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10:14
RUSSIA'S INDUSTRIAL CONCERN BUILDS UP 99.99% IN KYIV PLANETA-BUD CONSTRUCTOR

Kyiv, July 29 (Interfax-Ukraine) – Russia's Industrial Concern has built up a 99.99% stake in Kyiv-based CJSC Planeta-Bud.

According to a report of Planeta-Bud posted at the State Commission for Securities and the Stock Market, earlier Cyprus-based Vilmorin Holdings Limited owned a 95.85593% stake in the company, Serhiy Moshensky – 4.1368% and Petro Borodaty, Olha Siniahina and Tetiana Valkovych – 0.00122% each.

The agency failed to learn whether Industrial Concern Ltd. is affiliated with Vilmorin Holdings Limited.

The net losses of Planeta-Bud in January to June 2009 came to UAH 173.034 million, while its net profit year-over-year stood at UAH 1.737 million. The company's net income in H1, 2009 jumped 3.5 times, to UAH 182.302 million.

As reported, CJSC Planeta-bud in 2008 saw its net profit fall by 57.8% year-on-year, to UAH 3.511 million. The net sales income of the company last year grew by 81.8%, to UAH 159.774 million.

CJSC Planeta-bud was founded in 1998. It is a part of Planeta group of companies (Kyiv). It is an operator on the construction and maintenance market.

Over the last five years, the company has designed and reconstructed the building of the Ministry of Transport of Ukraine, the House of Art Collectives of Ukraine, the railway terminal in Kyiv, railway stations in Bakhmach, Shepetivka, Yahotyn, Dnipropetrovsk, Mohyliv-Podilsky, and constructed an office center for the Kyivstar GSM company.
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