The net profit of private joint-stock company Artwinery (Donetsk region, formerly Artemovsk Winery) fell by 26% in 2018 compared with 2017, to UAH 49.39 million.
According to a company report on holding the annual general meeting of shareholders on April 24, its assets last year rose by 15.4%, to UAH 729.23 million.
Current liabilities grew by 27.2%, to UAH 365.41 million, total receivables – by 1.5 times, to UAH 221.33 million.
The company plans to approve the payment of dividends from the retained earnings for 2017 in the amount of UAH 60.13 million. Dividends will be paid in the period before October 22, 2019.
Artwinery is the largest Eastern European manufacturer of sparkling wines using classical champagne method. The plant’s capacity is 25 million bottles per year. Its trademarks are Krim, Artyomovskoye, Krimart, Charte, and Soloking. The company exports products to more than 20 countries.
The company said that its share of the Ukrainian sparkling wine market in 2017 totaled 20.6%.
