Business news from Ukraine

Business news from Ukraine

STOLYCHNY ASPHALT plant SEES NET PROFIT RISE BY 1.5 TIMES IN 2017

19 March , 2018  

PrJSC Stolychny asphalt plant (Kyiv) in 2017 saw its net profit rise by 1.5 times compared to 2016, to UAH 59.4 million.
According to a company report on holding a shareholders’ meeting, the company’s retained earnings increased by 30.7% in 2017, to UAH 99.8 million, the company’s assets increased by 21% compared to the previous year, to UAH 139.8 million.
Total debtor indebtedness in 2017 rose by 61%, to UAH 13.9 million, current liabilities increased by 7%, to UAH 8.7 million, while the company had no long-term liabilities.
As reported, Stolychny plant paid UAH 36 million to the shareholders in dividends for 2016.
PrJSC Stolychny asphalt plant was established in 2004. It specializes in production of asphalt mix for road construction and overhauls and reinforced concrete structures for underground walkways, collectors, and other engineering and communication facilities in road construction.