Ukrainian Confectioner Konti Announces Plans To Boost Sales 30% yoy In 2007
21 March 2008
One of Ukraine’s largest confectioners Konti announced plans to increase sales by 30 yoy in 2007 to USD 356 mln. In 2006 Konti’s sales grew 50% yoy to USD 277 mln. In November, Ernst & Young completed an IFRS audit of the company which reported net profits USD 184.2 mln, in 2005 up 34.4% yoy from 2004. According to Konti’s Finacial Director Dmitri Kolesnik, the company’s move to report IFRS financials is part of its preparations for a new investment project involving foreign investors.
