Business news from Ukraine

Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, saw UAH 348.7 million in net profit in 2017, which is 49.6% up on 2016. According to an announcement on holding a general meeting of shareholders scheduled for April 25, undistributed profit early this year reached UAH 1.156 billion (UAH 807.09 million a year ago).
According to a draft decision of the shareholders it is planned not to pay dividends for 2017.
As reported, in 2016, the mill saw an 89% rise in net profit, to UAH 233.13 million.
According to the report, current liabilities of the mill grew by 15% in 2017, to UAH 1.863 billion and noncurrent liabilities fell by 23.5%, to UAH 146.45 million.
Total bills receivable as of January 1, 2018 totaled UAH 790.22 million, increasing by 31.5%. Assets grew by 19.7%, to UAH 3.326 billion.
Net worth as of early 2018 was UAH 1.317 billion, including UAH 10 million of the charter capital.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world. In 2017, the mill saw a 14.8% rise in production from 2016, to UAH 4.224 85 million.