JSC “Factory of sparkling wines “New world” (the village of Novyy Svet, Crimea) in 2018 has received a net profit in the amount of 152,88 mln, which is 47% higher than in 2017, according to the materials of the analytical system “SPARK-Interfax”.

The company’s revenue for the year increased by 26% to 541,03 million rubles, cost of sales by 22% to 272,33 million rubles, gross profit – by 30%, to 268,70 million.

Commercial expenses increased by 40% and amounted to 34.94 million rubles for small (0.4 percent) increase in administrative expenses, to 46.08 million. Profit from sales increased by 38% to 187,68 million.

The plant has not commented on its financial results, said to “Interfax” the representative.

The company was founded in 1878 by Prince Lev Golitsyn as plant for the production of sparkling wine in the acquired possessions in a New Light.

In the summer of 2017, the company has changed the form of property of state unitary enterprises into joint-stock company and moved from under the control of the Ministry of agriculture of Crimea to minimushestvo region for further sale.

The structure of Bank “Russia” – LLC “southern project” (Saint-Petersburg) – in December of the same year bought 100% of shares of JSC “Factory of sparkling wines “New world” for 1.5 billion rubles.

The representative of the management company brewery – “Agrotrust” – told “Interfax” in April 2019 that the “New Light” in 2018, produced nearly 1.5 million bottles of wine in 2017 1.26 million (an increase of 19%).

The plant plans in the coming years to double the production of sparkling wines – up to 3 million bottles per year, and in the long term to increase production to 5 million




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