November 2 (SeeNews) - North Macedonia's wine producer Tikves [MSE:TKVS] said that its net profit increased 5% on the year in the first nine months of 2022, to 63 million denars ($1million/1 million euro).
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)