Business news from Ukraine

Business news from Ukraine

KRIUKOV CAR BUILDING WORKS SENDS UAH 200 MLN OF NET PROFIT TO PAY DIVIDENDS AFTER SIX-YEAR BREAK

7 May , 2019  

PJSC Kriukov Car Building Works (KCBW, Kremenchuk, Poltava region) sent 41.2% or UAH 200.689 million of net profit (UAH 487.25 million) to pay dividends for 2018, which equals to UAH 1.75 per share with a face value of UAH 0.75. The decision was made at a general meeting of the company’s shareholders held on April 23, 2019.
As reported, with reference to Head of the supervisory board of KCBW Volodymyr Prykhodko, in the past six years, KCBW has not paid dividends. In 2017, after several years of unprofitable business (including due to Russia’s cancellation of KCBW wagon certification), the plant received a net profit of UAH 332 million, but did not pay dividends.
The charter capital of KCBW is UAH 86.01 million, divided into 114,679,552 ordinary registered shares.
According to the company, as of March 31, 2019, the shareholders of PJSC are Estonian AS Skinest Finants (25% of the share capital) and Osauhing Delantina (25%), OW Capital Management GmbH (Austria, 25%) and U.K. registered Transbuilding Service Limited (19.17%).
At the same time, according to the report, the beneficial owners (controllers), who own more than 90% of the company’s shares, are Head of the supervisory board Prykhodko, N. Prikhodko (coincides with the initials of his wife), as well as Estonian businessman Oleg Osinovsky and Chairman of the Board of Directors of the Russian manufacturer of wagons Metalwork Plant (Saratov region) Stanislav Gamzalov.

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