SKOPJE (North Macedonia), February 26 (SeeNews) - North Macedonia-based telecommunications company Makedonski Telekom [MSE:TEL] said that its net profit grew by an annual 6% to 1.5 billion denars ($26.5 million/24.3 million euro) in 2019 on the back of higher revenue.
Makedonski Telekom posted a 4% rise in its 2019 revenue to 10.95 billion denars, the company said in an annual financial statement.
Domestic sales added 5% to 10.3 billion denars, while sales abroad fell 12% to 555.6 million denars.
The company's operating expenses increased 3% to 9.21 billion denars, as amortisation and depreciation costs rose 9% to 2.74 billion denars.
(1 euro = 61.61 denars)