Ivano-Frankivsktsement posts profits

Ivano-Frankivsktsement posts profits
Published: 31 May 2005

One of the five largest producers of cement in the Ukraine, the Ivano-Frankivsktsement company, posted UAH 12.981 million in net profit in 2004.  
According to the company, in 2004 Ivano-Frankivsktsement increased net revenues by 30.4 per cent or UAH 58.045 million compared with 2003, to UAH 248.876 million.   According to specified data, Ivano-Frankivsktsement finished 2003 with net profits of UAH 1.49 million.  

As Ukrainian News earlier reported, in 2004 Ivano-Frankivsktsement increased cement production to 527,600t. According to data of the enterprise, 30.4 per cent of the shares in Ivano-Frankivsktsement, which is registered as open joint-stock company, belong to its honorary board chairman Mykola Kruts.