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N. Macedonia's Granit sees net profit rise in 2019

N. Macedonia's Granit sees net profit rise in 2019 Author: Granit. Licence: All rights reserved.

SKOPJE (North Macedonia), March 25 (SeeNews) - North Macedonia's construction company Granit [MSE:GRNT] said that its non-consolidated net profit rose 22.8% year-on-year in 2019, reaching 191.32 million denars ($3.35 million/3.09 million euro).

Granit's operating revenue surged 35.9% to 5.34 billion denars , the company said in an annual financial statement filed with the Skopje bourse on Tuesday.

Domestic sales rose 45.9% to 4.98 billion denars, while sales abroad plunged 90.5% to 11.92 million denars.

The company's operating expenses increased by 35.7% to 5.21 billion denars, as expenses for hired services rose 75% to 2.38 billion denars.

Skopje-based Granit was established in 1952 and privatised in 1996. Its main activities include construction and rehabilitation of roads. The company owns several concrete and asphalt plants and stone quarries. 

(1 euro = 61.7864 denars)