April 2 (SeeNews) - North Macedonia's forwarding company Fersped [MSE:FERS] said that its consolidated net profit swelled 558% year-on-year to 28.27 million denars ($502,461/460,431 euro) in 2019.
Fersped's operating revenue increased 6.4% to 4.09 billion denars, the company said in 2019 annual financial statement filed with the Skopje bourse on Wednesday.
Domestic sales added 6.96% to 3.74 billion denars, while sales abroad rose 0.4% to 315.27 million denars.
The company's operating expenses rose 2% to 3.9 billion denars in 2019, as expenses for hired services grew 13.6% to 2.73 billion denars.
Fersped was established in 1968 as a state-owned company and was privatised in 1995.
(1 euro = 61.3990 denars)