Private joint-stock company Ukrainian Automobile Corporation (UkrAVTO), a leading company on the Ukrainian automobile market, tentatively saw UAH 3.076 million of net loss in 2016, and this is 140 times less than in 2015.

According to an announcement on holding the general meeting of its shareholders scheduled for April 25, undistributed profit as of January 1, 2017 totaled UAH 964.91 million (UAH 969.88 million a year ago).

As reported, in 2015, UkrAVTO saw a 56.5% fall in net loss, to UAH 430.76 million.

Last year the corporation almost retained its current liabilities at the previous year level – UAH 1.05 billion, while noncurrent liabilities grew by 5.5%, to UAH 1.585 billion.

Total bills receivable rose by 4.8%, to UAH 1.521 billion, and assets grew by 2%, to UAH 3.729 billion, including UAH 971.7 million of long-term financial investment.

Net worth was UAH 1.093 billion and charter capital amounted to UAH 94.96 million.

UkrAVTO was registered in 1992. It holds a controlling stake in CJSC ZAZ and Poland's FSO. The corporation includes over 400 car servicing enterprises in all Ukrainian cities, distribution and dealer companies of the leading car brands and the filling station network.

As of Q3, 2016, UkrAVTO Corporation President Tariel Vasadze held 93.8927% of the shares in PrJSC UkrAVTO.