You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

N. Macedonia's Mlekara grows 2018 net profit, revenue

Author Mario Tanev
N. Macedonia's Mlekara grows 2018 net profit, revenue Photo: Mlekara / All rights reserved.

SKOPJE (North Macedonia), March 12 (SeeNews) - North Macedonian dairy products maker Mlekara said on Tuesday that its net profit rose to 136.4 million denars ($2.5 million/2.2 million euro) in 2018 from 94.6 million denars the year before.

The company's sales revenue grew to 2.12 billion denars last year from 2.07 billion denars in 2017, figures from the company's audited financial statement showed.

Other revenue increased to 18.4 million denars from 15.7 million denars a year earlier.

Mlekara, which operates under the Bimilk brand, is among the largest producers of milk and dairy products in North Macedonia.

The company is majority owned by Serbia's Imlek, which held a 74.6% stake at the end of 2018. The other major shareholder in Mlekara is Dutch-based CEE Investments, with a stake of 24.4%.

(1 euro = 61.52 denars)