At their AGM, Balcem shareholders adopted the results from a subscription for an additional share emission. The attracted money will be used to boost working capital. The company also reported an increase in cement production by 48.4% yoy in October to 242.7 ths mt. Last year Balcem increased net revenues by 25.1% to USD 45.9 mln, and posted net loss of USD 5.4 mln. Almost 97% of Balcem’s shares belong to Eurocement group (Russia), which also recently bought a ~90% stake in the Kramatorsk Cement Plant, Pushka.