UHL-Mash, a manufacturer of metal furniture for offices and retailers based in Kyiv, ended 2024 with a net profit of UAH 24.56 million and plans to leave it undistributed, according to the agenda of the general meeting of shareholders scheduled for April 28.
According to the draft decision of the meeting, it is planned to pay dividends in the amount of UAH 7.78 million from the retained earnings of 2016.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, 93.61% of the company’s authorized capital belongs to the Chairman of the Board Viktor Prikhodko.
The authorized capital of UHL-Mash JSC is UAH 460 thousand, with a share par value of UAH 20.
According to the company’s financial report for 2016, its net profit amounted to UAH 7.96 million, and retained earnings – UAH 19.45 million.
According to the Clarity Project, in 2024, the company’s revenue increased by 4.8% year-on-year to UAH 219 million, while net profit increased by 27.4%. Retained earnings at the beginning of this year amounted to UAH 159.6 million.
According to the company’s website, it was founded in 1994 on the basis of the Kyiv Research Machine-Building Plant.
The company produces metal office, office, industrial and laboratory furniture, equipment for car service stations, agricultural processing, safes, telecommunications and server equipment.
In 2003, the company organized a production complex for metal wardrobes and cellular cabinets in Boyarka.
Currently, the area of covered production facilities exceeds 16 thousand square meters. The company employs 350 people.
Among its regular customers are Privatbank, Metinvest, DTEK, and Interpipe.
India has opened its market to apples from Ukraine, the head of the State Service of Ukraine for Food Safety and Consumer Protection, Serhiy Tkachuk, said on Facebook.
“We have important news in the context of opening new foreign markets for the export of Ukrainian agricultural products. Recently, the first trial batch of Ukrainian apples arrived in the Republic of India. The Ministry of
Agriculture and Farmers’ Welfare of India has confirmed the successful completion of the inspection activities of this batch. The Indian side highly appreciated the quality of Ukrainian products and their compliance with the established requirements,” he wrote on Monday.
The head of the State Service of Ukraine for Food Safety and Consumer Protection noted that foreign partners positively assessed compliance with the criteria and requirements for the selection, pre-shipment storage, processing and transportation of Ukrainian agricultural products to India.
Tkachuk thanked the Indian side for the fruitful cooperation and expressed hope that it would continue.
The Head of the State Service of Ukraine for Food Safety and Consumer Protection assured that the agency, together with the Ministry of Foreign Affairs, will continue to work to expand opportunities for Ukrainian producers. “Support for the state’s economy and Ukrainian exporters is vital in the context of a full-scale war,” he summarized.
Exports of Ukrainian agricultural seeds have increased more than sixfold over the past five years, reaching $122 million in monetary terms from the initial $20 million, according to Oleksandr Zakharchuk, head of the investment and logistics department at the National Research Center “Institute of Agrarian Economics”.
“In 2025 and the following years, the existing trends are to increase exports by 10-15% annually and stabilize imports of agricultural seeds at the level of $350-400,” he said.
The scientist is convinced that the decrease in imports of grain and oilseed seeds is due to a number of factors, including the ability to produce conditioned hybrid seeds of foreign selection in Ukraine at new modern seed plants in Ukraine. This will be enough to meet both domestic needs and export to the EU.
In addition, he pointed to a decrease in seed consumption due to the reduction of commercial crops caused by Russia’s large-scale armed aggression against Ukraine, in particular, the temporary occupation of its territories and military operations.
“The consequences of Russia’s full-scale invasion of Ukraine, in particular, the temporary occupation of its territories, led to an increase in the plantings of certain niche grains and oilseeds. This, in turn, has led to an increase in imports of seeds of such crops as rye, oats, sorghum, flax, hemp, mustard, as well as sugar beets and vegetables in the period 2022-2024,” Zakharchuk stated.
The price of gold has exceeded $3,110 per ounce for the first time, and silver is trading at its highest level in 13 years due to increased investor interest in safe-haven assets amid tense global trade, Trading Economics reports.
US President Donald Trump is expected to unveil a plan on Wednesday to increase import duties on products from a number of countries.
Quotes of April gold contracts on the Comex exchange on Monday rose by 1% to $3118 per ounce. Since the beginning of this year, the rise is about 18%, a record quarterly increase since 1986.
Goldman Sachs analysts expect prices to reach $3300 per ounce by the end of the year.
Silver rose by 0.6% to $34,855 per ounce.
Korosten Chemical Engineering Plant JSC (Khimmash, Zhytomyr region) ended 2024 with a net profit of UAH 4.22 million, which is 2.4 times less than the same figure for 2023 (UAH 10.18 million), according to the information on the agenda of the general shareholders’ meetings for 2023 and 2024.
According to the draft resolutions of the meeting scheduled for April 29, it is planned to allocate 5% of net profit for each year (UAH 0.51 million for 2023 and UAH 0.21 million for 2024, respectively) to the company’s reserve fund, while UAH 9.67 million and UAH 4 million will be used to cover losses of previous years.
The shareholders also plan to approve the company’s financial and economic results for two years, reports of the management bodies, and give preliminary consent to a number of transactions.
Founded in 1949, Khimmash specializes in the manufacture of heat exchangers, condensers, refrigerators and evaporators for the oil refining, petrochemical and chemical industries, air cooling units, refrigeration and cryogenic equipment, and heating boilers.
According to the company’s website, in 2024, the plant increased production by 53.5% and exported almost 50% of its products.
“The main task in 2025 is to maintain and increase the achieved result. We plan to gradually upgrade and modernize industrial equipment and expand production capacity. A significant amount of investment will be directed to increase the construction of solar power plants,” the website says.
According to the company, in the fall of 2024, it launched the second stage of its own solar power plant, and currently has two substations with a total capacity of 420 kW, which allows it to fully provide electricity for the production cycle.
Helios Strategia (Dnipro) was the contractor for the construction of the solar power plant. The plants are currently operating on a backup basis only.
According to the National Securities and Stock Market Commission, as of the third quarter of 2024, more than 98% of the authorized capital of Khimmash JSC belongs to the local Tis-Company LLC, and the ultimate beneficiary, according to the Clarity Project, is entrepreneur Motrona Tyshchenko, who, in particular, is the beneficiary of the Zhytomyrski Lasoshchi Trading House.
In 2024, the Korosten-based Khimmash plant increased its revenue by 17% compared to 2023, to UAH 167 million.