PrJSC Lutsk Foods (Volyn region), one of the largest producers of grocery products in Ukraine, received UAH 32.28 million in net profit in 2024, which is 29.1% less than a year earlier.
According to the agenda of the annual general meeting of shareholders scheduled for April 30 this year in remote mode, shareholders are proposed to leave the company’s net profit for 2024 in the amount of UAH 32.284 million undistributed.
In addition, the shareholders are proposed to approve the report of the company’s supervisory board for 2024 and recognize the work of the supervisory board as satisfactory based on the results of 2024, approve the conclusions and measures based on the results of the review of the audit report of Grant Thornton Legal LLC and extend the work with this auditor for a year.
The shareholders should also approve a number of loan agreements concluded in 2023-2025 with PJSC Bank Vostok and allow the Chairman of the Management Board to enter into significant transactions during the year to attract investments in the modernization of production facilities and production premises, the maximum aggregate value of each of which should not exceed UAH 300 million.
According to the Opendatabot service, in 2024, Lutsk Foods PJSC reduced its revenue by 3.3% to UAH 828.13 million, while its debt obligations increased by 26% to UAH 118.36 million and its assets by 14.8% to UAH 304.96 million. The number of employees decreased by 15 people to 340. The authorized capital is UAH 16 million. The ultimate beneficiary is Oleg Khodachuk through the Closed Non-Diversified Corporate Investment Fund Theseus JSC.
PJSC “Lutsk Foods” was founded in 1997 on the basis of the Lutsk City Food Plant, established in 1945. The company produces a wide range of tomato paste-based sauces, as well as ketchup, adjika, mustard, mayonnaise and various types of vinegar under the Runa, Ridniy Krai and Sribnytsia trademarks. Since 2009, the company has been cooperating with a number of retail chains and produces more than 40 products under their private label. Lutsk Foods exports its products to the markets of more than 20 countries.
Lutsk Foods PJSC (Volyn region), one of the largest producers of grocery products in Ukraine, received UAH 45.981 million in net profit in 2023, up 8.5% year-on-year.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenue last year increased by 19.9% to UAH 856.515 million, debt obligations decreased by 28.2% to UAH 93.892 million, and assets – by 4.5% to UAH 265.767 million.
During the year, the company increased its staff by three employees to 355 people.
According to the report, at the annual meeting of shareholders on April 18, shareholders will be asked to leave the profit of UAH 45,981 thousand received in 2023 undistributed.
In addition, the shareholders are asked to authorize the company’s chairman of the board to enter into significant transactions during the year to attract investments in the modernization of production facilities and production premises, other agreements, the maximum aggregate value of each of which should not exceed UAH 200 million, with the provision of movable and immovable property of the company as security for performance without limiting its value.
Lutsk Foods PJSC was founded in 1997 on the basis of the Lutsk City Food Processing Plant, established in 1945. The company produces a wide range of tomato paste-based sauces, as well as ketchup, adjika, mustard, mayonnaise and various types of vinegar under the Runa, Ridniy Krai and Sribnytsia trademarks. Since 2009, the company has been cooperating with a number of retail chains and produces more than 40 products under their private labels. Lutsk Foods exports its products to the markets of more than 20 countries.
