Business news from Ukraine

Business news from Ukraine

BASHTANKA CHEESE FACTORY HALVES NET PROFIT IN 2018

Bashtanka Cheese Factory (Mykolaiv region), one of the largest cheese making enterprises in Ukraine, in 2018 saw a net profit of UAH 24.06 million, which is 1.9 times less than a year earlier. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net income last year increased by 20.9%, to UAH 1.024 million.
The gross profit of Bashtanka Cheese Factory over the year rose by 10.6%, to UAH 182.67 million, operating profit fell by 13.9%, to UAH 63.8 million.
In 2018, the company sold products for UAH 1.02 billion, in particular hard cheese for UAH 417.48 million, in natural terms some 4,140 tonnes. Of the total volume of products sold, exports accounted for 4%.
Bashtanka Cheese Factory is part of Milk Alliance, established in June 2006 as a holding company with a charter capital of UAH 23.5 million and a balance 99.9% consisting of long-term financial investments.