A large manufacturer of capping and packaging materials JSC Tekhnologiya (Sumy) in January-September received a net profit of UAH 214.18 million, which is 33.5% less than in the same period of 2021.
According to the company’s non-consolidated financial statements, published on Friday in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income fell by 5% to UAH 1 billion 457 million.
At the same time, the gross profit of Technologiya JSC increased by 22.6% – up to UAH 443.4 million, and UAH 297 million of profit was received from operating activities – 41% more.
According to reports, the company’s expenses under the item “other operating expenses” increased 3.6 times – up to UAH 136.79 million.
According to the company’s statements, in the first half of this year, it reduced its net profit by 6.7 times compared to the same period in 2021, to UAH 16.68 million, while net income decreased by 12.5%, to UAH 824 million.
Thus, in the third quarter of this year, Tekhnologiya’s net profit decreased by 6.5% to UAH 197.5 million, while net income increased by 7% to UAH 632.5 million.
Founded in 1990, Tekhnologiya produces capping and packaging materials, including decorative casings and caps for champagne decoration, label products, packaging for pharmaceuticals, combined material, and polyethylene film. The export geography included more than 60 countries.
The beneficiaries of the company are Vladimir Zayets (70%) and Pole Krzysztof Gzhondzel (30%).
Technologia Group’s global offices are located in the UK (TEO UK Packaging Limited), Poland (MUZEL LTD), Italy (TEO ITALY SRL).
