KYIV. March 10 (Interfax-Ukraine) – Public joint-stock company SKF Ukraine (Lutsk, the former Lutsk Bearing Plant), one of the largest bearing producers in Ukraine, tentatively saw UAH 392.75 million in net profit in 2015, and it was 2.4 times up from a year ago.
According to the materials to the agenda of a general meeting of the company’s shareholders scheduled for April 14, undistributed profit as of January 1, 2016 reached UAH 602.097 million (UAH 272.63 million as of January 1, 2015).
As reported, in 2014, the company saw an almost four times rise in net profit in 2014, to UAH 165.5 million.
Last year the company halved its current liabilities to UAH 111 million and long-term liabilities fell by 15%, to UAH 25.8 million.
Total bills receivable slightly grew to UAH 148.68 million, and assets rose by 25.4%, to UAH 1.056 billion.
Equity capital rose by almost 56%, to UAH 919 million.
The number of employees slightly decreased – by 10, to 1,206.
SKF Ukraine produces bearings and components.
In the middle of 2014, the company started cooperating with SKF Turkey, shipping products to two official distributors – UNLU TEKNIK and OZIHLAS, and in a year exports to the Turkish market grew by several times.
As of Q4 2015, Sweden’s Aktiebolaget SKF held 99.8917% in SKF Ukraine.
