Business news from Ukraine

ASNOVA HOLDING SEES PROFIT RISE BY 4.5%

26 February , 2018  

PJSC ASNOVA Holding (Kyiv) saw net profit rise by 4.5% in 2017 as compared to 2016, to UAH 92.3 million.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on holding the next general meeting of shareholders on March 27, the assets of the enterprise for the year increased by 6.6%, to UAH 1.249 billion.
Undistributed profit in 2017 amounted to UAH 977 million, which almost corresponds to the indicator of 2016. At the same time, current liabilities rose by 61% against the previous year, to UAH 71.9 million, total debtor indebtedness amounted to UAH 120 million, twice as much as in the previous year.
According to the company, ASNOVA Holding increased its long-term financial investments by 14%, to UAH 1.1 billion, net worth by 4.3%, to UAH 1.17 billion.
According to the preliminary report, the number of employees of the holding for the year decreased to 37 people from 46 people in 2016.
PJSC ASNOVA Holding was established in 1992. It is engaged in distribution, logistics, retail sales, IT services and Internet commerce.