JTI Ukraine sees net profit of UAH 364.4mn (USD 45.6mn) in 2012.

By bne IntelliNews March 20, 2013
The JT International Ukraine (Kremenchuk tobacco factory, Poltava region) has reported a net profit of UAH 364.38mn (USD 45.6mn) for 2012, shows the preliminary data. The assets of the company as of late 2012 made up UAH 1.96bn, current liabilities - UAH 665.32mn, and total accounts receivable - UAH 312.87mn. JTI plans to invest USD 63mn in its modernisation by 2014. In particular, the company plans to implement Track and Trace coding system which enable following the movement of products from manufacturer to customer and thus assist fight against black trading. JTI Ukraine finished 2011 with a profit of UAH 352.2mn. The company produces Camel, Winston, Glamour and Monte Carlo cigarettes. JTI Ukraine is part of the JTI group of companies.

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