March 27 (SeeNews) - North Macedonia's retailer Skopski Pazar [MSE:SPAZ] said on Monday it hopes to make a net profit of 108.8 million denars ($1.9 million/1.8 million euro) in 2023, higher compared with the 104.5 million denars net profit booked the previous year.
Operating revenues are projected to rise to 385.7 million denars in 2023, from 367.4 million denars last year, the company said in its 2023 financial plan filed with the Macedonian Stock Exchange (MSE).
The revenue projections are in line with the market conditions, the competition environment and the planned investments, Skopski Pazar said.
The company added that it does not expect to distribute a dividend in the following five years taking into account its debt position and liquidity needs.
Skopski Pazar owns and operates 12 greenmarkets in the country.
Its shares last traded on the MSE at an average price of 7,000 denars on May 25.
(1 euro = 61.66 denars)