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N. Macedonia's Makedonski Telekom lifts 9-mo net profit 9%, ups revenue

Author Mario Tanev
N. Macedonia's Makedonski Telekom lifts 9-mo net profit 9%, ups revenue wrangler/Shutterstock.com

SKOPJE (North Macedonia), November 11 (SeeNews) - North Macedonia-based telecommunications group Makedonski Telekom [MSE:TEL] said that its net profit rose by an annual 9% to 1.4 billion denars ($25.1 million/22.7 million euro) in the first nine months of 2019.

Makedonski Telekom's operating revenue edged up 2% year-on-year to 8 billion denars in the January-September period of the year, the company said in an interim financial statement.

Domestic sales rose 3% to 7.5 billion denars, while sales abroad dropped 13% to 418 million denars.

The company's operating expenses remained unchanged at 6.4 billion denars. 

An 8% decrease in expenses for hired services, to 1.5 billion denars, was offset by a 6% rise in amortisation and depreciation costs, to 1.9 billion denars.

(1 euro = 61.56 denars)

 

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