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N. Macedonia's Automakedonija grows Q1 non-cons net profit, revenue

Author Mario Tanev
N. Macedonia's Automakedonija grows Q1 non-cons net profit, revenue wrangler/Shutterstock.com

SKOPJE (North Macedonia), May 16 (SeeNews) - North Macedonian car dealer Automakedonija said on Thursday that its non-consolidated net profit rose by an annual 33% to 5.1 million denars ($93,000/83,000 euro) in the first quarter of 2019.

The company's total operating revenue grew 13% on the year to 112.2 million denars in the first three months of the year, the company said in a bourse filing.

Operating expenses increased 12% to 110.6 million denars, as cost of goods sold added 16% to 79.5 million denars.

Financial revenue fell 4% to 4.8 million denars, while financial expenses dropped 20% to 982,000 denars.

Founded in 1946, Automakedonija is active in maintenance and servicing of various types and brands of motor vehicles.

(1 euro = 61.67 denars)

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