Economy

Interpipe Nyzhniodniprovsky Plant boosts net losses by 3.2 times in 2009

Interpipe Nyzhniodniprovsky pipe-rolling plant (Dnipropetrovsk) saw its net losses rise by 3.2 times or UAH 246.68 million in 2009 year-over-year, to UAH 356.69 million.

A company report on the holding of a general meeting of its shareholders scheduled for April 13 says that its undistributed profit last year grew by 3.5%, to UAH 1.183 billion.

Over the year, the plant increased its current liabilities by 80.8%, to UAH 1.978 billion, while its long-term liabilities shrank by 72.5%, to UAH 482.105 million. The plant cut its bills receivable by 7.9%, to UAH 1.773 billion.

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