Business news from Ukraine

KYIVKHLIB POSTS UAH 19.5 MLN NET PROFIT IN 2016

27 March , 2017  

KYIV. March 27 (Interfax-Ukraine) – Kyivkhlib, the largest producer of bread and bakery goods in Kyiv, in 2016 received UAH 19.48 million of net profit against a net loss of UAH 30.24 million in 2015.
According to the company’s announcement of an annual shareholders’ meeting scheduled for April 28, its assets last year amounted to UAH 640.9 million against UAH 712.55 million for the previous year.
Total debtor indebtedness over the year increased by 1.6 times, to UAH 339.4 million.
Undistributed profit by the end of the year was UAH 77.3 million.
PJSC Kyivkhlib was established in 1996 through the reorganization of state enterprise Kyivkhlibprom. It is the largest producer of bread and bakery goods in Kyiv. The company includes nine production sites in the capital and Kyiv region.