OREANDA-NEWS. Belarus’ OJSC Krinitsa reduced a net loss of Br28.883 billion (USD 3.32 million) in 2012, seven times down from the 2011 level, according to the accounting balance sheet published by the producer.

Krinitsa’s revenues grew 51.5% on the year to reach Br584.844 billion (USD 60.997 million),).

Non-current assets of the company grew from Br609.458 billion (USD 70.13 million) in early 2012 to Br735.596 billion (USD 84.65 million) in late 2012.

Current assets stood at 229.692 billion rubles (USD 26.43 million) in late 2012 up from Br160.179 trillion (USD 18.43 million).

Krinitsa was founded in January 2001. OJSC Polotsk Beer and Nesvizh soft drinks plant were incorporated by OJSC Krinitsa and now operate as subsidiaries. The government holds an 84% stake in OJSC Krinitsa.