Business news from Ukraine

One of the largest brewing companies in Ukraine Obolon sees net profit fall by 87%

Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, in January-September 2021 reduced its net profit by 87% compared to the nine months of 2020 – to UAH 48.64 million.According to the corporation’s report in the information disclosure system of the National Securities and Stock Market Commission, its revenue for the specified period increased by 6.3% – to UAH 4.68 billion, assets did not change significantly and amounted to UAH 5.88 billion, and retained earnings halved – to UAH 167.84 million.According to the report, on July 22, 2020 Obolon sold 100% of the corporate rights of Rokytne Glass Factory (Rokytne village, Rivne region) in favor of Water Word LLC (Lutsk) and a resident individual, the transaction amounted to UAH 53.22 million.According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Obolon is Ukrainian businessman and ex-MP Oleksandr Slobodian.Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer.It includes the main plant in Kyiv and nine enterprises in the regions of the country.

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