Business news from Ukraine

Business news from Ukraine

“Kryvbassvibrohprom” increased tax payments by 51% to UAH 160.5 mln

16 February , 2025  

In 2024, PJSC “Industrial and Production Association ‘Kryvbassvibukhprom’ increased the payment of taxes and mandatory payments to the budgets of all levels by 51% compared to the previous year, up to UAH 160.5 million.

According to the company, UAH 125 million of this amount went to the state budget and UAH 35.5 million to local budgets.

“The amount of payments to the budget increased by 51% due to the growth in the volume of work performed and, despite the difficult times of war, an increase in wages,” the press release states.

“Krivbassvibrokhprom provides blasting services in the quarries of Ukrainian mining companies. It is a major producer of emulsion and non-waterproof explosives. The company’s technological chain includes storage, processing, transportation and blasting operations.

According to the third quarter of 2024, Quarex Ltd. (Cyprus) owns 93.164% of the company’s shares, while SCM Group’s UMG holds 6.5619%.

The authorized capital of Kryvbassvibrokom is UAH 97.022 million, with a share par value of UAH 1.