You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

N. Macedonia's Sava Osiguruvanje posts slight rise in 2018 cons net profit

Author Mario Tanev
N. Macedonia's Sava Osiguruvanje posts slight rise in 2018 cons net profit Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), April 16 (SeeNews) - North Macedonian insurance company Sava Osiguruvanje said that its consolidated net profit rose to 25.9 million denars ($476,000/421,000 euro) in 2018 from 24.5 million denars in 2017.

The company's total operating revenue edged down to 753.3 million denars last year from 755.8 million denars in 2017, Sava Osiguruvanje said in an annual financial statement.

Net premiums increased to 702.2 million denars in 2018 from 692 million denars the year before.

Total operating expenses declined to 723.9 million denars last year from 728.4 million denars in 2017.

Sava Osiguruvanje is a subsidiary of Slovenian group Sava Re [LJE:POSR].

(1 euro = 61.50 denars)

 

Compare