Business news from Ukraine

ZORYA-MASHPROEKT SEES 13% RISE IN NET REVENUE IN 2016

28 December , 2016  

KYIV. Dec 28 (Interfax-Ukraine) – State-run enterprise Zorya-Mashproekt (Mykolaiv) is finishing 2016 with profit.

The press service reported on Tuesday that sales revenue in 2016 grew by 13%. The company will see profit this year. The financial target is met by 102%.

In 2016 Zorya-Mashproekt mainly produced marine equipment: the share of ship units of total supplies reached 87%. The enterprise also shipped products for the energy sector and gas pipelines.

The press service said that this year the enterprise met all its contract liabilities.

“The customers of the products are mainly foreign companies. The exports share totaled 96.4%. The products were delivered to South Asia, Southeast Asia, Eastern Europe and the Middle East,” the press service said.

The enterprise continued implementing production facilities modernization programs in 2016: investment amounted to UAH 155.8 million (the same as in 2015).

Zorya-Mashproekt is a member of the Ukroboronprom State Concern.