March 21 (SeeNews) - North Macedonia-based textile products manufacturer Teteks [MSE:TETE] said on Tuesday that its net profit rose 12% year-on-year in 2022, reaching 90.2 million denars ($1.6 million/1.5 million euro), as revenue soared.
Teteks' operating revenue went up 84% on the year to 177.6 million denars, whereas operating expenses increased 46% to 84.8 million denars in 2022, the company said in a bourse filing.
Domestic sales added 5% to 48.6 million denars, while sales abroad edged up 1% year-on-year to 2.4 million denars in 2022.
Teteks' shares last traded on the Macedonian Stock Exchange (MSE) on March 10, at an average price of 2,700 denars.
(1 euro = 61.79 denars)