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N. Macedonia
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Fortenova sells agri unit to Podravka for 333 mln euro
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N. Macedonia's Oilko KDA posts 39% rise in net profit in 2023

Mar 1, 2024, 3:43:43 PMArticle by Dragana Petrushevska
share
March 1 (SeeNews) - North Macedonia's oil products transport company Oilko KDA [MSE:OILK] said that its net profit went up 39% year-on-year to 238.3 million denars ($4.2 million/3.9 million euro) in 2023.

N. Macedonia's Oilko KDA posts 39% rise in net profit in 2023
Author: Oilco / All rights reserved.

Total operating revenue gained 17% on the year, reaching 678.2 million denars in 2023, whereas operating costs rose 9% to 516.3 million denars, the company said in an annual financial statement on Thursday.

Domestic sales grew 20% to 645.8 million denars, while sales abroad dropped 41% to 23.7 million denars.

Oilko KDA's shares have not traded on the Macedonian Stock Exchange (MSE) in the past year.

(1 euro = 61.60 denars)

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