Business news from Ukraine

“Zhytomyrski Lasoshchia” increased its profit by 80.7 times

Zhytomyrski Lasoshchy JSC, one of the largest confectionery producers in Ukraine, increased its profit by 80.7 times in 2023 compared to 2022, to UAH 395.087 million.

According to the company’s announcement in the NSSMC’s information disclosure system about the annual shareholders’ meeting scheduled for April 29, its assets increased 1.97 times to UAH 1.145 billion. The company’s debt obligations increased by 37.4% to UAH 628.8 million.

In 2023, Zhytomyrski Lasoshchy JSC’s revenue amounted to UAH 474.383 million, which is 16.8% more than in 2022 and 80.4% more than in pre-war 2021.

The company’s staff remained stable – 693 people, which is only 10 employees less than in pre-war 2021.

The shareholders are proposed to approve the net profit of the JSC, based on the results of financial and economic activities in 2022, in the amount of UAH 4.893 million and to allocate it in full to compensate for losses for the previous period.

The shareholders will also consider the new charter of Zhytomyrski Lasoshchy JSC and re-elect the Supervisory Board.

Zhytomyrski Lasoshchy Confectionery was founded in 1944. It is one of the three leaders in the confectionery industry of Ukraine. The company produces chocolate, praline, fondant, waffle and grilled sweets, various types of cookies, and sugar-free confectionery. The company is certified according to the international standards ISO 22000 and FSSC 22000, and has a Halal certificate. The company’s products are exported to 36 countries.

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