JSC Dniproazot (Kamensk, Dnipropetrovsk region) reported a loss of UAH 1.329 billion for 2024 and does not plan to consider profit distribution or pay dividends.
According to a publication in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), at the annual general meeting, which will be held remotely on August 28, shareholders will be asked to approve the supervisory board’s report for 2024 without comments or additional measures, to recognize the supervisory board’s activities as satisfactory and to approve its work as consistent with its powers, goals, objectives, and areas of activity.
In addition, shareholders are invited to take into account the conclusions of the audit report of Standard-Audit LLC on the audit of the financial statements of JSC Dniproazot for 2024, but not to approve any specific measures in this regard. Instead, they want to oblige the Supervisory Board not to renew the contract with this audit company and to find another auditor.
The General Meeting will also amend the provisions on the remuneration of members of the company’s management bodies, in particular the Supervisory Board and the Management Board.
The shareholders will hear the management board’s report on the results of the reduction of the equity capital of JSC Dniproazot and instruct the chairman of the management board to file a petition with the commercial court to initiate preventive restructuring proceedings and bankruptcy proceedings against JSC Dniproazot.
At the end of the general meeting, the shareholders will consider the issue of liquidating JSC Dniproazot in accordance with and in compliance with the requirements of Part 2 of Article 16 of the Law of Ukraine “On Joint Stock Companies.”
Dniproazot JSC is a chemical company in Ukraine, a major producer of ammonia and nitrogen fertilizers, specializing in the production of ammonia, urea, caustic soda, chlorine, and hydrochloric acid. It was founded in 1996 and is one of the five largest chemical companies in the country.
Currently, it is the only company in Ukraine that produces liquid chlorine, which is used for sterilizing drinking water and treating wastewater. Over 80% of its products are supplied to countries in Europe, Asia, and Latin America.
According to Opendatabot, in 2024, Dniproazot reduced its revenue by 7.6 times to UAH 184.05 million, its debt obligations by 4.2% to UAH 1.3 billion, and increased its net loss by 5.4 times to UAH 1.349 billion. Its assets are estimated at UAH 1.553 billion, compared to UAH 2.904 billion a year ago. The number of employees decreased by 440 to 2,636.
The beneficiaries of the company are Dimsy Equities Ltd (23%), Celastrina Trading Co. Limited (7.38%), and Dzer
Dniproazot, loss
