Business news from Ukraine

ARTEMOVSK WINERY SEES UAH 7.66 MLN IN NET PROFIT IN 2015

18 March , 2016  

KYIV. March 18 (Interfax-Ukraine) – Private joint-stock company Artemovsk Winery (Donetsk region), a large producer of sparkling wine in Ukraine, saw UAH 7.66 million in net profit in 2015 compared to UAH 6.65 million in net loss in 2014.

The company reported that its assets decreased by 0.4%, to UAH 647.1 million.

Current liabilities decreased from UAH 388.5 million to UAH 378.4 million.

Total bills receivable reached UAH 195.8 million, a 1.8-fold rise year-over-year.

Artemovsk Winery is one of Eastern Europe’s largest producers of sparkling wine in a traditional bottle method. The brands of the company include Krim, Artemovskoye, Krimart, Charte Komilfo, Charte and Soloking. Produce is exported to more than 20 countries.