By KYIV. Nov 9 (Interfax-Ukraine) – PrJSC Novovolynsk Foundry (Volyn region) in 2021 increased its net loss by 36% compared to the previous year, to UAH 25.3 million from UAH 18.599 million.
According to the company’s announcement of remote holding of the annual meeting of shareholders on December 8, its retained earnings amounted to UAH 137.868 million over the last year.
The shareholders at the meeting intend to sum up the results of work in 2021, determine plans and elect a new composition of the company’s supervisory board.
It is proposed to repay loss for 2021 at the expense of the profit of previous years.
The plant specializes in production of high quality steel and cast iron castings for mechanical engineering.
