Business news from Ukraine

Business news from Ukraine

HEIDELBERGCEMENT SEES 14% RISE IN NET LOSS IN UKRAINE IN 2017

24 April , 2018  

Private joint-stock company HeidelbergCement Ukraine (Dnipro), uniting Ukrainian cement plants of HeidelbergCement Group (Germany), saw a 14.4% rise in net loss in 2017, to UAH 431 million. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 11.3%, to UAH 1.8 billion, and assets rose by 4.5%, to UAH 1.75 billion.
The company saw UAH 1.2 billion of uncovered loss in 2017 (62% up year-over-year).
Current liabilities soared 2.4-fold, to UAH 2.4 billion, and noncurrent liabilities fell by 92%, to UAH 89.1 million.
HeidelbergCement Ukraine was founded in 2002. It is engaged in production of cement and clinker. The main shareholder of the company with a share of 99.8308%, according to the National Securities and Stock Market Commission, is CBR Portland B.V., part of HeidelbergCement Group.