Lafarge Ukraine's Nikolaevcement reports lower profits

The Lviv region unit said 2010 net income declines compared to 2009 as utilization falls below 50%. [$]

 

 

{reg}[PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Nikolaevcement concluded in 2010 with a net loss of 33.8 million UAH, while the year before its net profit amounted to 53.8 million UAH.

Long-term liabilities of the plant increased by almost 24% to 71.7 million UAH. Kiln utilization was only 47.54% as the company produced 851.9 thousand tons of cement.