Interpipe Nyzhniodniprovsky Plant net losses up in 2009

Interpipe Nyzhniodniprovsky pipe-rolling plant saw its net losses rise by 3.2 times or UAH 246.68 million in 2009 YoY to UAH 356.69 million.
A company report on the holding of a general meeting of its shareholders scheduled for April 13 says that its undistributed profit last year grew by 3.5%, to UAH 1.183 billion.
Over the year, the plant increased its current liabilities by 80.8%, to UAH 1.978 billion, while its long-term liabilities shrank by 72.5%, to UAH 482.105 million. The plant cut its bills receivable by 7.9%, to UAH 1.773 billion. (Interfax)