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N. Macedonia's Sileks widens 9-mo cons net loss, grows expenses

Author Mario Tanev
N. Macedonia's Sileks widens 9-mo cons net loss, grows expenses wrangler/Shutterstock.com

SKOPJE (North Macedonia), November 27 (SeeNews) - North Macedonia-based minerals mining company Sileks [MSE:SIL] said on Wednesday that its consolidated net loss widened to 19.1 million denars ($342,000/311,000 euro) in the first nine months of the year from 16 million denars in the same period of 2018.

Sileks' operating revenue grew 13% year-on-year to 454.5 million denars in the January-September period of 2019, the company said in an interim financial statement.

Domestic sales fell 12.1% to 156.8 million denars, while sales revenue abroad rose 13% to 201.7 million denars. Other operating revenue more than doubled to 95.5 million denars from 42.3 million denars the year before.

The company's total operating expenses increased 13% to 470.2 million denars in the review period.

(1 euro = 61.51 denars)

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