Dnipropetrovs’k Rolling Mill JSC (DZPV) ended 2024 with a loss of UAH 58.32 million, which is 2.5 times higher than in 2023, according to the information on the agenda of the company’s general meeting of shareholders scheduled for April 29.
According to the draft decision of the meeting, the loss is planned to be covered by profits of future periods.
“Dividends based on the results of the financial and economic activities of JSC “RPE” for 2024 shall not be accrued and paid due to the lack of net profit,” the draft decision says.
The owners of equal stakes in DZPV JSC (49.669% each) are a large manufacturer of iron castings, Ferrum-Steel LLC (Novomoskovsk, Dnipro region), and a distributor of spare parts for agricultural machinery, Kewpart LLC (Dnipro).
As reported, Kewpart and Ferrum-Style recently announced their intention to compulsorily buy out minority shares through a squeeze-out procedure at a price of UAH 18.21 per share with a par value of UAH 1.05.
The relevant public irrevocable request to buy back shares from minority shareholders was sent to the company on March 17.
Founded in the late 19th century, DZPV produces cast iron rolls for hot rolling mills, non-metallurgical rolls, and cast iron grinding balls.
The plant’s net income, according to the Clarity-project, decreased by 48.6% in 2024 compared to 2023, to UAH 58.45 million (in pre-war 2021, this figure was UAH 288 million).
