Business news from Ukraine

Business news from Ukraine

Profit of Ukroptbakaliya fell 4 times in 2024

29 March , 2025  

PJSC Ukroptbakaliya, a producer of spices and food additives, earned UAH 1.565 million in net profit in 2024, which is four times less than in 2023.

According to the agenda of the annual general meeting of shareholders scheduled for April 29 this year in remote mode, based on the results of the company’s financial and economic activities in 2024, it is proposed to approve a profit of UAH 1.565 million, which will be left undistributed, and accordingly, no dividends will be accrued or paid.

The shareholders intend to summarize the results of the past year, review the report of the company’s management board for the past year and make a decision based on the results of its consideration. They also plan to extend the work of the full Supervisory Board for three years, in particular, Vladimir Yarandin and Sergey Zaitsev, representing the shareholder Ukrainian Confectionery Holding LLC, and Valentina Vyshnevskaya, representing the shareholder Roshen Management Company.

In addition, the shareholders will be asked to give their consent to the company’s entering into significant transactions within one year, the nature of which is related to the issuer’s financial and economic activities and the value of which exceeds 25% of the value of assets with a maximum amount of UAH 2 billion.

According to the Opendatabot service, in 2024, PJSC Ukroptbakaliya reduced its revenue by 14.7% to UAH 89.44 million and its debt obligations by 14.1% to UAH 42.153 million. The company’s assets decreased by 4.8% to UAH 104.653 million, and the number of employees decreased by nine to 96. The authorized capital is UAH 23.667 million.

PJSC Ukroptbakaliya was founded in 1995 in Chernihiv. The company specializes in the production of spices and seasonings, which it sells under the Mriya trademark. In 2010, the company upgraded its equipment and premises, and launched a new spice packaging line. The products are packaged on Czech equipment, except for spices and seasonings, which are packaged on Italian equipment.

The ultimate beneficial owner of the company is the son of the former President of Ukraine Oleksiy Poroshenko through Roshen Confectionery Corporation (74%) and Ukrainian Confectionery Holding LLC (19%).

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