Pivdenkabel Plant JSC (Kyiv), a major Ukrainian cable manufacturer, ended 2023 with a net profit of UAH 87.65 million, down 38% from the same period in 2023, according to the information on the agenda of the company’s annual shareholders meeting on April 25.
According to the draft decision of the meeting on the distribution of last year’s profit, the company plans to pay dividends at the rate of 35% of the nominal value of a registered ordinary share (nominal value UAH 2) and UAH 2 per preferred share.
The authorized capital of Pivdenkabel Plant JSC is UAH 83.154 million, divided into 41 million 359 thousand 032 ordinary shares (99.5% of the capital stock) and 417 thousand 840 preferred shares (0.5% of the capital stock) with a par value of UAH 2.
Thus, it is planned to pay UAH 28.951 million in dividends on ordinary shares and UAH 0.84 million on preference shares.
The rest of the profit is planned to be retained.
According to the company, as of the beginning of 2024, its retained earnings amounted to UAH 910.55 million.
Over the past year, the plant managed to reduce its current liabilities by 5% to UAH 385 million, while long-term liabilities increased slightly to UAH 3.6 million.
The value of Pivdenkabel Plant’s assets increased by 2.3% to UAH 1 billion 886 million, including total receivables down 9.7% to UAH 147.5 million, cash down 14.6% to UAH 186.2 million, and inventories up 16% to UAH 882.9 million.
At the meeting, the shareholders plan to re-elect Volodymyr Zolotaryov as chairman of the board (CEO) for a new five-year term and to approve a seven-member board for the same term.
Pivdenkabel was founded in 1943 and offers more than 25,000 marks and sizes of products. It supplies cable products to nuclear and thermal power plants, industrial enterprises, mining and processing plants, oil fields and coal mines, subways, railways and public transport.
The company exports its products, among others, to Azerbaijan, Georgia, the Baltic States, Bulgaria, Germany, Norway, Poland, Portugal, France, Finland, and Israel.
The plant notes on its website that last year, among other things, it commissioned a 73.5 kW solar power plant, a solid fuel boiler, and a torsion machine.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, Cyprus-based Cable Industrial owns about 13.06% of the shares of the JSC, Pivdenkabelinvest-plus LLC owns more than 15.83%, Pivdenkabelprokat and Pivdenkabelinvest own 14.1% each. Another 9.85% is owned by Volodymyr Zolotaryov, Chairman of the Board, and 8.136% by Volodymyr Zolotaryov Jr.
The company’s beneficiaries, according to YouControl, are Volodymyr Mykhailovych and Volodymyr Volodymyrovych Zolotaryov.
According to the Clarity-project resource, in 2023, the company’s net income increased by almost 22% compared to 2022, to UAH 1 billion 968.4 million.
The shareholders of Kokhava Paper Mill JSC (KBF, Lviv region) will receive UAH 6.852 million in dividends for 2023 out of the net profit of UAH 137.043 million at the rate of UAH 2.41 per share of UAH 0.25.
The relevant information is contained in the agenda of the general meeting of shareholders of the company scheduled for April 25, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the draft decision of the meeting, the remaining UAH 130.19 million of net profit is planned to be left undistributed.
The authorized capital of the company is UAH 711.83 million, divided into 2 million 847 thousand 328 shares.
According to the NSSMC for the third quarter of 2023, almost 12% of the company’s authorized capital belongs to the Chairman of the Supervisory Board Mykhailo Tytykalo, his daughter and SB member Larysa Tytykalo – 8.49%, his granddaughter Maria Goryanska – 10%, Tamara Tytykalo – 15.5%, Supervisory Board members Oleksandr Telyatkov, Ihor Kostyrko and Roman Pirig – over 11.12%, 11.92% and 7.88%, respectively, and Oksana Serembytska – 7.88%.
The meeting plans to elect for a new three-year term the Supervisory Board chaired by Mykhailo Tytykalo and consisting of Larysa Tytykalo, Ihor Kostyrko, Oleksandr Telyatkov and Roman Pirig.
The Kokhavynka Paper Mill, which has been operating since 1939, produces base paper for sanitary and hygiene products, as well as waste toilet paper and paper towels under the Kokhavynka brand. In 2023, after the commissioning of a new paper machine, the company started producing cellulose sanitary products under the Kokhavynka Paper Mill and Mildi brands.
As reported, in 2023, the mill increased its production by 18% compared to 2022, to UAH 1 billion 151.2 million. Net profit increased 2.7 times.
In the period from July 25 to October 25 of this year, the manufacturer of heating boilers JSC Mayak Plant (Zmiiv, Kharkiv region) plans to pay dividends to shareholders based on the results of 2023 in the amount of UAH 2.195 thousand per share (nominal value of UAH 1 thousand).
The relevant information is contained in the published agenda of the company’s general meeting of shareholders scheduled for April 23.
The announcement does not specify the amount of net profit received by Mayak Plant JSC in 2023, but according to the Clarity-project resource, it amounted to UAH 4.613 million, down 2.6 times over the year.
According to the company, last year it paid dividends based on the results of 2022 in the amount of UAH 2,896 thousand per share.
The authorized capital of the company is UAH 210 thousand, divided into 210 shares.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, 52.381% of the shares of Mayak Plant JSC are owned by CEO Oleksiy Mushtay, and 14.2857% each by Tatyana Samusenko and Zoya Garagata.
The Mayak plant was established in 1991 and produces household heating appliances under the Mayak brand.
According to Clarity-project, the company’s net income in 2023 decreased by 23.5% compared to 2022, to UAH 69.8 million.
The shareholders of PrJSC “Production Association “Stalkanat” (Odesa) intend to allocate UAH 60 million 511.837 thousand for dividends at the rate of UAH 0.58 per share from the profit for 2023.
This issue is included in the agenda of the general meeting of shareholders scheduled for April 18 this year, which is held remotely.
The draft decision specifies the dividend payment period – until October 31, 2024.
The payment will be made directly to shareholders’ accounts.
The shareholders will also summarize the company’s performance in 2023, in particular, they will hear the CEO’s report on the company’s financial and economic activities for the past year, determine the main areas of activity, and make decisions based on the results of the report. They will also consider the report of the Supervisory Board for 2023 and the auditor, and make decisions on them.
They will also decide on the distribution of the company’s profit for 2023. It is proposed to allocate UAH 60.5 million to dividends, and leave the rest of the profit undistributed. At the same time, the documents do not specify the amount of profit earned by the company in 2023.
As reported, the extraordinary general meeting of shareholders of PAO Stalkanat held on February 22, 2024, decided to conduct an additional issue of shares with a doubling of the company’s authorized capital. It is planned to place an additional 104 million 330,753 thousand ordinary registered shares with an existing par value of UAH 0.17 and increase the authorized capital from UAH 17 million 736 thousand 228.01 to UAH 35 million 472 thousand 456.02.
The placement of shares will be carried out in one stage from May 1 to May 31, 2024 inclusive (exclusively among persons who are shareholders as of February 22, 2024).
According to the official information of the company, 100% of the funds raised from the share issue in the amount of UAH 17 million 736.228 thousand will be used to repay the obligations under the loan agreement dated September 28, 2012 between PJSC “Stalkanat” and the First Ukrainian International Bank (FUIB).
The company’s information states that no dividends were accrued or paid in 2019, 2020, and 2021. According to the results of 2022, dividends in the amount of UAH 197 million 185.123 thousand were accrued and paid, excluding taxes, in the amount of UAH 1.89 per share. In 2023, dividends were accrued in the amount of UAH 105 million 374,060 thousand and paid out, net of taxes, in the amount of UAH 1.01 per share. Also, on February 22, 2024, the meeting decided to allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share. The dividend payment period is from March 20 to August 14, 2024.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
As of January 22, 2024, David Nemyrovsky holds a 50% stake, Anton Mikhalenko – 23.7%, Maria Kondratyuk – 23.1%, and Vitaly Dubovich – 3.199998%.
The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.
Production Enterprise Tekhmash JSC (Dnipro) plans to allocate UAH 5 million of retained earnings for dividends in 2023 at the rate of UAH 16,667 thousand per share with a par value of UAH 8.
According to the draft decision of the general meeting of shareholders of the JSC published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on April 11, dividends are planned to be paid by October 11, 2024.
According to the company, in 2023, according to preliminary data, it received UAH 0.19 million in net profit compared to UAH 0.51 million a year earlier, and retained earnings at the beginning of this year amounted to UAH 76.13 million.
As of the third quarter of 2023, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoits, while four other individuals hold a total of 28% of the shares. The authorized capital of the company is UAH 2.4 million.
According to the company, in 2023, Tekhmash reduced its current liabilities by 22.5% compared to 2022, to UAH 47.76 million, and long-term liabilities to zero compared to UAH 1.9 million.
The company managed to reduce its total receivables by almost 40% to UAH 49.62 million over the year, while the value of assets decreased by 17% to UAH 134.62 million. At the same time, inventories grew by 30% to UAH 31.15 million, and cash by 29.7% to UAH 18.56 million.
The company, according to Clarity-project, increased its net sales revenue by 19.2% in 2023 to UAH 165.28 million compared to 2022.
At the beginning of this year, it employed 229 people, down 23% from a year earlier.
Techmash’s core business is the installation of process equipment, pipelines, and the manufacture of equipment for various industries, including conveyors (scraper, belt, and screw), tank equipment, metal structures, and aspiration air ducts.
State-owned JSC Ukrzaliznytsia (UZ) has transferred UAH 1.259 billion to the state budget of Ukraine as an advance payment of dividends based on the results of its business activities in 2023, the press service of UZ reported on Wednesday.
“This is the first advance payment, because we are still finalizing the consolidated report, which will clearly determine our profit based on the results of work in 2023,” said Yevhen Lyashchenko, Chairman of the Board of UZ.
It is noted that, according to the government’s decree, the rate of deductions for Ukrzaliznytsia is set at 50%, provided that 30% of the profit will be used to finance capital investments approved in the financial plan for 2024, as well as to reconstruct critical railway infrastructure and renew rolling stock.
As reported, on February 27, the government instructed Naftogaz of Ukraine, Ukrzaliznytsia, Ukrhydroenergo, Ukrainian Energy Machines, Nizhnednistrovska HPP, and Ukrainian Defense Industry to transfer to the state budget at least 50% of the annual dividends on the state share for 2023 in advance by March. According to the Ministry of Finance, this will allow the state budget to receive at least UAH 3 billion in February.
