Business news from Ukraine

Business news from Ukraine

CONSTRUCTION COMPANY POZNIAKY-ZHYL-BUD RAISES LOSSES IN 2020

30 March , 2021  

Pozniaky-Zhyl-Bud (Kyiv) in 2020 saw a net loss of UAH 21.304 million, which is 20% lower than the result of 2019 (UAH 17.631 million loss), follows from the agenda of a shareholders’ meeting scheduled for April 29, 2021, promulgated in the information disclosure system of the National Securities and Stock Market Commission of Ukraine.

The uncovered loss of the company over the year reached UAH 17.044 million against UAH 4.260 million of retained earnings for the previous year.

Current liabilities increased by 3.4 times, to UAH 855.882 million, while long-term liabilities decreased to UAH 443.352 million from UAH 664.757 million.

In addition, it is reported that by December 31, 2020, the company’s assets increased by 44%, to UAH 1.368 billion, while cash and its equivalent almost halved, to UAH 3.626 million. The total debtor indebtedness increased by 1.5 times, to UAH 331.8 million.

The net worth of Pozniaky-Zhyl-Bud in 2020 was negative, minus UAH 16.869 million.