Business news from Ukraine

UKRSPYRT TO SUPPLY 50,000 DAL OF ALCOHOL TO AZERBAIJAN

26 May , 2017  

KYIV. May 26 (Interfax-Ukraine) – Ukrspyrt plans to sign an agreement on the supply of 50,000 decaliters (dal) of alcohol to Azerbaijan.
According to a company press release, in near future the Republic of Azerbaijan will be delivered a batch of 10,000 decaliters of Pshenychna Slioza high-purity alcohol.
The company noted since the beginning of the year Ukrspyrt has been working on the development of export potential and restoration of working relations with foreign partners, in particular, it has signed agreements on alcohol supplies with Georgia, Hungary, Poland and Azerbaijan.
As reported, Ukrspyrt in January-March 2017 increased alcohol production in comparison with the same period in 2016 by 4.3%, to 2.36 million decaliters.
The net profit of Ukrspyrt in 2016 was UAH 97.1 million against a net loss of UAH 84 million for 2015.
Production at Ukrspyrt enterprises in 2016 increased by 2%, to UAH 1.822 billion in comparison with the previous year. The share of ethyl spirit in total output is 93.5%.