PODILSKY CEMENT SEES 20% RISE IN NET LOSS IN 2015

Interfax-Ukraine – Public joint-stock company Podilsky Cement (Kamyanets-Podilsky, Khmelnytsky region), part of Cement Roadstone Holdings (CRH, Ireland), saw a 20.4% increase in net loss in 2015, to UAH 3.392 billion.
The company said that its assets grew by 8.3%, to UAH 4.64 billion.
Total bills receivable increased by 27.4% in 2015, to UAH 374.413 million.
Uncovered loss reached UAH 5.941 billion, a 2.3-fold rise year-over-year. Short-term liabilities increased 2.1-fold, to UAH 2.362 billion and long-term liabilities – 1.5-fold to UAH 7.295 billion.
The workforce narrowed to 528 people from 646 a year ago.
Podilsky Cement was founded in 1994. CRH acquired a majority stake in the company in 1999.
Podilsky Cement in October 2011 launched a new technological cement line using a dry production method with a production capacity of around three million tonnes of cement per year. Investment in the period came to some UAH 2.2 billion.