Business news from Ukraine

Business news from Ukraine

FOZZY-FOOD SEES UAH 245.6 MLN NET PROFIT IN SIX MONTHS OF 2017

2 August , 2017  

KYIV. Aug 2 (Interfax-Ukraine) – Fozzy-Food LLC (Vyshneve, Kyiv region), part of Fozzy Group (Kyiv) and developing, in particular, the network of Silpo supermarkets in Ukraine, in January-June 2017 received UAH 245.634 million of net profit against UAH 618.871 million of net loss for the same period in 2016.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income decreased by 37 times, to UAH 491.328 million.
The gross profit of the company for the six months of this year decreased by 433 times, to UAH 8.452 million, the loss from operating activities by 3 times, to UAH 65 million.
In addition, the company’s uncovered loss for the six months decreased by 7.2%, to UAH 2.432 billion, current liabilities by 6.6 times, to UAH 1.554 billion, long-term liabilities by 64 times, to UAH 35.557 million.
Fozzy-Food LLC is a structural unit of Fozzy Group and was registered in December 2002. It is engaged in the development of the Silpo supermarket chain in Ukraine. It started active operations in August 2003.