Philip Morris Ukraine reports 2013 net earnings of 1.3B hryvnia, up 18.2% from year-ago period as net revenues rise 8% to 5.68B hryvnia

, April 30, 2014 () – According to national accounting standards, Philip Morris Ukraine, a tobacco company, has reported a net profit of UAH 1.302 billion for 2013.

In 2013 the company increased net revenues by 7.95% or UAH 418.024 million over 2012 to UAH 5,675.111 million.

At end-2013, the company's assets were valued at UAH 3.058 billion, current liabilities - at UAH 528.597 million, and total accounts receivable - at UAH 1.341 billion.

As Ukrainian News earlier reported, the company earned a net profit of UAH 1.096 billion in 2012, having decreased its net revenue by 0.15% or UAH 0.007,81 billion against 2011 to UAH 5.257 billion.

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.

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