Business news from Ukraine

“Dneprovagonremstroy” will allocate UAH 28 mln of profit to pay off past losses

19 March , 2024  

According to preliminary data, in 2023, Dniprovsky Passenger Car Repair and Construction Plant JSC (Dniprovagonrembud) received a net profit of UAH 27.76 million, which is 35.6% more than in 2022 (UAH 20.47 million).

According to the information in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) for the agenda of the company’s general shareholders’ meeting on April 18, the uncovered loss at the beginning of 2024 amounted to UAH 565.8 million.

As in the previous year, the shareholders plan to use the net profit received in 2022 to pay off the losses of previous years, and not to pay dividends.

According to the NSSMC, as of the third quarter of 2023, more than 98.8% of the shares of Dniprovagonrembud JSC belong to Unibudinvest, a venture closed-end corporate investment fund affiliated with businessman Leonid Yurushev.

According to the company, last year its current liabilities decreased by 11.7% to UAH 243 million, while long-term liabilities decreased by 30% to UAH 8.56 million.

The value of Dneprovagonrembud’s assets decreased by 6.3% to UAH 122 million, including total receivables, which increased by 28% to UAH 24.75 million.

The company’s equity is negative at UAH 129.6 million.

Dniprovagonrembud’s main specialization is the repair and manufacture of railway rolling stock and its components.

According to Clarity-project, the company increased its net sales revenue by 21.4% in 2023 to UAH 309 million by 2022.

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