Ukraine: Hostomel posts 2002 4Q profits down on 2001

The Hostomel glass container plant (Kyiv region), posted net profits of UAK 2.825 million for 4Q 2002 down from UAK 4.239 million for the same period in 2001.
For the whole of 2002 the firm posted ne…

The Hostomel glass container plant (Kyiv region), posted net profits of UAK 2.825 million for 4Q 2002 down from UAK 4.239 million for the same period in 2001. For the whole of 2002 the firm posted net profits of UAK 11.425 million. In 2002 the plant sold products for UAK 133.784 million.The plant finished 2001 with net profits of UAK 14.139 million, on total sales of UAK 121.685 million. For July-September 2002 the plant posted losses of UAK 0.7 million when repairs were carried out to the plant“s largest glass furnace with a production capacity of 180 tons per day. There are 3 furnaces on the enterprise with capacities of 80, 100, 180 tons per day. The Hostomel glass-making plant specializes in the production of glass bottles for alcoholic and non-alcoholic beverages as well as glass containers for medical and perfumery goods. The plant has a statutory fund of UAK 0.174 million. According to the Agency for Development of the Stock Market“s Infrastructure, the Ormex Trading Limited company (USA) holds 8.13% of shares in the company, four individuals hold 44.5% of shares.