Philip Morris Ukraine posts net profit of UAH 1.1bn (USD 137mn) in 2012.

By bne IntelliNews March 21, 2013
In 2012, Philip Morris Ukraine posted a net profit of UAH 1.096bn (USD 137mn), shows the companys preliminary data. As of late 2012, the assets of the company made up UAH 2.37bn, current liabilities - UAH 1.03mn. Total accounts receivable made up UAH 748.72mn. Philip Morris Ukraine production facilities are located at a tobacco factory in Kharkiv region. In particular, Philip Morris Ukraine makes cigarettes branded Chesterfield, Bond Street, Marlboro, L&M and Parliament for domestic market and for export. To compare another large tobacco producer JT International Ukraine (Kremenchuk tobacco factory, Poltava region) has reported a net profit of UAH 364.38mn (USD 45.6mn) for 2012. 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. The company produces Camel, Winston, Glamour and Monte Carlo cigarettes. JTI Ukraine is part of the JTI group of companies.
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