N. Macedonia's Oilco KDA doubles 9-mo net profit on revenue rise

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)