Macedonia, Makpetrol posted non-consolidated net profit of 19.5 million euros in the first nine months of 2021

, SEE Energy News

Macedonian fuel retail company Makpetrol posted non-consolidated net profit of 19.5 million euros in the first nine months of 2021, compared to 3.75 million euros net profit in the same period last year .

The company’s operating revenues increased by 30 % to 263 million euros in the first nine months of the year, while operating expenses also rose by 22 %, reaching 242 million euros in the same period. Domestic sales rose by 22 % to 238.6 million euros, while sales on the foreign markets increased by 90 % to 8.1 million euros.

Makpetrol recorded a net profit in the amount of 5.7 million euros in 2020, compared to a net profit of 12.9 million euros recorded the previous year. The company’s operating revenues decreased by 27 % to 272.6 million euros in 2020, while operating expenses also fell by 25 % year-on- year, reaching over 267.8 million euros.