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11:34
NOVA LINIA TO OPEN HYPERMARKET IN KHERSON ON AUGUST 1, STORE OPENING IN BUCHA POSTPONED FOR LATE 2009

Kyiv, July 31 (Interfax-Ukraine) - Kyiv-based CJSC Nova Linia, which owns a construction materials hypermarket chain, on July 31 held a VIP ribbon-cutting ceremony for a hypermarket located in Kherson at 37, Neftianikov Street, while the official opening is to take place on August 1, 2009.

The company told Interfax-Ukraine that the hypermarket of 15,000 square meters would be the 14th store of the chain in Ukraine.

The company did not disclose investment in the opening of the hypermarket.

The company also said that the opening of a hypermarket in Bucha in Kyiv region scheduled for September was postponed until the end of 2009, as all efforts of the company were directed to the opening of the hypermarket in Kherson.

Earlier, the company assessed investment in the opening of the two hypermarkets at some $27 million.

CJSC Nova Linia (Kyiv) in 2008 saw a net profit of UAH 60.812 million, which was 57.7% up on the 2007 figure. Its net income last year almost doubled, to UAH 2.238 billion. The company's total profit in 2008 was UAH 532.98 million. Nova Linia also increased goods turnover by 80% in 2008, to UAH 2.7 billion.

Currently the Nova Linia chain includes 14 stores in Kyiv (2), one each in Boryspil and Chabany (both in Kyiv region), and stores in Kharkiv, Dnipropetrovsk, Odesa, Zaporizhia, Lviv, Lutsk, Simferopol, Kremenchuk, Uzhgorod and Kherson.

CJSC Nova Linia was founded in 2000. In 2001, the company opened its first supermarket for the sale of construction materials in Kyiv.

By November 13, 2008, the major shareholders in the company were an individual with a 24.15% stake, Coch Investments Limited with 19.57%, Sherborne Invest Limited with 19.4% (both registered in the British Virgin Isles), Concentra Limited (Cyprus) with 14.7%, and CJSC Citibank (Russia) with 12.24%.
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