Business news from Ukraine

PJSC Concern Khlibprom (Lviv), one of Ukraine’s largest producers of bread and bakery products, posted a net loss of UAH 65.667 million in 2024, compared to a net profit of UAH 70.83 million a year earlier.

According to the agenda of the annual general meeting of shareholders scheduled for April 30 this year in remote mode, the shareholders are proposed to cover the net loss of UAH 161,366 thousand incurred by the company in 2024 at the expense of deferred income, and not to accrue or pay dividends.

In addition, the shareholders are proposed to approve the report of the management and the supervisory board on the financial and economic activities of the company for 2024, to recognize the work of the management and the supervisory board as satisfactory. They also have to approve the reports and conclusions of the audit firm Nexia DK Audit LLC and decide on the need to take the measures recommended by the auditor.

According to Opendatabot, in 2024, Concern Khlibprom PJSC increased its revenue by 7.4% to UAH 2.036 billion, its debt obligations by 1.5 times to UAH 567.38 million, and its assets by 11.4% to UAH 1.19 billion. At the same time, the number of employees decreased by 52 people to 2,601. The company’s authorized capital is UAH 163.55 million.

Concern Khlibprom is one of the largest enterprises in the Ukrainian bread market, producing up to 200 tons of products daily: bread, bakery, confectionery and semi-finished dough products. The company has five processing plants located in Lviv and Vinnytsia regions. It owns the Khlibna Khata, Vinnytsiakhlib, Khlib po-Lvivski, Lyublyanna, Bandinelli, and Panerini trademarks.

The company’s beneficiary is Natalia Antonova, the ex-wife of OKKO Group majority owner Vitaliy Antonov. In October 2024, she acquired a 25.3% stake in Concern Khlibprom from Universal Investment Group LLC and became the owner of 98.1% of the company’s shares.