March 17 (SeeNews) - North Macedonia-based flour milling and baked goods company Zito Polog [MSE:ZPOG] said that its non-consolidated net profit dropped 66% year-on-year to 12.8 million denars ($247,600/207,900 euro) in 2020.
The company's total operating revenue fell 21% to 305.2 million denars in 2020, Zito Polog said in an annual financial statement filed with the Skopje bourse earlier this week.
Revenue from domestic sales came in at 280.4 million denars last year, down 17% compared with 2019. Sales abroad decreased by 31% to 10.6 million denars.
Total operating expenses were down 15% year-on-year at 296.9 million denars in 2020.
The company's shares last traded on the MSE on December 30 at an average price of 2,317 denars.
(1 euro = 61.57 denars)