April 29 (SeeNews) - North Macedonia's oil products transport company Oilko KDA [MSE:OILK] said on Friday that its net profit rose 2% on the year to 7.4 million denars ($126,600 million/120,000 euro) in the first quarter of 2022.
Total operating revenues increased 23% year-on-year to 117.8 million denars, as sales went up both at home and abroad, the company said in an interim financial statement.
Domestic sales added 24% to 109 million denars, while sales abroad were up 30% at 8.7 million denars in the January-March period.
Operating expenses increased 25% to 109.4 million denars, as cost of materials jumped 73% to 37.8 million denars.
(1 euro = 61.63 denars)