N. Macedonia's Makedonski Telekom increases net profit in Q1

Makedonski Telekom's operating revenue edged up 2% on the year to nearly 3 billion denars, while operating costs were 2% higher at 2.4 billion denars in the quarter under review, the telecommunications company said in an interim financial statement filed with the Skopje bourse.

Domestic sales increased by an annual 3% to 2.9 billion denars, while sales abroad added 6% to 116.9 million denars in the January-March period.

Makedonski Telekom's shares last traded at an average price of 421 denars on April 26 on the Macedonian Stock Exchange (MSE), according to the latest available bourse data.

(1 euro = 61.62 denars)