OREANDA-NEWS. March 18, 2010. System Capital Management will hold the General Meeting of Shareholders in Donetsk.

The agenda of SCM's General Meeting of Shareholders covers a number of issues including approval of the financial and economic performance, financial reporting of the Group in 2009, as well as distribution of profit earned in 2009.

According to SCM's financial statements (non-consolidated, excluding financial performance of the SCM Group companies), net profit of the Company in 2009 amounted to about UAH 732.1m (in 2008 SCM's profit made around UAH 184.5m).

Also, according to the reporting, in 2009 SCM's long–term financial obligations shrank by over UAH 650m.

"In 2009 we focused on liquidity of each company in the Group, including SCM, business sustainability, ability to meet our obligations in time and in full", said Oleg Popov, SCM's Chief Executive Officer. “Now, summing up 2009 -the year of the crisis - we can say with confidence that SCM Group has passed the strength test: amidst unfavourable financial and economic environment we ensured stability of our business, improved financial indicators, as well as retained our most valuable asset - trust of our partners and investors".