In 2022, PrJSC Marhanets Mining and Processing Plant (MGOK, Dnipro region) increased its net loss by 1.9 times year-on-year to UAH 47.062 million.
According to the company’s annual report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), net income for the period decreased by 63.8% to UAH 1 billion 434.670 million.
Retained earnings by the end of 2022 amounted to UAH 563.731 million.
In 2022, MMPP produced 271,825 thousand tons of manganese ore, 51,284 thousand tons of concentrate, 219,937 thousand tons of sludge, and sold 237,539 thousand tons of ore, 59,539 thousand tons of concentrate, and 219,937 thousand tons of sludge.
As reported, in the first half of 2022, MMPP increased its net loss by 4.3 times compared to the same period last year – up to UAH 42.164 million, net income decreased by 23.6% to UAH 1 billion 138.683 million.
In January-March 2022, MMPP increased its net loss by 16.6 times compared to the same period in 2021 to UAH 159.870 million, while net income increased by 2.4 times to UAH 865.275 million.
MMPP ended 2021 with a net loss of UAH 24.541 million, while in 2020 it made a net profit of UAH 239.284 million.
MMPP is developing the eastern part of the Nikopol manganese ore deposit (Hrushevsko-Basansky area). The plant comprises four operating mines, including one under construction, one open pit mine – Hrushevsky – and a processing plant.
According to the third quarter of 2023, the largest shareholders of the company are Couttenmax Holdings Limited, Mosfilia Investments Limited and Humax Enterprises Limited, which own 23.8933% of the company’s shares each, as well as Fianex Holdings Limited (all of Cyprus), which owns 24% of the company’s shares.
The authorized capital of MMPP is UAH 366.625 million, with a share price of UAH 0.25.
