The Kyiv-based Eurocement Group Ukraine company, which is a subsidiary of the Russian largest holding for cement production Moscow-based Eurocement Holding, ended 2006 with net profits of UAH 98.077m.
This reads the financial report of the company, a copy of which was made available to Ukrainian News.
In 2006 the company increased its net revenues by factor of 2.4 or UAH 162.208m to UAH 278.736m compared to 2005.
In 2006 the company’s sales volumes increased by 17.5% or 0.472Mt to 3.172Mt compared to 2005.
The company ended 2005 with net profits of UAH 36.517m on the net revenues of UAH 116.528m.
As Ukrainian News earlier reported, Eurocement Group created Eurocement Group Ukraine in June 2005 for managing its plants in Ukraine and implementing its investment and environmental projects as well as for modernizing them.
Eurocement Group’s Ukrainian enterprises have a combined capacity of 5Mta.