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N Macedonia s Makedonski Telekom proposes higher dividend for 2020
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N. Macedonia s Makedonski Telekom posts steep rise in net profit in Q1 Romania
SKOPJE (North Macedonia), May 10 (SeeNews) - North Macedonia s Makedonski Telekom [MSE:TEL] said that its net profit rose by an annual 49% to 466.4 million denars ($9.2 million/7.5 million euro) in the first quarter due to higher revenue and lower expenses.
Makedonski Telekom s operating revenue increased by 2.5% year-on-year to 2.7 billion denars in the first three months of 2021, the telecommunications company said in an interim financial statement filed with the Skopje bourse last week.
Domestic sales increased by 3.7% to 2.6 billion denars, while sales abroad fell 24.7% to 81.9 million denars.
The company s total operating expenses totalled 2.2 billion denars in the January-March period, down 3% on an annual comparison basis.
Skopje bourse s blue-chip index edges down in trading week ended Mar 26
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Skopje bourse s blue-chip index down 1.2% in trading week ended Mar 5 Source: Pixabay
SKOPJE (North Macedonia), March 5 (SeeNews) - The blue-chip MBI-10 index of the stock exchange in Skopje closed at 4,948.52 points on Friday, 1.2% down compared with its closing value of 5,006.57 on February 26, bourse data showed.
Turnover on the official market of the Macedonian Stock Exchange (MSE) declined to 136 million denars ($2.6 million/2.2 million euro) this week from 484.44 million denars last week.
Komercijalna Banka [MSE:KMB] contributed the largest single portion of the trading turnover on the MSE this week, of 58.7 million denars, as 7,538 of the lender s shares changed hands in a total of 184 transactions.
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The former Yugoslav Republic of Macedonia was renamed as the Republic of North Macedonia in February 2019.
The country has been a European Union (EU) candidate since 2005. As part of the EU pre-accession process, North Macedonia has built closer economic ties with the Union which accounts for 60% of Macedonia’s exports and about half of its imports. Closer regulatory and administrative ties with European Commission (EC) institutions have done much to develop the telecom sector and prepare the market for the competitive environment encouraged in the EU.
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