Promarmatura PrJSC (Dnipro) reported a net profit of UAH 11.407 million in 2023 compared to a net loss of UAH 29.995 million in 2022.
According to the agenda of the general meeting of shareholders scheduled for April 18 this year, which will be held remotely, the shareholders intend to leave this profit undistributed.
The meeting also intends to consider the CEO’s report for the past year, approve the results of financial and economic activities for 2023, decide on the procedure for distributing profits for 2023 and on the payment of annual dividends on the company’s shares. In addition, the shareholders will have to consider the auditor’s findings and give preliminary consent to significant transactions.
“The net profit earned by the company in 2023 in the amount of UAH 11.407 million shall be retained by the company to fulfill its statutory objectives. Annual dividends based on the company’s performance in 2023 shall not be accrued or paid,” the draft resolutions of the meeting state.
Retained earnings at the end of 2023 amounted to UAH 130.586 million.
Promarmatura was founded in December 1994 and operates in the pipeline fittings market.
According to the third quarter of 2023, 50% of the company’s shares are owned by two individuals – Ukrainian citizens Igor Mezhebovsky and Alexander Chelyadin.
The authorized capital of the company is UAH 7.218 million.
