March 14 (SeeNews) - North Macedonian fuel storage and transport company Oilco KDA [MSE:OILK] said on Thursday that its net profit rose by an annual 11% to 52 million denars ($955,000/846,000 euro) in 2018.
The company's operating revenue increased 9% to 404.2 million denars last year, Oilco KDA said in a financial statement.
Domestic sales grew 9% to 375 million denars, while sales abroad added 10% to 25.3 million denars.
Operating expenses amounted to 374.1 million denars, up 7% on the year.
Oilco KDA has a fuel depot in the village Miladinovci near Skopje. The company transports petrol, diesel and heavy fuel oil, as well as compressed natural gas and liquid petroleum gas.
Oilco KDA's biggest shareholder is Macedonian fuel retailer Makpetrol [MSE:MPT].