Business news from Ukraine

VISTEC MACHINE BUILDING PLANT SIGNIFICANTLY INCREASES NET PROFIT IN 2016

16 March , 2017  

KYIV. March 16 (Interfax-Ukraine) – PJSC Vistec machine building plant (Bakhmut, Donetsk region), in 2016, according to preliminary data, saw a net profit of UAH 34.14 million, while a year earlier it was UAH 280,000.

According to information on the agenda of a general meeting of shareholders scheduled for April 13, the company’s retained earnings by the beginning of this year amounted to UAH 62.77 million.

Current liabilities last year slightly decreased, to UAH 124.3 million, long-term liabilities rose to UAH 1.08 million.

Its total debtor indebtedness by January 1, 2017 amounted to UAH 106.66 million, which is 10.4% more than a year earlier, while the value of assets increased by 18%, to UAH 205.04 million.

The number of the plant personnel reduced by 110 people, to 709 employees.

PJSC Vistec specializes in production of round-link chains for various purposes, welding electrodes, metal cutting tools and goods made of metal powder. The enterprise also has forge-press and wire-nail production.