Baltsem ends 2008 in profit, Ukraine

Baltsem ends 2008 in profit, Ukraine
Published: 09 March 2009

Baltsem Company, one of three largest Ukrainian cement producers, ended 2008 with a net profit of UAH278m, reported Ukrainian News.

Assets of the company by late 2008 totaled UAH971.459m, long-term liabilities UAH2.314m and current liabilities UAH 132.641m.

Baltsem ended 2007 with a profit of UAH354.8m.

The company is part of the Eurocement Group Ukraine (Kyiv), which is a subsidiary of the Eurocement Group international industrial holding company (Moscow).