In 2023, Kremenchuk Steel Plant JSC (Kremenchuk, Poltava region) posted a net profit of UAH 124.13 million, up 2.5 times compared to the same period in 2022.
According to the agenda of the company’s general meeting of shareholders scheduled for April 30, published in the National Securities and Stock Market Commission’s information disclosure system, KCZ plans to leave its profit undistributed and not pay dividends.
According to the Clarity-project resource, at the beginning of this year, the company’s retained earnings amounted to UAH 67.25 million against an outstanding loss of UAH 56.89 million a year earlier.
As reported, KCZ JSC ended 2022 with a net profit of UAH 50.28 million, while a year earlier the loss amounted to UAH 56.83 million.
Kremenchuk Steel is a leading Ukrainian foundry producing steel castings for freight cars and heavy trucks.
The company’s net income, according to Clarity-project, decreased slightly to UAH 1 billion 023 million in 2023.
According to the NSSMC, as of the third quarter of 2023, Defano Investments Ltd (Cyprus) owns 48.4421% of the shares of PJSC KCZ through Ukrinvestcontract LLC, with Artem Gerasymenko from Kyiv listed as the company’s beneficiary.
The shareholders also include FinEuroVector Financial Company LLC (18.8392%), Alfa Cross Financial Company (24.9%), and AltaFinance LLC (5.7276%).
