The Ukrainian Metal

Ukraine: MGOK profits in 2017

In 2017 Marganets Mining and Processing Works received 811.254 million UAH of net profit, as opposed to 882.735 million UAH of net losses in 2016.

Undistributed profit last year totaled 575.906 million UAH.

The company current liabilities decreased by 14.4%, to 1142.244 million UAH, and fixed liabilities – by 36.7%, to 353.212 million UAH. At the same time accounts receivable grew 6.4-fold, to 1339.245 million UAH.

Company assets increased by 60%, to 3957.527 million UAH. (Ukrainian metal)

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