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N. Macedonia's Tondach posts slight rise in 2018 net profit, grows revenue

Author Mario Tanev
N. Macedonia's Tondach posts slight rise in 2018 net profit, grows revenue Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), April 18 (SeeNews) - North Macedonian ceramic tiles maker Tondach-Makedonija, part of Austrian bricks and tiles manufacturer Wienerberger, said that its net profit rose to 172.7 million denars ($3.2 million/2.8 million euro) in 2018 from 169.3 million denars the year before.

The company's operating revenue increased to 607.1 million denars last year from 563 million denars in 2017, Tondach-Makedonija said in an annual financial statement.

Operating expenses edged up to 189.6 million denars in 2018 from 186.6 million denars a year earlier.

Tondach-Makedonija's assets grew to 632.6 million denars at the end of 2018 from 620.5 million denars at the end of 2017.

(1 euro = 61.50 denars)

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