You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

N. Macedonia's oil refinery Okta doubles net profit in H1

N. Macedonia's oil refinery Okta doubles net profit in H1 The Okta oil refinery. Author: Hellenic Petroleum. License: All rights reserved.

SKOPJE (N. Macedonia), August 1 (SeeNews) - North Macedonia's oil refinery Okta [MSE:OKTA] reported a non-consolidated net profit of 762.3 million denars ($12.7 million/12.3 million euro) for the first half of 2022, compared with a profit of 378.2 million denars in the same period of last year.

Revenues from domestic sales rose 1% year-on-year in the first six months of 2022 to 20.2 billion denars, while sales abroad increasd 25% to 7.5 billion denars, the company said in an interim financial statement filed with the Skopje bourse last week.

The cost of goods sold rose 7% year-on-year to 26.6 billion denars in the six months through June.

Okta's impairment and other operating costs decreased to 30.1 million denars in the review period, compared with 208.1 million denars recorded in the first half of 2021.

Okta, a member of the Hellenic Petroleum Group, owns crude oil refining facilities with a nameplate capacity of 2.5 million metric tonnes and storage facilities with a total capacity of 350 million litres.

(1 euro = 61.68 denars)