Strange financials from the one of the biggest Kiev developers

I found pretty funny information about Liko Holding financial statement. Info provided by Ukrainian News. Everyone who involved in development in Kiev market should Laughing Over Load.

Kyiv-based Liko Holding company ended 2006 with a loss of UAH 0.37 million.

The company disclosed this in a statement, text of which Ukrainian News has.

At the same time, in 2006, the company increased net profit by 4.3 times, compared to 2005 to UAH 74.48 million.

The company ended 2005 with a net profit of UAH 2.47 million and net revenues of UAH 17.38 million.

As Ukrainian News earlier reported, the company had agreed with Ukrprombank on housing crediting.

Liko Holding is registered as a limited liability company and provides construction mainly in Kyiv.