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North Macedonia: EDS cuts net loss in 2023

Macedonian electricity trader and supplier, Energy Delivery Solutions (EDS), recorded a net loss decline to 20.1 million denars (326,811 euros) in 2023, compared to a minus of 645 million denars a year earlier, EDS said in a filing with the Macedonian Stock Exchange (MSE).

In the same period, operating revenue decreased by 32.8% to 4.899 billion dinars while operating expenses dropped 37.9% to 4.907 billion dinars.

EDS Group provides electricity to large industries and businesses. Its customer portfolio includes 40% of corporations with more than 50 employees, with a total capacity of 320 MW.

Greece’s Public Power Corporation (PPC) acquired EDS in 2018.

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