PJSC Krukiv Wagon Works (KVSZ, Poltava oblast) finished 2022 with a net profit of UAH 37.25 mln, while in 2021 it posted a net loss of almost UAH 230 mln.
According to the company’s information for the April 11 general meeting of shareholders, published in the information disclosure system of the National Commission on Securities and Stock Market (NSCM), by January 1, 2023 the uncovered loss of KVSZ was 108.9 million UAH – a third less than a year earlier.
“At the end of the company for 2022, the profit is 37.353 million UAH. Taking into account income from revaluation of actuarial liabilities, according to calculation of an independent actuary in the amount of UAH 16.77 million, to approve total profit in the amount of UAH 53.53 million”, – is said in the draft decision of the meeting on the approval and distribution of profits.
According to the document, the profit of UAH 53.53 mln is planned to be used for repayment of losses of previous years.
According to the information of the enterprise, its current liabilities at the beginning of 2023 were UAH 1 billion 022.5 million – 29.7% less, long-term liabilities decreased slightly, amounting to UAH 216.94 million.
The assets of PJSC “KVSZ” amounted to 4 bln 476 mln UAH (7.2% less), including the total accounts receivable almost twice – to 1 bln 938 mln UAH, and the money and equivalents decreased 2.7 times to 559.27 mln UAH.
The equity capital of PJSC by the beginning of this year amounted to UAH 3 bln 2366 mln, including authorized capital – UAH 86.01 mln.
According to the NCCFM, as of the 4th quarter of 2022, Estonian AS Skinest Finants and Osauhing Delantina own 25% each, and Transbuilding Services Limited, registered in England, owns 20% each.
At the same time, as reported, 25% of PAO’s shares (worth over 21.5 million hryvnias) owned by Austrian OW Capital Management GmbH, which is under the control of Stanislav Gamzalov, head of the board of directors of the Russian railcar manufacturer Metalware Plant, were transferred to ARMA by a court decision of July 13, 2022.
In January of this year, the head of Ukrzaliznytsia, Oleksandr Kamyshyn, announced that UZ intended to participate in the ARMA tender for the selection of a manager of the seized stake in KVSZ.
Volodymyr Prikhodko, its president, names KVSZ as the main owner.
KVSZ, Ukraine’s largest railcar building company, produces passenger and freight cars, regional diesel trains, high-speed interregional trains of locomotive traction, and spare parts and bogies for freight cars.
By March of this year KVSZ had completed the delivery of 100 passenger cars to UZ for more than 3 billion UAH. The company did not disclose the number of freight cars produced in 2022.
In 2021, its net income decreased by 23.2% YoY to 2 bln 561 mln hryvnia, and its loss was 230 mln hryvnia against a net profit of 71.8 mln hryvnia.
