Baltsem Ends 2005 With UAH 11m in profit

Baltsem Ends 2005 With UAH 11m in profit
Published: 04 July 2006

Baltsem, one of three largest cement producers in the Ukraine, ended 2005 with a net profit of UAH 11m.  This was disclosed in the Top-100 rating made by Invest Paper. 
 
According to the rating, in 2005, the company increased net revenues by 61.8% or UAH 150.32m, compared to 2004 to UAH 393.75m. 
 
As Ukrainian News earlier reported, the company ended 2004 with a loss of UAH 27.3m increasing its net revenues by 25.1% or UAH 48.773m, compared to 2003 to UAH 243.433m.