Dnipropetrovsk Aggregate Plant JSC (DAP, Dnipro) finished January-September 2022 with net profit of UAH 33.57 mln, a 14.8% increase from the same period of 2021.
According to the financial statements of the company, published on Monday in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net profit increased by 6.7%, to 136.95 mln hryvnia.
The plant received almost UAH 50 mln of profit from operating activities, compared to UAH 43.6 mln a year earlier, while gross profit increased by 11.4% up to UAH 93.9 mln.
As it was reported, in the first half of the year DAZ increased its net profit by almost 40% against the same period of 2021 – up to UAH 31.25 mln, and net profit increased by 8% up to UAH 90.37 mln.
DAZ reduced its net profit almost threefold compared to July-September 2021, to UAH 2.32 mln, while its net profit increased by 4.2% to UAH 46.58 mln.
The company notes that in the third quarter inflationary processes continued, leading to higher prices for materials, equipment and energy resources, which reduces the ability to receive funds at a time when the need for them is growing.
DAZ also reminds that due to military aggression of the Russian Federation and introduction of martial law in Ukraine, production volumes and payments for manufactured products decreased, which negatively affects the financial condition of the company.
Founded in 1927, DAZ specializes in the production of aircraft equipment, hydraulic equipment for mines and general technical products. At the enterprise the complete cycle of aviation units production is created.
By the beginning of the current year the company employed more than 600 people.
In 2021, its net income increased by 17% to 173 million hryvnias, and its net profit by 17 times to 31.8 million hryvnias.
