May 11 (SeeNews) - North Macedonia's brewer and soft drinks producer Prilepska Pivarnica [MSE:PPIV] turned a net profit of 5.6 million denars ($110,400/90,800 euro) in the first quarter, after booking a net loss of 9.7 million denars in the same period last year.
Prilepska Pivarnica's operating revenue decreased by an annual 7.9% to 274.5 million denars in the first quarter of 2021, while operating costs dropped by 14.3% to 289.8 million denars, the company said in an interim financial statement filed with the Skopje bourse last week.
The company saw its first-quarter domestic sales revenue decline 7.8% on the year to 268.9 million denars in the quarter under review. Sales revenue from foreign markets fell 57.5% to 1.9 million denars.
Cost of goods sold dropped by 31.2% year-on-year to 48.1 million denars, while expenses for consumed materials fell to 117.7 million denars in the first quarter of 2021, down 11.8% 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 = 61.66 denars)