Dnipropetrovsk Aggregate Plant JSC (DAZ, Dnipro) increased net income from product sales by 46.1% in January-June 2023 compared to the same period of 2022 – almost to UAH 132 million.
According to the company’s interim statements released on Thursday in the information disclosure system of the National Securities and Stock Market Commission (NSCMC), its net profit increased by 8.3% to UAH 33.83 million.
The plant earned UAH 52.63m in operating profit (up 19.6%), while gross profit amounted to UAH 72.33m (+15%) during the reporting period.
As reported, in the first quarter of this year DAZ reduced net profit by 23.6% to January-March 2022 – to UAH 14.06 mln, while net income grew by 8% – to UAH 55.47 mln.
Thus, in the second quarter of 2023 the plant increased net profit by more than 54% to the same period of 2022 – up to UAH 19.77 mln, and net income – by 96.3%, up to UAH 76.52 mln.
One of the key factors of development in 2023, according to the previously announced plans of DAZ, the company considers the expansion of the order portfolio by 1.5 times by 2022.
At the same time, the report notes that the main risk factors for the company remain the military aggression of the Russian Federation against Ukraine, which resulted in instability of the production process; high transportation costs in case of failure of delivery terms; high interest rates on loans, etc. The report also notes that the main risk factors for the company are the military aggression of the Russian Federation against Ukraine, which resulted in instability of the production process.
DAZ is an enterprise with many years of experience in manufacturing aircraft products, as well as hydraulic equipment for mines and general technical products (fuel and other liquid pumps).
Most of the products are sold in Ukraine, but in recent years supplies to EU countries have grown significantly.
According to the data of the National Commission on Securities and Stock Market for the second quarter of 2023, the head of DAZ JSC’s nabsovet Eugene Morozenko owns 37.9466% of the authorized capital, board member Andriy Yatsuba and shareholder Volodymyr Yatsuba – 19.1847% each.
As reported, in 2022 the plant received UAH 36.72 mln of net profit – 15.6% more than a year earlier, while net income grew by 1.4% to UAH 175.56 mln. The profit received was used for the development of production.
Dnepropetrovsk Aggregate Plant
