N. Macedonia's Tikves grows 9-mo non-cons net profit 13%

Tikves' sales grew 9% year-on-year to 1.14 billion denars in the January-September period of 2019, the company said in an interim financial statement.

Domestic sales increased 12% to 672.4 million denars, while sales abroad were 4% higher at 465.5 million denars.

Cost of goods sold added 6% to 734.2 million denars in the review period.

Tikves' administrative costs rose 30% to 62.2 million denars, while sales and marketing costs jumped 37% to 117.3 million denars.

(1 euro = 61.55 denars)