Cherkasy Bus JSC, according to preliminary data, ended 2024 with a net profit of UAH 122.08 million, which is 33% less than in 2023, according to the information on the agenda of the company’s general meeting of shareholders for the previous year.
According to the draft decision of the meeting scheduled for April 11, the shareholders intend to leave 95%, or UAH 115.98 million, of the profit at the disposal of the company, and 5% (UAH 6.1 million) to be allocated to the reserve fund.
As reported, based on the results of 2023, the shareholders of Cherkasy Bus also allocated net profit for development.
The meeting will, in particular, approve the planned profit target for 2025 in the amount of UAH 102.84 million.
According to Cherkasy Bus, as of the beginning of 2025, its retained earnings amounted to UAH 267.28 million (UAH 151.3 million a year earlier).
In 2024, the company’s assets increased by 40.6% compared to 2023 to UAH 1 billion 132 million, including total receivables, which decreased by 7.7% to UAH 315.7 million, while inventories increased by 74.5% to UAH 658.1 million.
The company increased its current liabilities by 51.4% to UAH 543 million and long-term liabilities by 17.3% to UAH 137.1 million.
Net profit per share of UAH 2 amounted to UAH 1.5, compared to UAH 2.24 a year earlier.
Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses) and other wheeled vehicles based on Japanese Isuzu units.
According to Clarity-project, in 2024, the company increased its net income by 2.6% compared to 2023, to UAH 1 billion 771 million.
According to the NSSMC, as of the third quarter of 2024, Oleksandr Dorosh, head of the Isuzu-Ataman Ukraine business, owns almost 42.29% of the shares of Cherkasy Bus, three individuals, including longtime Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two more – almost 5.4% and 8.25%.
The authorized capital of the company is UAH 162.97 million.
