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Macedonian cigarette maker TKP Q1 cons net loss narrows


30.7.2012 11:36:00 | Author/Source www.seenews.com

Macedonia's largest cigarette maker, Tutunski Kombinat Prilep [MSE:TKPR], said its consolidated net loss narrowed to 86.4 million denars ($1.7 million/1.4 million euro) in the first quarter of the year from 107.3 million denars a year earlier.

The company’s operating income fell by 39% on the year to 383.1 million denars in the first quarter, while operating costs decreased to 459.6 million denars from 725.0 million denars, TKP said in a consolidated financial statement filed with the Macedonian Stock Exchange on Friday.


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