November 2 (SeeNews) - North Macedonia's baked goods producer Zito Luks [MSE:ZILU] said it closed the first nine months of 2022 with a net loss of 31.7 million denars ($508,936/513,943 euro), compared with a net loss of 5.4 million denars a year earlier.
Sales revenues rose 20% on the year to 883.3 million denars in the nine months through September, Zito Luks said in an interim financial statement on Monday.
Domestic sales increased by 19% to 835.6 million denars, while sales abroad rose 41% to 47.7 million denars.
Cost of goods sold rose 29% on the year in the period under review, to 689.6 million denars.
Zito Luks, part of international grain group Elbisco SA Greece, operates a flour mill with 50,000 tonnes capacity and five bread production lines.
(1 euro = 61.66 denars)