Business news from Ukraine

Business news from Ukraine

Druzhkovka Metalware Plant to pay UAH 25 million in dividends

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.

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Unives shareholders will allocate UAH 6 mln to pay dividends

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.

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Sukhaya Balka mine has allocated more than UAH 1 bln for dividends from 2008, 2010 and 2011 profits

Shareholders of Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which is part of Oleksandr Iaroslavskyi’s DCH group, have allocated UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 for dividends.

According to the minutes of the extraordinary meeting of shareholders held remotely on July 10, a copy of which is available to Interfax-Ukraine, the payment of dividends to shareholders of the company for 2008, 2010, 2011 is made at the rate of UAH 1.2 per common share, including: 0.24 UAH for 2008, 0.23 UAH for 2010 and 0.73 UAH for 2011.

It is specified that a part of net profit received by the company by results of activity in 2008 in the amount of UAH 200 mln 973.01 thou., from profit for 2010 – UAH 192 mln 599.14 thou., from profit for 2011 – UAH 611 mln 292.91 thou. will be directed to dividends.

Sukhaya Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze.

DCH Group acquired the mine from Evraz Group in May 2017.

According to NDU data for the first quarter of 2023, Yaroslavskyi, who is designated as a non-resident of Ukraine (UK citizen – IF-U), directly owns 77.4193% of the mine’s shares, while resident individual Artem Alexandrov owns 20%.

The authorized capital of Sukhaya Balka PJSC is UAH 41.869 mln, the nominal value of a share is UAH 0.05.

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Energy trader EKU transferred to budget first dividends of UAH 17 million

Energy Company of Ukraine” (“EKU”) has transferred about UAH 17 mln to pay dividends for 2022.
As noted in the release of the company on July 4, this is the first dividends received by the state from the new energy trading company, which began its commercial activities in August last year.
It is indicated that the net profit of EKU for the five months of 2022 amounted to 33.9 million UAH.
According to the decisions of the government and the State Property Fund (SPF) of Ukraine, to which the state company is subordinated, 50% of this amount shall be used to pay dividends, 30% – to counteract the armed aggression of the Russian Federation, and 20% – for the costs provided for by the financial plan of the company for 2023, the company explained.
Thus, in total, “EKU” will allocate 27 million UAH to the budget and to the fight against the Russian Federation.
“In a short time we managed to build a capable company from scratch and reach the planned level of profit. The state has strengthened its position in the energy market and began to earn in highly competitive segments, where it was almost not present before”, – commented the general director of “EKU” Vitaly Butenko, whose words are given in the release.
As Ukrainian News earlier reported, JSC Energy Company of Ukraine (EKU) is a diversified energy supplying company, which deals with buying, selling and supplying energy resources to commercial customers, including import and export operations. 100% of the company’s shares are owned by the state.

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Zmiyev plant Mayak will pay out UAH 2.896 thousand in dividends per share

May May Mayak plant (Zmiev, Kharkiv oblast), a producer of central heating boilers, will pay out dividends for 2022 in the amount of UAH 2.896 thousand per one share with a par value of UAH 1 thsd during May 25 – October 25 of this year.
According to the company message in the information disclosure system of the National Securities and Stock Market Commission (NSCM), this was decided by a general meeting of shareholders on April 25.
According to the company, it ended the year 2022 with a net profit of UAH 12.16 mln, while a year earlier it amounted to UAH 0.46 mln. Only UAH 608,16 thousand were directed for payment of dividends.
The registered capital of JSC “Mayak plant” is 210 thousand UAH, which is divided into 210 shares. The net profit per one common share in 2022 amounted to 57,91 thousand UAH.
According to the Commission for the fourth quarter of 2022, 52,381% of the shares belongs to its director Alexei Mushtay, Tatiana Samusenko and Zoya Garagata own 14,2857% each.
According to the information on the web-site of the company, it was founded in 1991 and is one of the leading domestic manufacturers of household heating equipment (solid fuel, gas, electric boilers, radiators), designed for heating individual houses, apartments and industrial facilities.
The plant has 30 regional offices in Ukraine.
According to the resource opendatabot, in 2022, the company’s net income grew by 27.2% YoY, to 91.22 mln hryvnia.

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Kharkiv Tile Plant will allocate UAH 20 mln to pay dividends

PJSC Kharkiv Tile Plant will allocate UAH 20 mln from its net profit for 2021 to pay dividends.
According to the company message in the information disclosure system of the National Securities and Stock Market Commission (NSCSCM), the decision was taken by PJSC shareholders at the annual general meeting on April 27.
The dividends will amount to UAH 0.01 per common share. The payment period will be from May 12 till November 12, 2023.
At the same time it was decided not to pay dividends for the company in 2022, and to direct the profits earned last year to the restoration of fixed assets of PJSC.
At the meeting the shareholders re-elected Valentin Shevetovskiy as the head of the supervisory board, as well as the members of the board – Oleksiy Isayenko and Dmytro Salimonov – for a three-year term.
As reported, PJSC “Kharkiv Tile Plant” by the end of 2022 reduced the net profit in 11 times compared with the previous year – up to 6.4 million UAH, while in 2020 the profit was 72.5 million UAH, in 2019 – 94 million UAH.
The Kharkiv Tile Plant (KhPZ), the largest tile manufacturer in Ukraine, was commissioned in 1946. It is part of Golden Tile Ceramic Group (Kyiv), established in 2008, which also includes Shakhtobud Production Association LLC (Verolyubivka, Donetsk oblast), Maidan-Vilsky Quarry LLC, Maidan-Vilsky Refractories Plant LLC (both in Khmelnytsky oblast) and Golden Tile LLC (Kyiv, exclusive distributor of KhPZ).
The main shareholder of the company, according to the National Commission on Securities and Stock Market, is Golden Tile Ceramic Group LLC (98.4%) as of the fourth quarter of 2022. The ultimate beneficiary of KHP is Valentin Shevetovsky.

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