Business news from Ukraine

VETROPACK HOSTOMEL GLASS FACTORY POSTS UAH 62.4 MLN NET PROFIT IN 2016

13 March , 2017  

KYIV. March 13 (Interfax-Ukraine) – PJSC Vetropack Hostomel Glass Factory (Kyiv region), the largest Ukrainian producer of glass containers, last year saw a net profit of UAH 62.39 million against a net loss of UAH 80.34 million a year earlier.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its assets last year increased by 15.3%, to UAH 1.6 billion.

Undistributed profit increased by 49.8%, to UAH 189.1 million.

Total debtor indebtedness over the year rose by 32.6%, to UAH 396.7 million.

In 2016 its current obligations increased by 1.3 times, to UAH 237.3 million.

The plant shareholders intend to approve its financial results for 2016 at a general meeting on April 12 this year.

The number of personnel at the company last year decreased by four people, to 637 employees.

Since 2006 Vetropack Hostomel Glass Plant is part of the Vetropack European group of companies, a major glass container manufacturer with factories in Switzerland, Italy, the Czech Republic, Croatia, and Slovakia. It produces containers for wine, champagne, vodka and cognac, beer, mineral water, etc.