In 2024, Dneprovsky Rifle Plant JSC (DnSZ, Dnipro) increased its consolidated net income by 29.3% compared to 2023, to UAH 2 billion 380 million.
According to the company’s consolidated financial report published on its website, net profit amounted to UAH 540.41 million (in line with previously published preliminary data), which is 5.2% more than in 2023.
The plant received UAH 647.75 million in profit from operating activities, up 5%, and gross profit increased by 11.6% to UAH 906.6 million.
Equity capital at the beginning of this year amounted to UAH 2 billion 474 million.
Over the year, the company reduced long-term liabilities by 22.3% to UAH 132.14 million, while current liabilities grew slightly (by 3.6%) to UAH 385.2 million.
DnSZ specializes in the production and sale of track superstructure elements: switches, blind crossings of various brands, and leveling devices. The products are sold mainly in Ukraine and exported to more than eight countries.
According to the report, as of the end of 2024, 20.154% of DnSZ shares are owned by Johnen Capital Limited (Cyprus), 5% is owned by Dnipro City Council member Zahid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of shares, respectively, and another 18.2959% is owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF-U).
Among the shareholders who own more than 5% of the shares of DnSZ JSC are also the Chairman of the Board Sergiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valery Kryachko (7.3%).
As of December 31, 2024, the company owned 100% of the capital of its subsidiary Dnipro S&C Trade (Switzerland).
In 2024, DnSZ’s unconsolidated profit increased by 6.7% to UAH 544.2 million, with revenue growing by 31% to UAH 2 billion 346 million.
The number of employees of the plant amounted to 622 people (6 more than in 2023).
As reported, the general meeting of shareholders of DnSZ JSC was scheduled for March 26, where, in particular, it was planned to distribute the net profit received – to allocate UAH 420 million to pay dividends at the rate of UAH 1.65 thousand per share. The minutes of the meeting have not yet been made public.
