11 May, 2024

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.

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