Business news from Ukraine


27 April , 2021  

Zaporizhia Metallurgical Plant Zaporizhstal, a member of Metinvest Group, reduced its net loss by 15.1% in 2020 compared to the previous year, to UAH 3.678 billion.

According to the company’s report, the consolidated net loss for this period decreased by 19%, to UAH 3.142 billion.

The negative financial result before tax in 2020 decreased by 9%, to UAH 4.500 billion, the consolidated pre-tax loss – by 11.8%, to UAH 3.965 billion.

At the same time, net income decreased by 1.9%, to UAH 45.631 billion, consolidated net income – by 1.8%, to UAH 45.376 billion.

Retained earnings by the end of last year amounted to UAH 13.073 billion, consolidated retained earnings – UAH 16.788 billion.

Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world. The plant specializes in high-quality hot-rolled steel coils, hot-rolled sheets, cold-rolled sheets, cold-rolled coils made of carbon and low-alloy steels, as well as steel strip, black plate, bent sections.

The main consumers of the products are manufacturers of welded pipes, enterprises of automobile, transport, agricultural engineering, manufacturers of household appliances.