Featured Galleries USUBC COLLECTION OF OVER 160 HISTORIC NEWS PHOTOGRAPHS HOLODOMOR: THROUGH THE EYES OF UKRAINIAN ARTISTS USUBC COLLECTION OF HISTORIC IHOR SIKORSKY PHOTOGRAPHS - INVENTOR OF THE HELICOPTER Ten USUBC Historic Full Page Ads in the Kyiv Post USUBC meeting with the New Ukrainian Ambassador to the US Volodymyr Yelchenko in Washington
CARGILL'S UKRAINIAN SUBSIDIARY SEES 44.2% CUT IN NET PROFIT IN 2010
Interfax-Ukraine, Kyiv, Ukraine, Tue, April 19, 2011
KYIV - Kyiv-based CJSC Cargill, a Ukrainian-based subsidiary of Cargill, saw a 44.2% cut in its net profit in 2010 compared to 2009, to UAH 316.93 million, the company said in an announcement of its stockholders' annual meeting scheduled for April 27, 2011.
According to the announcement, the company's assets grew by 1.7 times last year, to UAH 4.17 billion. Stocks grew by 2.1 times, to UAH 2.43 billion, while accounts receivable rose by 1.5 times, to UAH 1.52 billion.
The company's retained earnings in 2010 also grew by 1.5 times, to UAH 940.32 million, while its current liabilities expanded by 1.8 times, to UAH 2.76 billion. The company's personnel remained unchanged at 147 people.
Cargill is one of the world's largest grain traders. Until last year, the company was among the leading exporters of Ukrainian-produced grain. Since summer 2010 Ukraine has limited the export of grain from the country. Large international grain traders, including Cargill, were not assigned grain export quotas.