N. Macedonia's Makstil sees Q1 net profit rise 60% y/y

Total operating revenue in the first quarter was 18% lower on an annual comparison basis, at 2.1 billion denars, Makstil said in an interim financial statement filed with the Skopje bourse on Monday.

However, total operating expenses fell 16% year-on-year to 1.6 billion denars in the first quarter.

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.

Makstil's shares last traded at an average price of 132 denars on April 25 on the Macedonian Stock Exchange (MSE), according to the most recent bourse data available.

(1 euro = 61.54 denars)