SCM Posts Profit Of UAH 3.7 Billion For 2010

According to preliminary data, System Capital Management (Donetsk) finished 2010 with a net non-consolidated profit of UAH 3.717 billion.

This is reported in a statement of the company.

Assets of the company as of late 2010 made up UAH 36.84 billion.

Total accounts receivable as of late 2010 amounted to UAH 170.78 million, and current liabilities totaled UAH 1.946 billion.

As Ukrainian News earlier reported, SCM ended 2009 with a net non-consolidated profit of UAH 732.173 million.

SCM finished 2009 with consolidated profit before taxation of USD 283 million, having decreased its consolidated gross revenue, comparing with 2008, by 49% or USD 7.834 billion to USD 8.151 billion.

SCM owns and manages assets in the ore mining, metallurgical, energy, telecommunications, banking, insurance, media, retail, and real-estate industries.

Businessman Rinat Akhmetov owns 100% of the shares in System Capital Management.

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