Novovolynsk Foundry (Volyn Region) increased its net loss by 36% year-on-year in 2021 to UAH 25.3 mln from UAH 18.599 mln.
According to the company’s December 8 annual shareholders meeting announcement, its retained earnings by the end of last year amounted to 137.868 mln hryvnia.
The shareholders at the meeting intend to summarize the results of work in 2021, define plans for 2022 and elect a new composition of the supervisory board of the company.
It is suggested to pay off the loss for 2021 at the expense of profit of previous years.
As reported, the plant ended 2020 with a net loss of 18.539 million UAH, while in 2019 received a net profit of 35.877 million UAH.
The plant specializes in the production of high quality steel and iron castings for mechanical engineering.
According to the NDU for the fourth quarter of 2021, Dnister-M LLC (Lviv region) owns 84.6099% of Novovolynsk Casting Plant PJSC.
The authorized capital of the company is 1 million 568.06 thousand UAH, the par value of the share is 0.25 UAH.
