JSC Dnipropetrovsk Aggregate Plant, according to preliminary data, received a net profit of UAH 170,000 in 2019, compared to UAH 480,000 in 2018.
According to the information on the agenda of a general shareholders’ meeting scheduled for April 16, retained earnings by the beginning of 2020 amounted to UAH 2.79 million, one third less than in 2019.
According to the draft agenda for the shareholders’ meeting, the net profit received will be directed to the development of production.
According to financial indicators, the plant’s current liabilities increased by 9.3%, to UAH 255.4 million, but long term liabilities decreased by 88.4%, to UAH 15.68 million for 2019.
The company’s assets decreased by 13.8%, to UAH 389.6 million, including the total receivables amounted to UAH 109.51 million, what is 15% less.
The net worth of the plant as of January 1, 2020 amounted to UAH 118.52 million, including the charter capital of UAH 8.2 million.
JSC Dnipropetrovsk Aggregate Plant, founded in 1927, is currently specializing in manufacturing high-precision mechanics, precision hydraulics and special electric drives for various industrial sectors.
According to the enterprise’s financial report for 2018, more than 40% of the production volume came from the manufacture of hydro-emulsion equipment for mining equipment, and about 24% from aviation and special-purpose products (various pumps, electric motors, generators), which previously occupied a predominant share.
“Due to the loss of traditional (mainly in the Russian Federation) sales markets, the output of special products has significantly decreased over the past five years,” the plant’s representatives said.
The company’s net income in 2018 decreased by 22.3% compared to 2017, to UAH 327.54 million. By the beginning of 2019, the plant employed more than 2,000 people.
According to the National Commission on Securities and the Stock Market for the fourth quarter of 2019, some 37.9466% of the shares of the plant belong to Yevhen Morozenko, the chairman of the supervisory board (the Ukrainian MP from the Party of Regions in 2012-2014), 19.1847% to Volodymyr Yatsuba (Head of Sevastopol City Administration until February 2014), another 19.18.47% to his son Andriy Yatsuba.
