Business news from Ukraine

INVESTMENT IN GRAIN DRYING COMPLEX AT BILOVODSKY BAKERY COMES TO UAH 56 MLN

23 December , 2016  

KYIV. Dec 23 (Interfax-Ukraine) – PJSC Bilovodsky bakery (Sumy region) has opened the renovated grain drying complex, according to the website of Sumy Regional State Administration.

The total capacity of the complex is 17,000 tonnes, investment in its launch reached UAH 56 million.

The plant not only stores grain but also produces animal feed and flour.

According to the National Commission on Securities and the Stock Market, the owner of 91.1% of the bakery is Cypriot company Firstmed Management.

The net profit of the company for 2015 increased by 44.7%, to UAH 12.68 million, net income by 36.7%, to UAH 104 million.