December 19 (SeeNews) - North Macedonia-based textile products manufacturer Teteks [MSE:TETE] said it took a revolving mortgage loan worth 950 million denars ($16.4 million/15.4 million euro) from local lender TTK Banka.
The loan should be repaid within ten years, Teteks said in a bourse filing on Friday.
Teteks' total operating revenue came in at 44.1 million denars in the January-September period, down 30% on an annual comparison basis, according to the company's latest financial statement.
Its shares last traded on the MSE on December 14, at an average price of 2,500 denars.
(1 euro = 61.58 denars)