Business news from Ukraine

Business news from Ukraine

KYIVMISKBUD SEES NET PROFIT FALL BY 29% IN 2017

PrJSC Kyivmiskbud holding company (Kyiv), one of the largest developers of Ukraine, in 2017 saw net profit fall by 29% compared to 2016, to UAH 71.231 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission on holding a general shareholders’ meeting on April 26, 2018, its assets increased by 12.6% and amounted to UAH 7.018 billion.
Total debtor indebtedness in 2017 increased by 3.5 times compared to 2016, to UAH 339 million.
Undistributed profit of Kyivmiskbud increased by 2.6% in comparison with the previous year and amounted to UAH 1.512 billion. Short-term liabilities decreased by 1.8%, to UAH 3.748 billion, while long-term liabilities almost doubled to UAH 1.681 billion. The staff of the company in 2017 grew to 693 people from 660 people a year earlier.
Kyivmiskbud was established on the basis of the property of state municipal construction corporation Kyivmiskbud in 1994 by combining in its charter capital of controlling stakes in 28 enterprises and other assets.