Economy

Pyriatyn cheese factory posts almost 90.7% fall in net profit in 2015

Pyriatyn cheese factory posts almost 90.7% fall in net profit in 2015

PJSC Pyriatyn cheese factory (Poltava region), one of the largest cheese making enterprises in Ukraine, in 2015 saw net profit, according to Ukrainian accounting standards, in the amount of UAH 4.44 million, which is about 90.7% less than in 2014.

According to the announcement of an annual shareholders' meeting scheduled for March 30, the company's assets over the past year increased by 13.5%, to UAH 471 million.

Its current liabilities increased from UAH 92.024 million to UAH 104 million. Total debtor indebtedness grew by 7.4% compared to 2014, to UAH 294.2 million.

Pyriatyn cheese factory is part of Milk Alliance, created in June 2006 as a holding company with a charter capital of UAH 23.5 million, with long-term financial investment accounting for 99.9%.

Milk Alliance unites Pyriatyn cheese factory, Bashtanka cheese factory, Horodenka, Trostianets, Novoarkhanhelsk and Zgurivka cheese factories, Zolotonosha butter factory, as well as Varvamaslosyrzavod and Etalonmolprodukt, and Etalon trade house sales companies.

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