Sales revenues of Macedonian steel mill Makstil down 24.1% in 2012.

By bne IntelliNews February 28, 2013
The sales revenues of leading Macedonian steel mill Makstil dropped by 24.1% to MKD 5.18bn (EUR 84.2mn) last year, according to unconsolidated financial statements published on the website of the Macedonian Stock Exchange. Revenues from the domestic market decreased by 7.4% to MKD 1.14bn in 2012, and revenues from foreign markets contracted by 27.8% to MKD 4.04bn. Nevertheless, the company managed to achieve an operating profit of MKD 52.5mn last year, reversing an operating loss of MKD 75.9mn in 2011. Makstils net profit declined by 30.6% to MKD 4.3mn in 2012. At end-2012, the companys total assets stood at MKD 5.65bn (down 6%), and the equity amounted to MKD 1.17bn (up 0.4%). 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, build.mk 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
Dismiss