Business news from Ukraine

Business news from Ukraine

RARYTET INSURER REDUCES ASSETS IN 2020

11 March , 2021  

Rarytet Insurance Company (Kyiv) in 2020 saw assets of UAH 50.284 million, which is 9.6% less than in 2019, according to the agenda of a meeting of shareholders posted in the information disclosure system of the National Securities and Stock Market Commission.
It is noted that the company’s net profit over last year amounted to UAH 365,000 against a net loss for 2019 of UAH 1.897 million.
According to the company, cash and its equivalent increased by 77.3%, to UAH 11.025 million, net worth remained at the level of UAH 50.050 million, debtor indebtedness decreased by five times, to UAH 1.234 million.
The company does not indicate long-term liabilities, the current ones decreased by 6 times, to UAH 1.674 million
Rarytet Insurance Company was registered in 1999, it specializes in risk types of insurance.