N. Macedonia's Teteks boosts 9-mo net profit on lower expenses

Teteks lowered its operating expenses by 18% year-on-year to 162.2 million denars in the first nine months of the year, the company said in an interim financial statement earlier this week.

The company's operating revenue decreased by 20% to 167.2 million denars in the review period.

Domestic sales fell 15% to 55.9 million denars, while sales abroad were 9% lower at 65.4 million denars.

(1 euro = 61.45 denars)