You're reading: Roshen confectionary factory in Kyiv quadruples net profit in 2018

PJSC Kyiv Confectionery Factory Roshen in 2018 quadrupled its net profit compared with 2017, to Hr 11.1 million.

This is stated in a company report in the information disclosure system of the National Commission on Securities and the Stock Market about a meeting of shareholders scheduled for March 26.

According to the report, the company plans to send 5 percent of profit to replenish the reserve capital, and leave 95 percent undistributed. The Kyiv factory of Roshen does not intend to pay dividends for 2018.

In addition, the company’s shareholders will consider the issue of increasing the charter capital of the company by Hr 330 million, to Hr 505.8 million through an additional non-public issue of 1.32 billion common unregistered shares with a nominal value of Hr 0.25 per unit.