Business news from Ukraine

MONDELEZ HAS 5.5-FOLD RISE IN NET PROFIT IN UKRAINE IN 2017

8 March , 2018  

Private joint-stock company Mondelez Ukraine (earlier Kraft Foods Ukraine) saw a 5.5-fold rise in net profit in 2017, to UAH 310.2 million.
According to a company report on holding the annual meeting of shareholders scheduled for April 5, 2018, its assets last year slightly fell to UAH 3.305 billion. Fixed assets rose by 8.6%, to UAH 1.345 billion.
Total bills receivable narrowed by 12%, to UAH 843.8 million, and undistributed profit – by 2.3%, to UAH 1.677 billion.
Current liabilities grew by 3.6%, to UAH 1.521 billion.
Mondelez Ukraine is part of Mondelez International group of companies, one of the world’s largest producers of chocolate goods, cookies, sweets, and chewing gum.
The company in Ukraine includes Trostianets confectionery factory (Sumy region) and Chips Lux LLC subsidiary company (Kyiv region).