Ista Center (Dnipro), a producer of starter batteries, intends to use its net profit for 2021 in the amount of 154.85 mln hryvnia to cover the losses of the previous periods.
According to the draft decision of the general meeting of the company shareholders, scheduled for December 26, published in the NKTSBM disclosure system, Ista-Center does not plan to accrue and pay dividends.
According to the company’s information, net profit per one common share in 2021 was UAH 60.4 mln, whereas a year earlier it amounted to almost UAH 2.9 mln. Net profit in 2020 was 7.37 million hryvnias.
As of January 1, 2022, the company had retained earnings of 12.81 million hryvnias against an uncovered loss of 143.25 million hryvnias on the same date in 2021.
The shareholders also plan to approve the reports of the management bodies at the meeting, approve the main directions of development for 2022 and re-elect the supervisory board.
“Ista-Center”, operating since 1995, is one of the plants producing starter batteries in Dnipro (the other is DOZ “Energoavtomatika”).
According to the latest financial statement of the company, which was made public by the NCSSM, its net income in 2020 was 206.6 million hryvnias. By the beginning of 2021, the plant employed 135 people.
According to the NCSSM, as of the fourth quarter of 2021, Oberon-Center LLC (Dnipro) owns 40% of the shares in which, according to Opendatabot, over 75% belongs to Scotwind Limited, whose beneficiary is named Oleg Zimin; 23.0476% is owned by Battery Investment Corp. registered in Panama and 6.23% belongs to the Ista International Corporation (Belize).
Another 21.55% is owned by the state. As reported, the Ista Center was included in the list of facilities transferred by the Cabinet of Ministers to the State Property Fund for privatization, which was made public in August 2022.
