PJSC Bogdan Motors automobile company uniting the production assets of Bogdan Corporation received Hr 40.9 million of net profit in the first quarter of this year, while in the same period of 2017 its net loss was almost Hr 60 million.
According to the company’s quarterly financial statements in the information disclosure system of the National Securities and Stock Market Commission, its net income increased by 33.8 percen, to Hr 106.07 million.
For the first quarter Bogdan Motors received Hr 22.38 million of gross profit, which is 72.7 percent more than in January-March 2017, while operating profit amounted to Hr 83.05 million against Hr 65.55 million in loss.
The liabilities of the company by April 1 of this year stood at Hr 7.069 billion, in particular loans of banks some Hr 4.031 billion.
PJSC Bogdan Motors Automobile Company unites the production assets of Bogdan Corporation, one of the leading Ukrainian automakers (a bus and trolleybus plant in Lutsk and a car factory in Cherkasy).
