OREANDA-NEWS. May 10, 2012. SCM managing company submitted its 2011 information regarding issue of securities to the National Commission on Securities and Stock Market as required by law.

The document contains general information about SCM, its shareholders, executive officers, corporate governance principles and securities, and reveals the Company’s financial performance in 2011.

According to the data of SCM financial statements (non-consolidated, excluding financial performance of the SCM Group companies) net profit of the Company in 2011 amounted to about UAH 342.3 million (in 2010 net profit of SCM made around UAH 3,716.9 million).

The difference in net profit ratio comes from the fact that net profit of SCM in 2010 included profit generated by SCM from transfer of shares to its industrial holdings (the Group was completing its corporate restructuring) at the current market price. According to the national reporting standards, the difference between the current price of shares and their market price at the time of their acquisition shall be deemed as the company’s profit.

SCM Group’s consolidated reports will be published by the end of H1 2012.