Umanfermmash, a manufacturer of agricultural machinery (Cherkasy region), according to preliminary data, in 2017 received UAH 2.35 million of net profit, which is 56% more than the same indicator in 2016.
As reported, in 2016 the plant saw net profit fall by 10.4 times compared to the previous year, to UAH 1.51 million.
According to information for the agenda of the company general shareholders’ meeting scheduled for April 20, by the beginning of this year retained earnings amounted to UAH 22.4 million.
Over the past year, the enterprise reduced current liabilities by 30.7%, to UAH 43.4 million, while it had no long-term obligations.
Total debtor indebtedness decreased by 26%, to UAH 6.54 million, and assets as a whole amounted to UAH 148.73 million, which is 2% less.
The number of employees at the company as of January 1, 2018 was 642 people, which is ten people less than a year earlier.
In the past year, Umanfermmash changed the type of company from public to the private.
PrJSC Umanfermmash specializes, in particular, in production of machines for animal husbandry and forage production, processing complexes, soil cultivation machinery, complexes for harvesting root crops, spare parts for agricultural machinery.
