March 13 (SeeNews) - North Macedonia's Oilko KDA Skopje [MSE:OILK], which is active in transport and distribution of oil products, said that its net profit rose to 109.53 million denars ($1.98 million/1.78 million euro) in 2019, from 52 million denars in the previous year.
Operating revenues increased by 20.7% year-on-year to 487.8 million denars, as sales rose both abroad and at home, the company said in its 2019 annual financial statement on Thursday.
Domestic sales added 20.7% to 452.34 million denars, while sales abroad rose 24.9% to 31.55 million denars.
Operating expenses were up 7.6% to 402.4 million denars, as cost of materials increased by 5.2% to 130.2 million denars.
The company's shares last traded on the stock exchange in Skopje on December 4 at an average price of 6,000 denars.
(1 euro = 61.4886 denars)