Business news from Ukraine

Business news from Ukraine

LARGE PRODUCER OF SAUSAGES APK-INVEST REDUCES NET PROFIT BY 1.9 TIMES

17 March , 2021  

A large producer of sausages and semi-finished meat products PrJSC APK-Invest (Donetsk region) in 2020 reduced its net profit by 1.9 times compared to 2019 – to UAH 372.37 million.
According to the company’s statement in the information disclosure system of the National Commission for Securities and Stock Market of Ukraine, its assets for the year increased by 7.1% – to UAH 7.03 billion, and retained earnings increased by 5.7% – to UAH 4.34 billion.
The total accounts receivable of the PrJSC at the end of the year increased by 6.2% – up to UAH 1.12 billion.
According to the report, at the annual meeting of shareholders on April 17, it is planned to receive approval for the accrual and payment of dividends, which will amount to 62% of the net profit amount – UAH 232.05 million, and the balance of funds will be transferred to the amount of retained earnings.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiaries of PrJSC APK-Invest are Ukrainian businessman and politician Borys Kolesnykov and his wife Svitlana Kolesnykova.