Sales revenues of Macedonian steel mill Makstil down 14.3% y/y in Q1 2012.

By bne IntelliNews May 8, 2012
The sales revenues of leading Macedonian steel mill Makstil dropped by 14.3% on the year to MKD 1.45bn (EUR 23.5mn) in Q1, according to unconsolidated income statement published on the website of the Macedonian Stock Exchange. Revenues from the domestic market decreased by 34.5% y/y to MKD 250.2mn in Q1, and revenues from foreign markets declined by 8.4% y/y to MKD 1.2bn. On the other hand, the company reported an operating profit of MKD 17.4mn in Q1, reversing an operating loss of MKD 166.2mn a year earlier. Makstil also reported a net profit of MKD 0.2mn, reversing a net loss of MKD 32.2mn in Q1 2011. Makstil is a member of Duferco Group.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335