March 18 (SeeNews) - North Macedonian baked goods producer Zito Luks [MSE:ZILU] said that its net profit grew to 5.8 million denars ($107,000/94,000 euro) in 2018 from 1.2 million denars the year before.
The company's sales revenue edged down 1% to 1.11 billion denars in 2018, Zito Luks said in an unaudited financial statement on Friday.
Domestic sales dropped 1% to 1.07 billion denars, while sales abroad fell 10% to 41.8 million denars.
Cost of goods sold added 5% to 780.6 million denars, while sales and marketing costs lost 2% to 250.8 million denars.
Financial revenue declined 68% to 1 million denars, while financial expenses shedded 30% to 23.3 million denars.
Zito Luks is part of international grain group Elbisco SA Greece.
Zito Luks operates a mill with 50,000 tonnes capacity and five bread production lines.
(1 euro = 61.52 denars)