Ukraine: Yugcement reports 1Q16 losses of US$11.75m

The Yugcement company (Olshanske, Mykolaiv region) reported loss of UAH298.228m (US$11.75m) for 2015, having upped its net revenue by 14.8 per cent or UAH 80.84m YoY to UAH626.167m.

As of 2015, assets of the company made up UAH833.98m, current liabilities UAH162.838m and accounts receivable UAH21.336m.

Yugcement  cement is a part of the Dyckerhoff Ukraine company managing three plants for cement production and packaging in Ukraine.