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Posted On

28
October
2021

Pharma company Monfarm sees net profit rise by 85% in Q3 2021

KYIV. Oct 28 (Interfax-Ukraine) – Pharmaceutical company Monfarm (Cherkasy region) in July-September 2021 increased its net profit by 85.4% compared to the same period in 2020, to UAH 13.731 million.

According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission, its net income in the third quarter increased by 16.93%, to UAH 139.856 million.

PJSC Monfarm was created in 1994 through corporatization and privatization of the state-owned enterprise Monastyrysche Pharmaceutical Plant, organized in 1986 on the basis of a distillery, as part of Kyiv pharmaceutical association Darnitsa.

Monfarm specializes in production of suppositories and tablet medicines, has more than 70 names of medicines of various pharmacotherapeutic groups.

According to the State Register, the ultimate beneficiary of the company is Yakiv Kuznetsov.