Metinvest-Kryvyi Rih Repair and Mechanical Plant (KRMZ) reduced its net loss by 17% in January-September this year compared to the same period last year, to UAH 22.925 million.
According to the company’s interim report, available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 6.806 million.
Revenue for this period fell 3.9 times, to UAH 101.959 million from UAH 397.352 million.
The uncovered loss at the end of September amounted to UAH 1 billion 114.641 million.
The plant ended 2024 with a loss of UAH 33.950 million, while in 2023 it reached UAH 273.849 million. In 2022, this figure was UAH 423.040 million, while in 2021, a net profit of UAH 394.714 million was received.
Metinvest-Kryvyi Rih Repair and Mechanical Plant LLC manufactures and repairs equipment for the mining and metallurgical enterprises of the Metinvest Group. It has a closed-cycle metallurgical complex at its disposal. The plant produces parts from more than 40 grades of steel and alloys, assembles and welds products from sheet and rolled steel.
The enterprise was established in 1963 under the name Kryvyi Rih Central Ore Repair Plant. In December 2016, KRMZ joined the Metinvest Group.
Metinvest Holding LLC owns 100% of Metinvest-KRMZ LLC.
The LLC’s authorized capital is UAH 46,000.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine, in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions, as well as in European countries.
The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
