The Ukrainian Metal

Ukraine: Sukhaya Balka revenue up in 2017

In 2017 Sukhaya Balka increased net income by 28% YoY, to 4.383 billion UAH.

Last year the company net loss grew 7.5-fold, to 1.173 billion UAH.

Undistributed profit totaled 1.631 billion UAH.

In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2% YoY.

Consolidated accounts receivable decreased by 79.7%, to 254.696 million UAH, and current liabilities dropped by 92.2%, to 196.2 million UAH, while fixed liabilities increased by 14.6%, to 574.112 million UAH. (Ukrainian metal)

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