Business news from Ukraine

Sukhaya Balka mine has allocated more than UAH 1 bln for dividends from 2008, 2010 and 2011 profits

18 July , 2023  

Shareholders of Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which is part of Oleksandr Iaroslavskyi’s DCH group, have allocated UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 for dividends.

According to the minutes of the extraordinary meeting of shareholders held remotely on July 10, a copy of which is available to Interfax-Ukraine, the payment of dividends to shareholders of the company for 2008, 2010, 2011 is made at the rate of UAH 1.2 per common share, including: 0.24 UAH for 2008, 0.23 UAH for 2010 and 0.73 UAH for 2011.

It is specified that a part of net profit received by the company by results of activity in 2008 in the amount of UAH 200 mln 973.01 thou., from profit for 2010 – UAH 192 mln 599.14 thou., from profit for 2011 – UAH 611 mln 292.91 thou. will be directed to dividends.

Sukhaya Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze.

DCH Group acquired the mine from Evraz Group in May 2017.

According to NDU data for the first quarter of 2023, Yaroslavskyi, who is designated as a non-resident of Ukraine (UK citizen – IF-U), directly owns 77.4193% of the mine’s shares, while resident individual Artem Alexandrov owns 20%.

The authorized capital of Sukhaya Balka PJSC is UAH 41.869 mln, the nominal value of a share is UAH 0.05.

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