Private joint-stock company JT International Company Ukraine, a large tobacco company in Ukraine, in 2018 saw UAH 400.3 million in net profit, which is 2.4 times more than in 2017.
According to a company report on holding the annual general meeting of shareholders scheduled for April 26, the retained earnings in 2018 doubled, to UAH 773.6 million.
The current liabilities of JT International Company Ukraine last year decreased 20%, to UAH 2.7 billion, the company has no noncurrent liabilities. Total receivables increased 2%, to UAH 879 million.
According to the draft decision of the meeting, the company intends to send profits to the development of the enterprise and the financing of its activities, payment of dividends is not planned.
The company also intends to obtain permission from shareholders to purchase tobacco products in 2019 from JT International Ukraine PJSC (the factory belongs to this company) for UAH 18 billion. In addition, the company wants to agree on the conclusion of supply contracts for the sale of tobacco products for UAH 21 billion in 2019.
JT International Company Ukraine is part of Japan Tobacco Inc. (JTI).
In Ukraine, it owns Kremenchuk tobacco factory (Poltava region).
