Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, increased its net profit by 20.8% year-on-year to UAH 8.936 million in January-June this year.
According to the company’s interim report, net income increased by 8% to UAH 1 billion 756.245 million in the period under review.
At the same time, the company’s retained earnings amounted to UAH 271.984 million at the end of June.
As reported, in the first quarter of 2025, Dneprometiz-TAS increased its net profit by 0.6% compared to the same period in 2024 to UAH 3.938 million, while net income decreased by 0.58% to UAH 778.319 million.
“In 2024, Dneprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net revenue increased by 22.7% to UAH 3 billion 285.688 million. At the same time, the company’s retained earnings amounted to UAH 263.048 million at the end of 2024.
“In 2023, Dneprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Last year, net income increased by 8.2% to UAH 2 billion 677.836 million.
“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.
The company is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
