In January-March this year, Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, reduced its net profit by 4.5 times compared to the same period in 2023, to UAH 3.915 million from UAH 17.581 million.
According to the company’s interim report, net income increased by 14.5% to UAH 782.886 million in the period under review.
At the same time, the company’s retained earnings amounted to UAH 252.814 million by the end of March 2024.
As reported, in the first quarter of 2023, Dneprometiz earned a net profit of UAH 17.581 million, while it ended the same period in 2022 with a net loss of UAH 8.645 million, with net income increasing by 54% to UAH 683.802 million.
“In 2023, Dneprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Last year, net income increased by 8.2% to UAH 2 billion 677.836 million.
“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.
The company is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.
According to the annual report, the general meeting of shareholders of the company on August 4, 2023, decided to liquidate Dneprometiz PrJSC by transforming it into Dneprometiz-TAS LLC (with a change of name). The state registration of the LLC as a result of the transformation took place on December 4, 2023.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
