Business news from Ukraine

KYIV-BASED LAVINA MALL SEES UAH 184 MLN OF NET PROFIT IN H1

30 July , 2018  

Kyiv-based Lavina Mall LLC, the owner of the Lavina Mall shopping and entertainment center, in January-June 2018 saw UAH 184.2 million of net profit compared with net loss of UAH 83 million a year ago. According to a company’s report, net revenue grew 2.3-fold, to UAH 316.7 million.
Gross profit quintupled, to UAH 196 million, and the company saw a 3.7-fold rise in operating profit, to UAH 256.7 million.
Uncovered loss in H1 2018 fell by 47%, to UAH 164.8 million.
Total bills receivable over the period grew by 31%, to UAH 671 million.
Noncurrent liabilities grew by 5%, to UAH 1..73 billion, and current liabilities fell by 17%, to UAH 833.8 million.
Lavina Mall was opened early December 2016.
Developer of Lavina Mall was Megaline (Kyiv).

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