August 5 (SeeNews) - North Macedonia's steel mill Makstil [MSE:STIL] said that its net profit soared to 242.7 million denars ($4.7 million/3.9 million euro) in the first half of 2021, from 41 million denars profit booked in the same period of last year.
Total operating revenue was 34% higher year-on-year at nearly 3 billion denars in the first six months of 2021, Makstil said in an interim financial statement filed with the Skopje bourse last week.
Total operating expenses grew 60% on the year to 2.7 billion denars in the first half of 2021, as the cost of consumed materials rose to 1.9 billion denars from 993.9 million denars in the like period of 2020.
Makstil produces hot rolled heavy plates. Its main shareholder is Liechtenstein-based Duferco Group, which operates in steel production and distribution, energy trading, shipping and logistics, and engineering.
(1 euro = 61.64 denars)