Business news from Ukraine

Kremenchuk Metal Products Plant increased its profit by 4.7 times

2 March , 2024  

Kremenchuk Metalware Plant (Poltava region) increased its net profit by 4.66 times in 2023 compared to 2022, to UAH 1 million 324,366 thousand from UAH 284 thousand.

According to the information for the company’s annual general meeting of shareholders scheduled for March 22 this year, which will be held remotely, the meeting will complete voting on April 1, 2024.

At the same time, the shareholders intend to summarize the results of 2023 and leave the profit undistributed.

It is also planned to approve the new version of the charter, approve the decision of the Supervisory Board to appoint the external auditor of AF “Intellect Capital” LLC for 2023.

The meeting intends to hold elections of members of the supervisory board.

As reported, in 2022, Kremenchuk Metalware Plant reduced its net profit by 51.5% year-on-year to UAH 284 thousand.

Kremenchuk Metal Products Plant was established in 1994 on the basis of the state-owned Kremenchuk Plant of Special Metal Structures and Communication Products through its corporatization. In 2008, Kryukiv Carriage Works (KVSZ) acquired Kremenchuk Metal Products Plant.

According to the NDU for the third quarter of 2023, AS Skinest Finants (Estonia), which is a shareholder of KVSZ, owns 75% of JSC Kremenchuk Metal Products Plant.

The authorized capital of the JSC is UAH 1067.2 thousand, the par value of the share is UAH 0.05.