November 11 (SeeNews) - North Macedonia's brewer and soft drinks producer Prilepska Pivarnica [MSE:PPIV] said that its net profit surged to 145.4 million denars ($2.8 million/2.4 million euro) in the first nine months of 2020, compared with a 40.2 million denars profit booked in the same period last year.
Prilepska Pivarnica's operating revenue fell by an annual 13% to 1.3 billion denars in January-September 2020, the company said in an interim financial statement filed with the Skopje bourse last week.
The company's operating expenses decreased by 21% on the year to 1.2 billion denars.
Cost of goods sold dropped by 35% year-on-year to 225.3 million denars, while expenses for consumed materials fell to 501.1 million denars in the January-September period, down 10% on an annual comparison basis.
Prilepska Pivarnica was founded in 1924. It produces beer under the trademarks Zlaten Dab and Krali Marko and holds the licences for distributing Tuborg and Carlsberg brands in North Macedonia. It also produces carbonated non-alcoholic drinks, fruit nectar soft drinks and bottles the products of Pepsi Cola International.
(1 euro = 61.36 denars)