Business news from Ukraine

Business news from Ukraine

“Galka” will pay UAH 4.5 mln in dividends despite decline in profits

In 2024, coffee producer Galka PrJSC (Lviv) reduced its profit by 7.5% to UAH 2.7 million compared to 2023.

According to the decision of the shareholders’ meeting published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), it was decided to pay dividends in the amount of UAH 4,497,204, which is UAH 12.85 per ordinary registered share.

The Management Board was obliged to compile a list of persons entitled to receive dividends by April 23, 2025, and to pay dividends directly to shareholders within six months from the date of the general meeting’s decision to pay dividends by transferring them to shareholders’ bank accounts or, at their request, at the company’s cash desk.

“Pay the entire amount of dividends in full. To notify the persons entitled to receive dividends of the date, amount, procedure and term of their payment by posting a relevant notice on the company’s website,” the minutes of the general meeting read.

According to the Opendatabot service, in 2024, Galka slightly increased its revenue to UAH 5.274 million, which actually corresponds to the pre-war level of UAH 5.29 million in 2021. Debt obligations increased by 20.2% to UAH 504.2 thousand, while assets decreased by 6.6% to UAH 24.11 million.

Galka PrJSC was established in 1994 on the basis of a Lviv coffee factory that started its operations in 1932 as the Lviv Cooperative Factory of Coffee Additives “Suspilny Promyshl”. Since its inception, the company has specialized in the production of chicory and malt coffee “Luna”, as well as Prajin coffee substitutes. In 1971, the company installed Niro Atomizer equipment for the production of instant coffee, which Lviv Coffee Factory began exporting. The capacity of the Ukrainian-English manufacturer Galka is currently 120 thousand packs of coffee per day.

The major shareholders are Yaroslav Volynets (8.9%) and Lydia and Andriy Volynets (6.9% each), Natalia, Olga and Yuriy Dubovy (7.7% each), Roman and Volodymyr Pasternak (7.1% and 7.6%), Iryna Popovych (7.1%), and Galka Holding LLC (19.39%).

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“DnSZ” to pay UAH 420 mln in dividends to shareholders

Dneprovsky Railway Switch Plant JSC (DnSZ, Dnipro) will pay dividends to shareholders totaling UAH 420 million from its net profit of UAH 540.4 million between April 22 and October 1 this year.

According to a statement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision was made by the general meeting of shareholders on March 26. Dividends will be paid at the rate of UAH 1.65 thousand per ordinary share of UAH 10.5.

As reported, based on the results of its operations in 2023, SESP paid UAH 112 million in dividends to shareholders (out of the net profit of UAH 510.86 million) at the rate of UAH 440 per share of UAH 10.5.

As of the end of 2024, 20.154% of the shares of DnSZ JSC are owned by Johnen Capital Limited (Cyprus), 5% are owned by Dnipro City Council member Zahid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of the shares, respectively, and another 18.2959% are owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF-U).

Among the shareholders who own more than 5% of the shares of DnSZ JSC are also the chairman of the board Sergiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valeriy Kryachko (7.3%).

DnSZ specializes in the production of track superstructure elements: switches, blind crossings of various brands, and leveling devices. The products are sold mainly in Ukraine and exported to more than eight countries.

As reported, in 2024, the plant increased its consolidated net income by 29.3% compared to 2023, to UAH 2 billion 380 million.

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“Donbass Clays” increased its profit by 3 times and plans to pay dividends

According to the results of 2024, Donbass Clay PrJSC (Dorozhne village, Donetsk region) increased its net profit three times compared to 2023 – up to UAH 247.477 million from UAH 81.997 million.

According to the agenda of the annual general meeting of shareholders of the company scheduled for April 29, which will be held in person at the company’s Kyiv office, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), it is planned to consider the report of the executive body on the results of the company’s financial and economic activities for 2024 and make a corresponding decision.

In addition, the agenda includes consideration of the report of the Supervisory Board and the auditor, approval of the results of financial and economic activities for 2024, distribution of profits, and decision on the preliminary granting of consent to enter into significant transactions.

The draft resolutions, a copy of which is available to Interfax-Ukraine, propose, in particular, to distribute the company’s net profit among shareholders and consider the possibility of paying dividends, to approve the payment of net profit for 2024 as dividends to shareholders.

According to the information for the meeting, retained earnings at the end of 2024 amounted to UAH 557.511 million. In 2024, the company earned a net profit of UAH 247.477 million, with a per-share value of UAH 2 million 474.770 thousand and a number of shares of 100.

As reported earlier, in 2023, Donbass Clays PrJSC decreased its net profit by 2.5 times compared to 2022 to UAH 81.997 million, while net income decreased by 7.7% to UAH 371.889 million. Retained earnings at the end of 2023 amounted to UAH 310.034 million.

In 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021, to UAH 32.217 million from UAH 302.512 million. In 2021, the company increased its net profit by 51.1% compared to 2020, to UAH 302.512 million from UAH 200.216 million.

Donbass Clays was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.

At the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.

According to the third quarter of 2024, Watts Blake Bearne International Holdings B.V. owns 99% of the shares in the company.

The authorized capital of Gliny Donbassa PrJSC is UAH 526.9 thousand, the nominal value of 1 share is UAH 5269.18.

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“Verkhnedneprovsky Machine-Building Plant” to allocate UAH 17 mln for dividends

The shareholders of Verkhnodniprovsky Machine-Building Plant JSC (VMZ, Dnipro region) plan to allocate UAH 17.09 million for dividends out of retained earnings of UAH 34.095 million as of the end of 2024, according to the agenda of the annual shareholders’ meeting scheduled for April 28.

According to the draft decision of the meeting, it is planned to pay dividends at the rate of UAH 0.64 per share (nominal value UAH 0.35). It is planned to leave the remaining UAH 17 million undistributed.

The announcement does not contain any data on the company’s financial performance, but according to the Clarity-project, VMZ’s net profit in 2024 amounted to UAH 33.94 million, down 21.3% from a year earlier.

According to the company’s website, in 2023, from June 28 to October 30, 2024, dividends totaling UAH 43.1 million (UAH 1.61 per share) were paid to shareholders out of retained earnings of UAH 70.13 million.

At the meeting, shareholders also plan to terminate the powers of the chairman and members of the supervisory board ahead of schedule and elect the same three-member board.

According to the National Securities and Stock Market Commission as of the third quarter of 2024, Viktor Rasporsky, Chairman of the Supervisory Board, owns more than 62% of VMZ JSC shares, and Andriy Rasporsky owns about 31.07%.

Verkhnedneprovsky Machine-Building Plant specializes primarily in the development and manufacture of specialized railway rolling stock, non-standard equipment for car building and car repair.

According to Clarity-project, in 2024, VMZ’s net income increased by 4% compared to 2023, to UAH 161 million.

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Kryukovsky Carriage Works earned UAH 81 mln in profit, will not pay dividends

PJSC Kryukovsky Carriage Works (KVSZ, Poltava region) received UAH 81.08 million in net profit in 2024, while a year earlier the loss amounted to UAH 143.76 million, according to the agenda of the company’s annual general meeting of shareholders scheduled for April 21.
“According to the results of the company’s financial and economic activities in 2024, the profit amounted to UAH 81 million 082 thousand 307. Taking into account the income from the revaluation of actuarial liabilities, according to the calculation of an independent actuary, in the amount of UAH 9.642 million, to approve the total profit for 2023 in the amount of UAH 90 million 724 thousand 307,” the draft decision of the meeting states.
The profit is planned to be used to pay off losses for previous years, and no dividends will be accrued or paid.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, Estonian AS Skinest Finants and Osauhing Delantina own 25% of the shares of PJSC “KVSZ”, and Transbuilding Services Limited, registered in England, owns 20%.
At the same time, the list of shareholders includes Austrian OW Capital Management GmbH (controlled by Russian citizen Gamzalov) as the owner of 25% of the shares.
As reported, by a court decision of July 13, 2022, this stake was transferred to the National Agency for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (ARMA), and in April 2023, it announced a competitive selection of a manager for this stake.
KVSZ lists its main owner as the chairman of the supervisory board and president, Volodymyr Prykhodko.
Kryukiv Carriage Works produces passenger and freight cars, regional diesel trains, high-speed interregional locomotive trains, spare parts and bogies for freight cars.
In 2024, the plant sold 1,096 thousand freight cars, which is almost 10% more than in pre-war 2021. The first 15 passenger railcars were also delivered to Ukrzaliznytsia under contracts for 66 units.
According to the Clarity-project resource, in 2024, KVSZ’s net income increased by 81% compared to 2023, to UAH 3 billion 767 million.

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Mayak Plant plans to pay dividends for 2024

Heating boiler manufacturer Mayak Plant JSC (Mayak JSC, Zmiiv, Kharkiv region) plans to pay dividends to shareholders in the amount of UAH 1,023 thousand per share (par value UAH 1 thousand) for 2024.

According to the draft resolutions of the company’s general meeting of shareholders scheduled for April 21, dividends are to be paid between July 25 and October 25 this year.
The authorized capital of the company is UAH 210 thousand, divided into 210 shares. Thus, the total amount of dividends will be UAH 214.83 thousand.

According to the company, in 2024, its net profit amounted to UAH 0.215 million (UAH 4.61 million a year earlier), and retained earnings amounted to UAH 16.37 million. Net income per share amounted to UAH 1.024 per share (in 2023 – UAH 21.96 thousand).

Last year, the company’s assets increased by 10% to UAH 65.64 million, in particular, total receivables increased by 3.6% to UAH 10.1 million, inventories decreased by 26% to UAH 21.6 million, while cash and cash equivalents increased 2.5 times to UAH 24.5 million.

Over the year, Mayak JSC increased its current liabilities by 7.4% to almost UAH 6 million, while long-term liabilities more than quadrupled to UAH 7.4 million.
As reported, in 2023, the company paid dividends at the rate of UAH 2.195 thousand per share.

According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, 52.381% of the shares of Mayak Plant JSC are owned by CEO Oleksiy Mushtai, and 14.2857% each by Tetyana 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 2024 decreased by 6% compared to 2023, to UAH 65.7 million.

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