Bogdan Motors' revenues in 2019 increased by more than 2200%

 

 Revenues of PJSC Bogdan Motors Automobile Company, together with its subsidiaries, increased by 2258% in 2019 - from UAH 25 million in 2018 to UAH 609 million in 2019, as evidenced by the published financial statements of the company.
with reference to UMP.

The annual information of the issuer of securities for 2019 was posted on the website of the Private Joint-Stock Company Bogdan Motors Automobile Company on December 24, 2020.

In particular, according to the consolidated statement of financial performance (Statement of comprehensive income) for 2019 - Form №2-k, the net income of PJSC JSC "Bogdan Motors" (with subsidiaries) amounted to UAH 1.78 billion, which is 82% more for the previous year, 2018 (974.7 million). The joint-stock company also received 703 million profit from operating activities.
 bogdan.com.ua

Net profit (remaining after operating expenses and taxes) amounted to UAH 609.2 million against UAH 25.8 million in 2018 (an increase of 2258%).

The cost of production in 2019 amounted to UAH 1.46 billion. Wage costs UAH 216 million (increased by 54% compared to 2018).

Consolidated statement of financial performance (Statement of comprehensive income) for 2019 (thousand UAH):

Note that the consolidated financial statements are statements that show the financial condition, results of operations and cash flows of a legal entity and its subsidiaries as a single economic unit.

Bogdan Motors Automobile Company Private Joint-Stock Company is the founder of:

    Subsidiary enterprise "Auto Assembly Plant № 1" of the Joint-Stock Company "Automobile Company" Bogdan Motors ", which is located at: Ukraine, 43010, Volyn region, Lutsk, st. Rivne, 42;
    Subsidiary company "Avtoskladalny Zavod № 2" JSC AK "Bogdan Motors", which is registered at: Ukraine, 04176, Kyiv region, Kyiv, st. Electricians, 29-A and is located: 18029, Cherkasy, street Sumgaitskaya, 8/2;
    Subsidiary enterprise "Scientific and Technical Center" LuAZ "OJSC" Lutsk Automobile Plant ", which is located at: Ukraine, 43010, Volyn region, Lutsk, st. Rivne, 42;
    Subsidiary enterprise "Leisure Center" OJSC "Lutsk Automobile Plant", which is located at: Ukraine, 43010, Volyn region, Lutsk, st. Rivne, 42.

Trolleybus Bogdan T70117 manufactured by Bogdan Motors

If according to the results of 2018 the company ranked 16th in the TOP defense-industrial companies - 2019 - the rating of Ukrainian enterprises that produce products (provide services) for military and dual purposes, in the TOP defense-industrial companies - 2020 (according to the results of 2019) Bogdan Motors will definitely take one of the leading positions.


In the published reporting for 2019, it is mentioned that PJSC "Bogdan Motors", one of the most dynamic companies in Ukraine, combines facilities for the production of buses and trolleybuses, cars, trucks, commercial and specialized equipment, and also has its own extensive trade and service network.

The company in its structure combines companies that manufacture, sell, and provide warranty service of vehicles of all types.