Business news from Ukraine

SPARKLING WINE PRODUCE ARTWINERY HAS 7 TIMES PROFIT RISE IN 2017

22 March , 2018  

The net profit of PrJSC Artwinery (Donetsk region) increased by 7.1 times in 2017 compared to 2016, to UAH 66.72 million.
According to the announcement of an annual shareholders’ meeting scheduled for April 24, its assets for the past year decreased by 6.4%, to UAH 632.19 million.
The current liabilities of Artwinery decreased by 27.7%, to UAH 287.3 million.
Total debtor indebtedness decreased by 48.9% compared to 2016, to UAH 145.1 million.
Artwinery is one of the largest producers of sparkling wine with a traditional bottle method in Eastern Europe. The plant’s capacity is 25 million bottles per year. The company’s trademarks are Krim, Artyomovskoye, Krimart, Charte and Soloking. Export deliveries cover more than 20 countries of the world.