Creative Group in nine months doubles net profit

15:50, 25.10.2013 1 min read

PJSC Creative, one of the largest operators on the fat and edible oil market in Ukraine, in January-September 2013 saw a net profit of UAH 363.89 million, which is two times more than in the same period in 2012.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the company's net income over the nine months increased by 88.8%, to UAH 4.43 billion.

Its gross profit for January-September amounted to UAH 880.6 million, which is about 58.6% more than in January-September 2012.

As reported, in the first half of 2013 PJSC Creative saw a net profit of UAH 310.5 million, which is 2.6 times more than in the same period of 2012. Its net income for January-June increased by 2.5 times compared to the same period of the previous year, to UAH 3.26 billion.

Creative Group is one of the largest vegetable oil and margarine producers in Ukraine. The group also makes mayonnaise, produces and sells biofuel pellets, and is engaged in cattle breeding and grain crop growing.