PJSC Ukrnafta transferred UAH 3.9 billion of dividends to the state budget as an advance payment based on the results of its business activities in 2023, said the company’s CEO Sergiy Koretsky.
“This is the first installment. In total, more than UAH 8 billion will be paid according to the schedule. This is twice as much as the total for the previous 10 years,” he wrote on his Facebook page.
As reported, the Cabinet of Ministers, by its Resolution No. 163-r of February 27, 2024, ordered 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.
“Ukrnafta is the largest oil company in Ukraine, which operates a national network of 537 gas stations, of which 456 are operational.
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 the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
According to preliminary data, Dnipro Arrow Plant JSC (DnSZ, Dnipro) ended 2023 with a net profit of UAH 510.86 million, up 52% year-on-year in 2022.
According to the information published in the NSSMC’s information disclosure system on the agenda of the general meeting of shareholders of DnSZ on March 25, retained earnings at the beginning of this year amounted to UAH 1 billion 682 million, compared to UAH 1 billion 810 million a year earlier. Net income per ordinary share (par value UAH 10.5) amounted to UAH 2 (UAH 1.32 a year earlier).
The agenda of the meeting includes the issue of distribution of the net profit: according to the draft decision, UAH 112.006 million (or about 22% of the profit) is to be allocated to the dividend fund at the rate of UAH 440 per share, while the remaining profit of UAH 398.08 million is to be left undistributed.
As reported, based on the results of its activities in 2022, SESP allocated UAH 140.008 million, or 42% of the net profit at the rate of UAH 550 per share, leaving UAH 195.78 million undistributed.
At the same time, the planned shareholders’ meeting on March 25 intends to amend the distribution of profits for 2022, stipulating that UAH 101.82 million of retained earnings (UAH 195.78 million) will be allocated to the dividend fund to pay UAH 400 per share, and UAH 93.96 million will be left undistributed.
According to the publication, the shareholders at the meeting, in particular, intend to rename the company into Dnipro Switch Plant JSC (instead of Dnipropetrovs’k) and amend its internal regulations.
According to DnSZ, in 2023, its current liabilities increased by 89% to UAH 344.79 million, while its long-term liabilities increased by 73.8% to UAH 170.05 million.
Total accounts receivable for the year increased by 92% to UAH 427.96 million, inventories by 24% to UAH 484.65 million, and total assets by 27% to UAH 2 billion 656 million. DnSZ produces various types of turnouts for mainline and industrial transport and subways.
According to the NSSMC, as of the third quarter of 2023, 20.154% of DnSZ shares 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 shares, respectively, and another 18.2959% are owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF).
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%).
As reported, in 2022, the plant slightly reduced its net profit by 2021 to UAH 335.8 million, while net income fell by a third to UAH 1 billion.
In the first half of 2023, the plant reduced its net profit by 13.7% compared to the same period in 2022 to UAH 72.48 million, while net income increased by 47.6% to UAH 564.6 million.
For the first time in its history, Ukrnafta received million-dollar dividends in 2023 from the transportation and production company Naftotransservice and the security firm Security, in which it holds a 49.9% stake.
“The general meeting of shareholders of Naftotransservice LLC decided to pay dividends for 2020, 2021, 2022 – a total of about UAH 6.3 million. As for Security LLC, it is almost UAH 14 million for the same period plus for the first nine months of 2023,” the company said, citing Serhiy Koretsky, Ukrnafta’s CEO.
Thus, the total revenue exceeded UAH 20 million.
The next dividend payment for 2023 is expected in February 2024 from both companies.
“These are the first funds from the results of their operations since 2020,” the company emphasized.
“Ukrnafta is the largest oil company in Ukraine, which operates a national network of 537 filling stations, of which 456 are operational.
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 the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
The shareholders of PrJSC “Production Association “Stalkanat” (Odesa) intend to reconsider the issue of allocating UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share from retained earnings for part of 2022.
This issue is included in the agenda of the extraordinary general meeting of shareholders scheduled for February 22 this year, which is held remotely.
The draft decision sets a new dividend payment deadline of August 14, 2024.
The payment will be made directly to shareholders’ accounts.
Earlier, the extraordinary general meeting of shareholders of PJSC “PA “Stalkanat” held on November 14, 2023, allocated UAH 60 million 511 thousand 836.74 to pay dividends from retained earnings for 2022, assuming that there were UAH 0.58 of dividends per share. The dividend payment period was previously set from December 5, 2023 to May 14, 2024.
At the meeting on February 22, 2024, the shareholders also intend to renew the composition of the Supervisory Board. In addition, they intend to increase the amount of previously approved agreements for the purchase of raw materials for production.
“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.
According to the company, as of the end of 2022, David Nemyrovsky (Ukraine) holds 50.0001% of Stalkanat shares, Anton Mikhalenko – 23.7%, Eder Liron (both Israel) – 23.1%, and Vitaly Dubovich (Ukraine) – 3.1999%.
The authorized capital of Stalkanat is UAH 17.736 million, with a par value of UAH 0.17 per share.
Druzhkovka Metalware Plant PrJSC (Donetsk region) intends to pay UAH 25 million out of the profit of previous periods.
The relevant issue is on the agenda of the extraordinary general remote meeting of the company’s shareholders scheduled for February 22, 2024.
As reported, the company reduced its net profit by 69.1% year-on-year to UAH 33.832 million in 2022, with retained earnings of the plant amounting to UAH 404.665 million by the end of 2022.
Druzhkovka Hardware Plant produces machine-building and railway fasteners.
According to the fourth quarter of 2022, the company’s shares were owned by an individual Alexey Spiridonov, who held 14.9949%, Elena Mishchenko-Solona (a resident of Spain) – 13.0304%, Irina Mishchenko – 24.5167%, Sergey Popkov – 5.8611%, Anton Malikov – 9.75%, Elena Malikova – 8.25%, Valery and Dmitry Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.
At a meeting on September 21, the shareholders of Unives Insurance Company (formerly Professional Insurance, Kyiv) decided to allocate part of the profit received in 2022 in the amount of UAH 6 million to pay dividends.
As specified in the insurer’s message in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC), dividends will be paid only in cash within six months after the decision.
As reported, in January-March 2023, Unives collected UAH 1.223 million of net premiums, which is 9.4 times less than in the same period of 2022. Gross written premiums for the period amounted to UAH 144 thousand, while in the first quarter of the previous year they amounted to UAH 6.769 million.
The company paid out UAH 1.011 million in the three months under review, which is 3.1 times less than in the same period last year.
Administrative expenses of the insurer amounted to UAH 833 thousand (-18.8%), sales expenses – UAH 110 thousand.
Net profit decreased by 4.8 times to UAH 2.121 million.
Unives has been operating in the Ukrainian insurance market since 2003. It specializes in risk insurance. It is part of the Unives financial group. It holds 17 licenses for compulsory and voluntary insurance.
The authorized capital of the company is UAH 50 million.
