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.

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