Business news from Ukraine

INTERNATIONAL AGRO-INDUSTRIAL GROUP SOUFFLET DOUBLES PROFIT IN UKRAINE IN 2020

A member of the international agro-industrial group Soufflet, malt producer PrJSC Slavuta Malt House (village of Krupets, Khmelnytsky region) increased its net profit 1.9 times in 2020 compared to 2019 – up to UAH 134.66 million.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets for the year decreased by 12.5% – to UAH 823.16 million, and retained earnings increased by 5.4% – to UAH 531.02 million.
At the end of the year, the total accounts receivable of the PrJSC increased by 46.1% to UAH 323.12 million.
The company announces the annual meeting of its shareholders scheduled for April 22, in the agenda of which it is planned to make a decision on the direction of the retained net profit received in 2020 for the development of the company and replenishment of its working capital. The decision not to accrue or pay dividends to shareholders is also on the agenda.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of PrJSC Slavuta Malt House is chairman of the board of directors of the Soufflet Group, Jean-Michel Soufflet.
According to the data on the website of the Slavuta Malt House, in 2020 it produced 128.640 tonnes of malt, of which it exported 42.36 tonnes.
According to the French diversified Soufflet Group, it is one of the world’s largest malt producers, with 28 malt plants in Europe, Asia and South America. The company is the largest flour producer in France, it produces bread and confectionery in France and Portugal, and operates on the international grain market through the Soufflet Negoce trading business unit.

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