Creative Group boosted profit 2.6 times in the first half of 2013


The Kirovohrad-based agricultural group Creative, one of Ukraine’s top fat-and-oil producers, gained a net profit of UAH 310.5 Ml in the first half of 2013, or 2.6 times more than in January-June 2012, according to the company’s financial statement prepared in line with the national accounting standards. The document, which was published in the information disclosure system of the National Commission for Securities and the Stock Market, says that net revenues grew by 2.5 times to UAH 3.262 Bl in the above-mentioned period. At the same time, Creative’s gross profit in the first half of the year almost doubled to UAH 648.7 Ml and operating profit amounted to UAH 568.7 Ml, or 1.9 times more than in January-June 2012. According to the company’s board chairman Yuriy Davydov, Creative Group increased net revenue by 82% to USD 685 Ml in 2012 from USD 376 Ml in 2011.