Ukraine: Leading beer maker Obolon sees 87% drop in January-September net profit

Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, saw January-September 2021 net profit drop by 87% compared to the nine months of 2020 – to UAH 48.64 million, the Ukraine Open for Business website said on November 26.

According to the corporation’s report in the information disclosure system of the National Securities and Stock Market Commission, its revenue for the specified period increased by 6.3% to UAH 4.68 billion, assets did not change significantly and totalled UAH 5.88 billion, and retained earnings halved to UAH 167.84 million.

As per the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Obolon is Ukrainian businessman and ex-MP Oleksandr Slobodian. Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer. It includes the main plant in Kyiv and nine enterprises in the regions of the country.

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