Malt producer Slavutsky Malt Plant PJSC (Krupets, Khmelnytsky region), a member of the international agro-industrial group Soufflet, cut its net profit by 2.2 times last year to UAH 175.23 million.
According to the company’s publication in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the shareholders at the remote general meeting on April 18 intend to use the profit for the company’s development and replenishment of working capital, and not to accrue or pay dividends based on the results of financial and economic activities in 2024.
In addition, the shareholders are to hear and approve the report of the management and the audit committee for 2024. They also plan to give their consent to enter into significant transactions for the purchase of barley in the amount of UAH 2.4 million and the sale of malt and barley in the amount not exceeding UAH 3.1 million, the purchase of natural gas in the amount of UAH 300 million and electricity in the amount of UAH 192 million. At the same time, the CEO will be authorized to extend the loan agreement for UAH 2.4 million for a period of one year, according to the published information.
The general meeting will approve decisions for 2022 to elect Thierry Blandinier as chairman of the supervisory board, replace Roman Bilyi with Ivan Tukureiev, and terminate the powers of Stefan Payar.
According to the Opendatabot service, in 2024, Slavuta Malt Plant PJSC reduced its revenue by 24.7% to UAH 1.259 billion and its debt obligations by 2.4 times to UAH 52.522 million. At the same time, the company’s assets increased by 9.4% to UAH 1.169 billion, and the number of employees decreased by 6 people to 77.
Slavuta Malt Plant is owned by International Malt Company JSC, founded by Compaginie Internationale de Malteries (France), a company created by the merger of Soufflet Group and the French agricultural cooperative Invivo.
Soufflet Group is one of the world’s largest malt producers, with 28 malt plants in Europe, Asia and South America. It is the largest flour producer in France and produces bread and confectionery in France and Portugal. It operates on the international grain market through its Soufflet Negoce trading division.
