April 7 (SeeNews) - North Macedonia's farming company ZK Pelagonija [MSE:ZPKO] expects its net profit to increase by 12.5% year-on-year in 2021, reaching 29.5 million denars ($568,100/477,800 euro).
ZK Pelagonija's total operating revenue is forecast to grow 14.6% to 1.3 billion denars, with sales revenue to reach 1.1 billion denars, up 27.5% in annual terms, the company said it its 2021 business plan filed with the Skopje bourse last week.
The company hopes to boost its domestic sales by 27.1% to 929.8 million denars and increase the revenue from sales abroad by 30% to 164.1 million denars.
Total operating expenses are projected to fall by 18.5% to 1 billion denars.
ZK Pelagonija's shares last traded on the bourse in Skopje on March 26, at an average price of 4,044 denars.
The company's net profit soared to 26.3 million denars in 2020, from just 2.1 million denars booked in the previous year.
(1 euro = 61.74 denars)