Fozzy Group PJSC (Vyshneve, Kyiv region), which is part of Fozzy Group trading and industrial group (TIG), is going to pay out UAH 120 mln in dividends to its shareholders in 2021.
According to the company’s announcement made by the National Securities and Stock Market Commission (SSMSC) about the December 12 annual general meeting of shareholders, the dividends will be paid on the basis of UAH 3.75 per one common registered share.
“Fozzy Group also plans to accrue reserve capital for 2020 in the amount of 540.1 thousand UAH, and for 2021 – 3.95 million UAH.
According to preliminary financial statements of the company, its net profit in 2021 increased 11 times compared with the previous year – up to 124.3 million UAH.
The total accounts receivable of PrJSC at the end of last year increased 1.7 times and amounted to 1.6 billion UAH. Current liabilities decreased by 3.3% to UAH 1.58 billion, while there were no long-term liabilities at the end of 2021.
Undistributed profits last year amounted to UAH 137.3 mln.
The total assets of Fozzy Group at the end of 2021 amounted to UAH 3.67 billion.
As reported, Fozzy Group ended 2020 with a net profit of 8.6 million UAH, while in 2019 received a net loss of 5 million UAH.
PJSC Fozzy Group was founded in 2005. According to the NCSSM, its shareholder is Fozzy Group LLC (98.7%). Vladimir Kostelman is listed as the ultimate beneficiary.
Fozzy Group is one of the biggest Ukrainian retailers with more than 690 outlets all over the country. The company develops retail chains of different formats: Silpo supermarkets, Fozzy Cash&Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.
