Business news from Ukraine

Business news from Ukraine

Novoselivsky Mining and Processing Plant Reports 7.8% Decline in First-Half Profit

3 August , 2026  

PJSC “Novoselivsky Mining and Processing Plant” (NGZK, Kharkiv Oblast) saw its net profit decline by 7.8% in January–June of this year compared to the same period last year—to 12.480 million UAH from 13.536 million UAH.

According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period rose by 7.4%—to 112.440 million UAH.

Retained earnings as of the end of June 2026 amounted to 116.772 million UAH.

As previously reported, NGZK posted a net loss of 4.441 million UAH in January–March of this year, whereas in the same period last year it reported a net profit of 3.677 million UAH; revenue from ordinary operations for that period was 36.067 million UAH (47.396 million UAH).

According to the annual report, NGZK increased its net profit to 20.170 million UAH in 2025 from 18.938 million UAH in 2024. At the same time, revenue from ordinary operations for this period increased compared to 2024, rising to 190.631 million UAH from 168.553 million UAH.

In 2024, NGZK increased its net profit by 6.1% compared to 2023—to 18.938 million UAH, while net revenue rose by 11.6% to 168.553 million UAH.

The Novoselivsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel, and clay.

According to data from the National Securities and Stock Market Commission for the first quarter of 2026, Silica Holding LLC (Ukraine) owns 94.8205% of the public joint-stock company.

The authorized capital is 21.25 million UAH.

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