November 1 (SeeNews) - North Macedonia-based cigarette producer Tutunski Kombinat Prilep (TKP) [MSE:TKPR] said that its net profit declined by 16% year-on-year to 3.6 million denars ($67,700/58,500 euro) in the January-September period.
Total operating revenues increased 5% on the year to 818.2 million denars, while operating costs edged down 1% to 919.8 million denars in the nine months under review, the company said in an interim financial statement on Friday.
Revenues from the domestic market jumped to 194.4 million denars in the nine months through September, compared with 79.5 million denars generated in the first nine months of 2020. Revenues from sales abroad decreased 11% to 619.6 million denars.
(1 euro = 61.56 denars)