Zaporozhkoks, one of Ukraine’s largest coke and chemical producers, earned a net profit of UAH 399.840 million in 2023, which it retained as undistributed.
According to the minutes of the general meeting of shareholders held on April 30, a copy of which is available to Interfax-Ukraine, the meeting was attended by both shareholders – Metinvest B. V. (the Netherlands), which owns 57.2347% of the company’s shares, and Zaporizhstal, which owns 42.7653% of the shares.
The meeting approved the report of the Supervisory Board for 2023, recognizing its work as satisfactory. The shareholders also recognized the work of the company’s executive body as satisfactory, took note of the audit results and approved the results of the plant’s financial and economic activities for the past year, determined the procedure for distributing profits and gave preliminary consent to enter into significant transactions.
In addition, they amended the employment contract with the executive director.
According to the minutes of the other general meeting of shareholders of the company held on June 13 this year, a copy of which is also available to the agency, the meeting was attended by both shareholders – Metinvest B. V. (Netherlands) and “Zaporizhstal” Steel Works.
In January-March 2024, the company received a net profit of UAH 289 million 834,763 thousand, which it was decided to allocate to pay dividends for 2024. At the same time, almost UAH 2.43 of dividends are paid per ordinary share.
The Board of Directors of the company (Minutes No. 3 dated June 14, 2024) decided to establish the date of compiling the list of persons entitled to receive dividends, the procedure and term for their payment. The start date of dividend payment is July 1, 2024, and the end date of dividend payment is December 13, 2024 inclusive.
As reported, Zaporozhkoks earned a net profit of UAH 163.576 million in January-September 2023, while the same period in 2022 ended with a net loss of UAH 385.255 million. Retained earnings as of the end of September 2023 amounted to UAH 3 billion 131.849 million.
The plant ended 2022 with a net loss of UAH 249.382 million, while in 2021 it made a net profit of UAH 2 billion 997.541 million. In 2020, the plant increased its net profit by 72.2% year-on-year to UAH 166.436 million.
The company ships its products to the domestic market, Europe, Turkey, and Canada. The structure of chemical sales in 2022 was as follows: 50.4% – domestic market, 49.6% – exports.
“Zaporizhkoks has a full technological cycle of coke and chemical products processing.
Metinvest B. V. (the Netherlands) owns 57.2347% of the company’s shares, while Zaporizhstal owns 42.7653%.
The company’s authorized capital is UAH 1.193 million, with a share price of UAH 0.01.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.
Ukrnafta has transferred UAH 3.5 billion in dividends to Naftogaz of Ukraine based on its 2023 performance, the company’s press service said on Tuesday.
Taking into account the previously transferred dividends for the previous year, the company paid a total of about UAH 8 billion to another shareholder represented by the Ministry of Defense of Ukraine under this item.
“About UAH 8 billion has been transferred to the accounts and depositories of the company’s state shareholders – the Ministry of Defense of Ukraine and Naftogaz of Ukraine. The company is supporting the country’s economy and working for victory,” said Sergiy Koretsky, CEO of Ukrnafta.
As a reminder, in 2023, the company also paid UAH 25.7 billion in taxes and fees to the budgets of all levels.
As reported, in early February, the Cabinet of Ministers of Ukraine established that Naftogaz of Ukraine should allocate 95% of its net profit to dividends, and Ukrnafta – 30%, provided that 50% of the profit will be used for capital investments approved by the government in the company’s financial plan for 2024.
“Ukrnafta, in which Naftogaz owns 50%+1 share, announced that in 2023 it made a net profit of UAH 23.6 billion compared to a loss of UAH 1.1 billion in 2022.
Earlier, Naftogaz Group CEO Oleksiy Chernyshev said that in terms of dividend policy, Naftogaz would receive UAH 12.1 billion from Ukrgasvydobuvannya last year, UAH 6.6 billion from Ukrtransgaz, UAH 5.3 billion from Ukrtransnafta, and UAH 3.5 billion from Ukrnafta.
“Ukrnafta is the largest oil producer in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
Astarta Agro Holding will pay dividends for 2023 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the previous year.
As stated in the company’s announcement on the Warsaw Stock Exchange, this decision was made by the shareholders’ meeting on June 4 this year, instructing the board of directors to determine the dates of payment.
As reported, Astarta first paid EUR12.155 million in dividends in June 2021 based on the results of 2020 in the same amount as proposed now – EUR0.5 per share. In the military year of 2022, the company refused to pay them, and then paid them in 2023.
Astarta’s shares are currently quoted at PLN29.25 per share (about EUR6.81 per share), while about a year ago, when the dividend decision was approved, the rate was PLN32.80 per share (about EUR7.28 per share).
In 2023, Astarta, the largest sugar producer in Ukraine, reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.
Astarta CEO Viktor Ivanchik’s family currently owns 40.68% of the company. Fairfax Financial Holdings is also a major shareholder with 29.91%, and another 2.12% of shares belong to the company itself and were previously bought back as part of a buyback.
In the period from June 17 to October 24 this year, the shareholders of Kokhavynska Paper Mill JSC (KPM, Lviv region) will be paid dividends for 2023 totaling UAH 6.852 million out of the net profit of UAH 137.043 million.
According to the company’s publication in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made by the general meeting of shareholders on April 25.
Dividends will be paid in the amount of UAH 2.41 per share with a par value of UAH 0.25.
According to the NSSMC data for the first quarter of 2024, almost 12% of the company’s authorized capital belongs to the chairman of the supervisory board Mykhailo Tytykalo, his daughter and member of the SB Larysa Tytykalo – 8.49%, his granddaughter Maria Goryanskaya – 10%, Tamara Tytykalo – 15.5%, members of the Supervisory Board Oleksandr Teletkov, Igor Kostyrko and Roman Pirig – more than 11.12% and 11.92% and 7.88%, respectively, and Oksana Serembytska – 7.88%.
The authorized capital of the company is UAH 711.83 million, divided into 2 million 847 thousand 328 shares.
Operating since 1939, Kokhavynka Paper Mill produces base paper for sanitary and hygiene products, as well as toilet paper and paper towels under the Kokhavynka trademark (made from waste paper) and the Kokhavynska Papirnya and Mildi trademarks (cellulose).
As reported, in 2023, the factory increased its production by 18% compared to 2022, to UAH 1 billion 151.2 million. Net profit increased 2.7 times.
Astarta Agro Holding plans to pay dividends for 2023 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the previous year.
As stated in the company’s announcement on the Warsaw Stock Exchange, the relevant draft decision has been included in the agenda of the shareholders’ meeting to be held in Nicosia (Cyprus) on June 4 this year.
Other issues include: adoption of a new remuneration policy; confirmation of PriceWaterhouseCoopers as auditor for 2023; and instructing the board of directors to elect an auditor for 2024.
As reported, Astarta first paid EUR12.155 million in dividends in June 2021 based on the results of 2020 in the same amount as proposed now – EUR0.5 per share. In the military year of 2022, the company refused to pay them, and then paid them in 2023.
In 2023, Astarta, the largest sugar producer in Ukraine, reduced its net profit by 5.0% to EUR61.9 million, and its EBITDA decreased by 6.1% to EUR145.77 million, while revenue increased by 21.3% to EUR618.93 million.
Astarta CEO Viktor Ivanchik’s family currently owns about 40.66% of the company. Fairfax Financial Holdings is also a major shareholder with 29.91%, and another 2.62% of shares belong to the company itself and were previously bought back as part of a buyback.
Astarta’s shares are currently quoted at PLN26.6 per share (about EUR6.23 per share), while about a year ago, when the dividend decision was approved, the rate was PLN32.80 per share (about EUR7.28 per share).
State-owned Oschadbank (Kyiv) has so far paid UAH 4.2 billion in income tax and UAH 0.7 billion in dividends to the budget based on the results of its operations in 2023 and plans to make another final payment of UAH 1.1 billion, the Oschadbank press service said at the request of Interfax-Ukraine on Wednesday.
“The budget will receive a total of UAH 6 billion from income tax and dividends, UAH 0.5 billion is taken into account in the calculations for previous periods,” the press service of the financial institution noted.
According to the finalized financial results, the bank earned UAH 6 billion in net profit last year, which, according to the bank, is the second highest figure in the market after PrivatBank.
As of March 1, 2024, Oschad ranked second in terms of total assets (UAH 376.4 billion) among 63 banks in the country.
