KYIV. March 24 (Interfax-Ukraine) – Public joint-stock company Ivano-Frankivskcement (Yamnytsia, Ivano-Frankivsk region) saw UAH 559 million of net profit in 2016 compared to UAH 117.5 million of net loss in 2015.
According to a company report on holding the general meeting of shareholders scheduled for April 25, its assets grew by 40.8%, to UAH 3.373 billion, and undistributed profit rose by 8.4 times, to UAH 635 million.
Total bills receivable grew by 33.5%, to UAH 166.575 million. Current liabilities grew by 60.6%, to UAH 485.7 million and noncurrent liabilities – by 15.2%, to UAH 1.779 billion.
Ivano-Frankivskcement was created in 1999 through the reorganization of Ivano-Frankivsk cement and a slate plant founded on the basis of a cement plant in 1964.
The company is engaged in the production of cement, gypsum, etc. It exports its produce to Romania, Moldova and Belarus.
As of Q4, 2014, the key shareholder was CemIn West SA (96.6125%, Geneva, Switzerland).
According to the unified register of companies, the shareholders in the company are CemIn West (96.6%), Ivano-Frankivskcement-eternit LLC (0.0532%) and 1,456 individuals. The ultimate beneficiary is Mykola Kruts.
