Ivano-Frankivskcement 2011 results restated

Ivano-Frankivskcement  2011 results restated
07 May 2012

Ivano-Frankivskcement finished the full year of 2011 with a net profit of UAH6m, according to a report by Ukrainian News.

In 2011, the enterprise increased its net revenue by 23.73% or UAH168m to UAH877m over 2010. As of the end of 2011, the company's assets were valued at UAH 923m. Total accounts receivable as of the end of the year were UAH 216m, its current liabilities UAH258m.

According to the latest data, Ivano-Frankivskcement finished 2010 at a loss of UAH 0.8m, its net revenue was UAH709m.

Two resident individuals own 51.34% and 13.3% of shares in the company and Ivano-Frankivsk Eternit (Ivano-Frankivsk region) holds 20.76%.

Published under Cement News