Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, in 2020 increased its net profit by 36.6% compared to 2019, to UAH 351.81 million.
According to the corporation’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets grew slightly over the year to UAH 5.89 billion, and retained earnings amounted to UAH 181.04 million compared to an uncovered loss of UAH 329.25 million in 2019.
The total accounts receivable of Obolon over the last year increased by a quarter, to UAH 463.38 million.
In accordance with the statement, at the annual meeting of Obolon shareholders scheduled for April 22, it is planned to approve decisions on attracting Grant Thornton Legis LLC to the audit on the financial results of 2020 and directing the net profit received for the year to the production development.
In addition, it is planned to approve a decision on the implementation of significant transactions with a total value of up to UAH 14 billion, which can be used to conduct business in 2021.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of PrJSC Obolon is Ukrainian businessman and former MP Oleksandr Slobodian.
It was noted that low-alcohol drinks produced by Obolon in 2020 occupied a third of the Ukrainian market for this product.
Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer.
It includes the main plant in Kyiv and nine enterprises in the regions of the country.
The main brands are Obolon, Carling, Zlata Praha, Hike premium, Zibert, Keten, Hardmix, BeerMix, Desant, Zhygulivske, Zhyvchyk, Obolonska and Prozora. The corporation also produces low-alcohol drinks Rio, Gin Tonic, Vodka Lime, Whiskey Cherry, Rum Cola, Brandy Cola and Ciber.
