Business news from Ukraine

KERAMPROM POSTS 14.7% RISE IN NET PROFIT IN 2016

7 March , 2017  

KYIV. March 7 (Interfax-Ukraine) – PJSC Keramprom (Artemivka, Donetsk region) saw net profit rise by 14.7% in 2016 as compared to 2015, to UAH 50.273 million.

According to a company report in the press on a shareholders’ meeting scheduled for April 7, its retained earnings in 2016 increased by 19.7% compared to the previous year and amounted to UAH 55.412 million.

The company’s assets increased by 7.1%, to UAH 88.015 million, while net worth rose by 15.6%, to UAH 83.816 million.

Total debtor indebtedness in 2016 decreased by 15.3% compared to 2015 and amounted to UAH 44.833 million.

The company’s current liabilities fell by 2.3 times, to UAH 4.199 million. Long-term liabilities by the end of 2015 were UAH 206,000 and there were no long-term liabilities by the end of 2016.

The company’s staff in 2016 amounted to 54 people compared with 51 people a year earlier.

Keramprom was established in 1997. It is engaged in extraction of clay and kaolin.