PrJSC Novovolynsk Foundry (NLMK, Volyn region) plans to use its net profit in 2024 for development and working capital replenishment.
According to NLMK’s announcement that it will hold a remote general meeting of shareholders on April 18, the shareholders will review the reports of the management board, supervisory board and auditor for 2024 and make decisions based on the results of such reviews.
In addition, shareholders will approve the results of financial and economic activities for the past year and determine the distribution of profits. It is proposed not to pay dividends based on the results of last year’s work, and to use the net profit for modernization and renewal of fixed assets, development of the enterprise and replenishment of working capital. The amount of profit is not specified.
In addition, the shareholders will determine the main activities of NLMK, approve the work plan for 2025, and decide to terminate the powers of the chairman and members of the company’s supervisory board and elect new ones.
It is planned to give preliminary consent to enter into significant transactions.
NLMK specializes in the production of steel and iron castings for the machine building industry, as well as in the provision of machining services.
According to the third quarter of 2024, Dnister-M LLC (Lviv region) owns 86.6392% of the shares in Novovolynsk Foundry.
The authorized capital of the company is UAH 1 million 568.06 thousand, the par value of the share is UAH 0.25.
