Concern-Electron JSC (Lviv) ended 2024 with a consolidated net profit of UAH 56.85 million, which is more than 3.3 times higher than in 2023, according to the concern’s financial statements.
According to the consolidated financial report for 2024 published on the concern’s website, revenue for the past year increased by 34.5% to UAH 749 million.
According to the draft decisions of the general meeting of shareholders scheduled for April 28, the concern plans to allocate UAH 15 million to pay dividends at the rate of UAH 1 per share (par value UAH 3.5).
As reported in 2023, the company paid dividends to shareholders at the rate of UAH 0.5 per share, totaling UAH 8 million out of a net profit of almost UAH 17 million.
The shareholders plan, among other things, to re-elect Yuriy Bubes, President of Concern-Electron, for a new term.
As of the beginning of this year, Concern-Electron’s shareholders numbered 20,448 thousand people, with the following holders of more than 5% of shares: Yuriy Bubes, President and Chairman of the Board (5.6%), Serhiy Medvedev, Chairman of the Supervisory Board (5.05%), Victoria Starodub (11.5%) and Mykhailo Sholomytsky (6.43%).
Concern-Electron Group, in addition to the parent company, includes 12 assets, and employed 669 people at the beginning of 2024 (688 a year earlier). In particular, according to the report, the net profit of the parent company Concern-Electron JSC amounted to UAH 52.14 million (almost 4 times more) on revenue of UAH 0.38 million.
One of the main assets of the concern, vehicle manufacturer Zavod Elektronmash LLC, in which Concern-Electron JSC holds a 55% stake, showed an 87.7% increase in net income to UAH 244 million, and net profit amounted to UAH 0.06 million compared to UAH 0.9 million a year earlier.
Another major asset, Spheros-Electron Plant LLC, a manufacturer of heaters and heat exchangers for cars, in which the parent company holds an 80% stake, showed a 32.5% increase in net income to UAH 221.8 million. At the same time, net profit increased by 19% to UAH 29.6 million.
The group’s top three companies in terms of net income last year also included Innovative and Industrial Enterprise Electron, which leases equipment and vacant premises in office business centers, as well as production and warehouse facilities. The company increased its revenue by 12% to UAH 114.3 million, earning UAH 5.4 million in net profit.
Another major subsidiary, Polymer-Electron Plant (production of plastic and expanded polystyrene products), ended 2024 with a loss of UAH 1 million against a net profit of UAH 1.2 million in 2023, with revenue up 4% to UAH 83.5 million.
