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.