December 6 (SeeNews) - North Macedonia-based food company Vitaminka [MSE:VITA] said that it expects to generate revenue of 52.4 million euro ($58.7 million) in 2020, of which 60% on the domestic market.
If the company manages to meet its revenue expectations, its net profit could rise by between 5% and 10%, Vitaminka said in a bourse filing last week.
The food company's main goal in 2020 will be to expand its market position domestically and in the Balkans region.
Vitaminka also plans to continue with its investments in the introduction of new production lines and the modernisation of existing facilities, it said.
In the first nine months of last year, Vitaminka booked revenue of 1.76 billion denars and a net profit of 9.6 million denars.
Vitaminka specialises in the production of chocolate confectionery and crisp snacks.
($ = 0.8927 euro)