In January-September 2023, Dnipro Aggregate Plant JSC (DAP, Dnipro) increased its net income from sales by 72% compared to the same period in 2022, to almost UAH 235.6 million.
According to the company’s published interim reports in the NSSMC disclosure system, its net profit more than doubled to UAH 69.4 million.
The plant earned UAH 100.16 million in operating profit in the reporting period (up twofold), while gross profit amounted to UAH 131.15 million (+39.6%).
As reported, in the first half of this year, DAO increased its net profit by 8.3% to UAH 33.83 million, while net revenue grew by 46% to almost UAH 132 million.
Thus, in the third quarter of 2023, net profit increased 15.3 times year-on-year to UAH 35.6 million, and net income increased 2.2 times to UAH 103.6 million.
At the same time, the report notes that Russia’s military aggression against Ukraine remains the main risk factor, “which continues to affect inflationary processes, which is reflected in rising prices for materials, equipment and energy resources, reducing the possibility of cash flow in case of an increase in the need for them.”
At the same time, the document says, SAZ is taking steps to increase return on equity by optimizing the structure of debt and equity to ensure business continuity.
According to the company’s previously announced plans, one of the key factors for its development in 2023 is to expand its order book by 1.5 times by 2022.
DAZ is an enterprise with many years of experience in manufacturing aircraft products, as well as hydraulic equipment for mines and general engineering products (fuel and other liquid pumps).
Most of its products are sold in Ukraine, but in recent years, supplies to the EU have increased significantly.
As reported, in 2022, the plant earned UAH 36.72 million in net profit, up 15.6% year-on-year, with net income up 1.4% to UAH 175.56 million.
