N. Macedonia's Liberty net loss narrows in 2023

The company's operating revenues decreased 33% to 5.9 billion denars in 2023, whereas its operating costs fell 35% to 6.3 billion denars, it said in an annual financial statement.

Domestic sales lost 23% year-on-year, standing at 1.1 billion denars at the end of 2023, while sales abroad fell 32% to 4.8 billion denars.

Liberty produces cold-rolled coils and sheets, galvanized and pre-painted coils, mainly for the general industry segment on the regional market. Liberty House Group acquired the Skopje-based company from Luxembourg-based steel producer ArcelorMittal in July 2019.

The company's shares last traded on the Macedonian Stock Exchange (MSE) on July 13, when they switched hands at an average price of 46 denars.

(1 euro = 61.62 euro)