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N. Macedonia's ZK Pelagonija lowers net profit in H1

N. Macedonia's ZK Pelagonija lowers net profit in H1 Source; EBRD

SKOPJE (N. Macedonia), August 16 (SeeNews) - North Macedonia-based farming company ZK Pelagonija [MSE:ZPKO] said on Tuesday that its net profit fell to 52.8 million denars ($869,900/858,500 euro) in the first half of 2022, from 232.4 million denars in the like period of 2021.

ZK Pelagonija's total operating revenue fell 39% year-on-year to 662.4 million denars in the first six months of 2022, the company said in a financial statement filed with the Skopje bourse.

Domestic sales dropped 12% to 560 million denars in the six months through June, whereas sales from abroad rose 23% to 14.4 million denars.

The company's operating expenses fell 14% to 836 million denars in the six months under review.

(1 euro = 61.60 denars)

 
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