In 2023, Kremenchuk Steel Plant JSC (Kremenchuk, Poltava region) posted a net profit of UAH 124.13 million, up 2.5 times compared to the same period in 2022.
According to the agenda of the company’s general meeting of shareholders scheduled for April 30, published in the National Securities and Stock Market Commission’s information disclosure system, KCZ plans to leave its profit undistributed and not pay dividends.
According to the Clarity-project resource, at the beginning of this year, the company’s retained earnings amounted to UAH 67.25 million against an outstanding loss of UAH 56.89 million a year earlier.
As reported, KCZ JSC ended 2022 with a net profit of UAH 50.28 million, while a year earlier the loss amounted to UAH 56.83 million.
Kremenchuk Steel is a leading Ukrainian foundry producing steel castings for freight cars and heavy trucks.
The company’s net income, according to Clarity-project, decreased slightly to UAH 1 billion 023 million in 2023.
According to the NSSMC, as of the third quarter of 2023, Defano Investments Ltd (Cyprus) owns 48.4421% of the shares of PJSC KCZ through Ukrinvestcontract LLC, with Artem Gerasymenko from Kyiv listed as the company’s beneficiary.
The shareholders also include FinEuroVector Financial Company LLC (18.8392%), Alfa Cross Financial Company (24.9%), and AltaFinance LLC (5.7276%).
In 2022, Kremenchuk Steel Plant JSC (Kremenchuk, Poltava region), part of the industrial assets of TAS Group, posted a net profit of UAH 50.281 million, while it ended 2021 with a net loss of UAH 56.833 million.
According to the agenda of the company’s general meeting of shareholders published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on November 13, the company’s uncovered loss as of January 1, 2023 amounted to UAH 56.886 million.
The shareholders intend to amend the charter, review the reports of the supervisory board for 2021 and 2022, consider the conclusions of the audit reports, approve the results of the company’s financial and economic activities for these years, determine the procedure for distributing profits (compensation for losses), approve annual reports, hold elections of the supervisory board, and consider other issues.
As reported, Kremenchuk Steel posted a net loss of UAH 22.81 million in 2020.
Kremenchuk Steel is a leading Ukrainian foundry producing steel castings for freight cars and heavy trucks.
According to the second quarter of 2023, Defano Investments Ltd (Cyprus) owns 48.4421% of the shares of PJSC “KSP”, FinEuroVector Financial Company LLC – 18.8392%, Alfa Cross Financial Company – 24.9%, Alta Finance LLC – 5.7276%.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments), industry, real estate, agriculture, and venture capital projects. The founder and major shareholder of the group is Sergey Tigipko.
