Ukraine: Malteries Soufflet’s Ukraine malting business enjoys increased net profit in 2023
The Slavutsky Malt Plant, part of Malteries Soufflet, has announced a four-fold increase in 2023 net profits, to UAH390 mln, RMI Analytics reported.
Revenues were reported as increasing by more than 15%, while asset value increased and debt obligations were reduced. A recent shareholders’ meeting outlined a plan to use the financial benefits to improve working capital levels and without any dividend payments at this time.
All in all, an amazing turnaround as the region continues to face serious impact from the conflict with Russia.
Back
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
