Vinnifrut decreases revenues 4.2% yoy in 2008

Vinnifrut (VINIP), the Ukrainian juice producer, reported yesterday in a company filing that it decreased net revenues by 4.2% yoy to UAH 174.6 mln in 2008. The company said that its operating profit at yearend was down 2.6x yoy to UAH 9.7 mln and that it ran a UAH 104.3 mln net loss in 2008 (vs. net income of UAH 450 ths in 2007). Vinnifrut said its current liabilities were up 4.5% yoy in 2008 to UAH 242.9 mln and non-current liabilities down 28.4% yoy to UAH 115.4 mln.