N. Macedonia’s Tikves reports rise in 9-mo net profit, revenue

The company's sales revenue grew 45% year-on-year to 1.8 billion denars in the first nine months of 2022, Tikves said in a financial statement filed with the Skopje bourse on Tuesday.

Domestic sales rose 19% in the nine months through September to 793.3 million denars, whereas sales abroad grew 73% to 1 billion denars.

The company's cost of consumed materials and other supplies increased 74% year on year in the period under review, reaching 1 billion denars.

Tikves’ shares last traded on the Skopje bourse on Tuesday, at an average price of 5,190 denars.

(1 euro = 61.60 denars)