Business news from Ukraine

FIVE-STAR HYATT HOTEL INCRESES NET PROFIT IN UKRAINE BY 9.3%

PrJSC New Engineering Technologies (Kyiv), the owner and management company of the five-star hotel Hyatt Regency Kiev, in 2018 saw its net profit rise by 9.3% compared with 2017, to UAH 102.056 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission about a general meeting of shareholders scheduled for April 18, its assets remained almost unchanged and amounted to UAH 348.7 million.
According to the agenda of the meeting, the company plans to pay UAH 101.182 million in dividends for 2017-2018.
The size of dividends will be UAH 0.47 per share.
According to the report, the total debtor indebtedness of the enterprise in 2018 decreased by 36.6%, to UAH 5.336 million.
Retained earnings increased by 7.7%, to UAH 102.07 million.
Short-term liabilities decreased by 19.5% and amounted to UAH 31.3 million. The company had no long-term liabilities by the end of last year.
In addition, the company intends to include UAH 873,300 in retained earnings.

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