October 20, 2017 7:02 AM ET


Company Overview of Vinarska Vizba Tikves AD Skopje

Company Overview

Vinarska Vizba Tikves AD produces and markets wine. It owns and operates vineyards. The company provides still wines, sparkling wines, and spirits. Vinarska Vizba Tikves AD was founded in 1885 and is based in Skopje, Macedonia.

29 Noemvri 5

Kavadarci,  1430


Founded in 1998


389 43 414 024


389 43 415 451

Key Executives for Vinarska Vizba Tikves AD Skopje

Director General
Compensation as of Fiscal Year 2017.

Vinarska Vizba Tikves AD Skopje Key Developments

Tikves Reports Non-Consolidated Earnings Results for the Year 2016

Tikves reported non-consolidated earnings results for the year 2016. For the year, the company’s non-consolidated net profit rose to MKD 84.6 million ($1.46 million/EUR 1.38 million) last year from MKD 37.4 million in 2015 on the back of higher sales. The company's total sales revenues grew 9% to MKD 1.3 billion in 2016, with MKD 784 million coming from domestic sales.

Tikves Announces Consolidated Earnings Results for the First Half of 2016

Tikves announced earnings results for the first half of 2016. For the first quarter, the company reported consolidated net profit rose 22% year-on-year to MKD 17.2 million on the back of higher sales. The company's operating profit grew by an annual 8% to MKD 56.6 million. Its sales revenues rose 9% on the year to MKD 623.5 billion, as MKD 330.3 million were generated on the domestic market, whereas the rest came from sales abroad.

Tikves Reports Consolidated Earnings Results for the First Quarter of 2016

Tikves reported consolidated earnings results for the first quarter of 2016. Net profit rose 20% to MKD 12.8 million in the first quarter on the back of higher sales and lower administrative costs. Profit grew by an annual 11% to MKD 31.8 million in the first three months of 2016.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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