Proletarii, based in the Luhansk region of the Ukraine, has obtained a four-year credit line worth USD 0.58 million from Ukreximbank (state export import bank), the flat glass manufacturer announced o…
Proletarii, based in the Luhansk region of the Ukraine, has obtained a four-year credit line worth USD 0.58 million from Ukreximbank (state export import bank), the flat glass manufacturer announced on 19 October 2006 The company did not disclose the total value of the credit line, which has an interest rate of 10.35% per annum. In December 2004, the Antimonopoly Committee of Ukraine allowed Proletarii to acquire some of the assets of Lysychansk glass plant . Proletarii ended 2004 with a net profit of UAH 44.062 million, an increase in net revenues of 42.14% or UAH 71.129 million, compared to UAH 239.907 million in 2003.