Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, reduced its net profit by 2.9% compared to the same period last year, to UAH 11.727 million, according to the results for January-September of this year.
According to the company’s interim report, net income for the period increased by 7.5% to UAH 2 billion 607.402 million.
At the same time, the company’s undistributed profit at the end of September amounted to UAH 274.763 million.
As reported, in 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net income increased by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.
According to the results of 2023, Dniprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Over the past year, net income increased by 8.2% to UAH 2 billion 677.836 million.
Dniprometiz reduced its net profit sixfold in 2022 compared to the previous year, to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.
