posts 54% drop in H1 cons net profit

Author Mario Tanev
N. Macedonia's Fersped posts 54% drop in H1 cons net profit Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), September 12 (SeeNews) - North Macedonia-based forwarding company Fersped [MSE:FERS] said that its consolidated net profit plunged 54% to 28.7 million denars ($512,000/465,000 euro) in the first half of 2019 due to a rise in expenses.

Fersped's operating expenses amounted to some 1.84 billion denars in the first six months of 2019, up by an annual 5%, the company said in an interim financial statement.

The rise was mostly due to a 10% hike in expenses for hired services, to 1.27 billion denars.

The company's operating revenue remained unchanged year-on-year at 1.88 billion denars.

Fersped was established in 1968 and privatised in 1995.

(1 euro = 61.72 denars)

 

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