March 18 (SeeNews) - North Macedonia-based textile products manufacturer Teteks [MSE:TETE] said that its consolidated net profit fell by an annual 12% to 37.7 million denars {$672,500/613,000 euro) in 2019.
Teteks's operating revenue decreased by 18% to 236.59 million denars in 2019, the company said in an annual financial statement on Tuesday.
Domestic sales fell 12% to 90.6 million denars, while sales abroad were 16% lower at 77.9 million denars.
The company's operating expenses fell 17% to 231.26 million denars in the year under review.
(1 euro = 61.5074 denars)