Business news from Ukraine

Koblevo reduced its net profit by 32.9%

29 March , 2024  

In 2023, Koblevo JSC (Mykolaiv region), one of Ukraine’s largest wineries, reduced its net profit by 32.9% compared to 2022, to UAH 8.6 million.

According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its assets increased by 6.4% to UAH 397.638 million over the year and exceeded the pre-war level of 2021, when they amounted to UAH 375.15 million.

The company’s retained earnings increased 1.3 times to UAH 39.126 million.

Total accounts receivable increased sevenfold to UAH 59.215 million over the year. The company has no long-term liabilities. Current liabilities increased by 5.9% compared to 2023 and amounted to UAH 270.19 million.

At the same time, the company reduced fixed assets by 13.6% to UAH 51.892 million, inventories by 4.7% to UAH 270.819 million, and free cash by 12.3% to UAH 1.066 million. In 2023, Koblevo JSC increased its equity by 7.2% to UAH 127.4 million.

The company announces that its annual shareholders’ meeting will be held remotely on April 26. The agenda of the meeting provides for leaving the net profit received in 2023 undistributed and not paying dividends.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of Koblevo JSC is Svyatoslav Nechytailo.

Koblevo JSC is a part of Bayadera Group established in 1991. The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic beverages in Ukraine, and is the exclusive importer of global alcohol brands in Ukraine.

The main brands are First Guild, Kozatska Rada, Hlibny Dar, Vozdukh, Celsius, Koblevo, Marengo, etc.

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