November 11 (SeeNews) - North Macedonia-based fuel storage and transport company Oilco KDA [MSE:OILK] said that its net profit more than doubled to 84.2 million denars ($1.5 million/1.4 million euro) in the first nine months of 2019 from 41.6 million denars the year before.
Oilco KDA's operating revenue grew 19% to 344.5 million denars in the January-September period of 2019, the company said in an interim financial statement.
Domestic sales rose 20% to 321.1 million denars, while sales abroad were 32% higher at 22.6 million denars.
The company's operating expenses added 6% to 287.3 million denars, as personnel expenses increased 15% to 95.8 million denars.
Oilco KDA is a unit of local fuel retailer Makpetrol [MSE:MPT].
(1 euro = 61.55 denars)