May 15 (SeeNews) - North Macedonia's oil refinery Okta [MSE:OKTA] said on Friday it has turned to a net loss of 292.66 million denars ($5.14 million/4.74 million euro) in the first quarter of 2020 from a net profit of 23.7 million denars in the same period of last year.
Revenues from domestic market sales fell 14% year-on-year to nearly 4 billion denars, while sales abroad dropped 4% to 968.9 million denars, the company said in an interim financial statement filed with the Skopje bourse.
Okta's impairment and other operating costs surged to 37.2 million in the review period, compared with 2.65 million denars recorded in the first quarter of 2019.
Okta, a member of the Hellenic Petroleum Group, owns crude oil refining facilities with nameplate capacity of 2.5 million metric tonnes and storage facilities with a total capacity of 350 million liters.
The company's shares traded at an average price of 4,025.87 denars on the Macedonian Stock Exchange on Friday.
(1 euro = 61.79 denars)
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