Odesa cognac factory, one of the largest cognac producers in Ukraine, received UAH 5.4 million in net profit in 2017 against UAH 115,000 in net loss in 2016.
According to the company’s report on holding a shareholders’ meeting on April 15, its assets for the year increased by almost 32.8%, to UAH 1.05 billion, while fixed assets decreased by 13.9%, to UAH 77.62 million.
Uncovered loss in 2017 decreased by 19.1%, to UAH 22.9 million. Long-term liabilities of the enterprise decreased by 2.6%, to UAH 340.45 million, while current liabilities increased 1.8-fold, to UAH 571.7 million.
Total debtor indebtedness amounted to UAH 625.9 million.
Odesa cognac factory a part of Global Spirits holding, which also unites Khortytsa distillery, Poltava distillery. The structure also includes distribution units: Ukrainian Distribution Company, Khortytsa Trade House, and Megapolis USA.
