Avangard Agroholding LLC, parent company of Ukraine’s largest producer of poultry eggs, has reduced its net loss by 18.6 times in 2021 compared to 2020 to UAH 28.5 million.
According to the company’s report in the information disclosure system of the National Commission on Securities and Stock Market (NSCSM) on Monday, the company’s assets decreased last year by 19% to 20.71 billion UAH, while the unallocated loss decreased by 0.2% to 10.5 billion UAH.
According to the NKTSBFR, the net loss per common registered share of Avangard last year amounted to 0.00056 UAH.
According to the statement, on December 29, the annual shareholders’ meeting will be held on December 29, where shareholders are going to decide on offsetting the net loss incurred in 2021 at the expense of future profits.
As reported, Avangard said in March 2022 that it has incurred a loss of 1.5 billion hryvnias since the beginning of the Russian military invasion of Ukraine. Russian aggression led to the shutdown of a number of key poultry farms of the group, and chickens were left without food and died at the Chornobaivska poultry farm (Belozerska village, Kherson Region).
“Ukrlandfarming is one of the largest agricultural holdings in Eurasia. It grows crops, raises cattle, and distributes equipment, fertilizers and seeds. Its member Avangard is Ukraine’s largest producer of eggs and egg products.
Novovolynsk Foundry (Volyn Region) increased its net loss by 36% year-on-year in 2021 to UAH 25.3 mln from UAH 18.599 mln.
According to the company’s December 8 annual shareholders meeting announcement, its retained earnings by the end of last year amounted to 137.868 mln hryvnia.
The shareholders at the meeting intend to summarize the results of work in 2021, define plans for 2022 and elect a new composition of the supervisory board of the company.
It is suggested to pay off the loss for 2021 at the expense of profit of previous years.
As reported, the plant ended 2020 with a net loss of 18.539 million UAH, while in 2019 received a net profit of 35.877 million UAH.
The plant specializes in the production of high quality steel and iron castings for mechanical engineering.
According to the NDU for the fourth quarter of 2021, Dnister-M LLC (Lviv region) owns 84.6099% of Novovolynsk Casting Plant PJSC.
The authorized capital of the company is 1 million 568.06 thousand UAH, the par value of the share is 0.25 UAH.
PJSC “Ukrainian Mining and Metallurgical Company” (UMMC, Kyiv), one of the largest metal service companies in Ukraine, according to the results of work in 2021, reduced its net loss by 12.1 times compared to the previous year – to UAH 13.956 million from UAH 169.219 million.
As reported in the company’s announcement of holding the annual general meeting of shareholders remotely on December 1, its outstanding loss by the end of last year amounted to UAH 364.488 million.
Shareholders intend to make a decision to cover the loss at the expense of deferred profit.
The meeting also plans to approve major deals.
UMMC was established in 1998. It occupies a leading position among Ukrainian metal traders in sales of rolled metal products and pipes.
According to NDU data for the fourth quarter of 2021, Lanacomo Limited and Leadpoint Holding (both Cyprus) own 50% of UMMC shares.
The authorized capital of UMMC is UAH 22.028 million, the par value of a share is UAH 1.
PJSC “Interpipe Dnepropetrovsk Vtormet” (Dnipro), which is part of the pipe and wheel company (TKK) “Interpipe”, ended January-September of this year with a net loss of UAH 54.081 million against a net profit of UAH 17.197 million for the same period last year.
According to the interim report of the company, published in the information disclosure system of the National Securities and Stock Market Commission (NSMSC), for 9 months-2022, the company’s net income decreased by 44%, to UAH 2 billion 502.603 million.
Retained earnings by the end of September 2022 amounted to UAH 125.783 million.
The enterprise processed 122.675 thousand tons of scrap metal during the specified period.
As reported, following the results of work in 2021, the company increased its net profit by 75%, to UAH 14.234 million, net income increased 2.2 times, to UAH 6 billion 796.291 million. At the same time, 9.706 thousand tons of scrap metal was procured, services were provided for the processing and reloading of customer-supplied raw materials in the amount of 677.651 thousand tons.
“Interpipe Dnepropetrovsk Vtormet” specializes in the procurement and processing of ferrous scrap in the Dnepropetrovsk region with the subsequent sale of this product, including the preparation of charge for steelmaking enterprises.
According to the company, at the end of 2021, Interpipe Limited (Cyprus) owns 98.6699% of the shares of PJSC Interpipe Dnepropetrovsk Vtormet.
The authorized capital of the company is UAH 64.876 million.
PrJSC “Ukrainian Graphite” (“Ukrgrafit”, Zaporizhia) following the results of work in 2021, increased its net loss by 2.2 times compared to the previous year – up to UAH 317.514 million from UAH 144.408 million.
According to the information on the agenda of the annual meeting of shareholders scheduled for November 30 of this year, which will be held remotely, the undistributed profit of the enterprise at the end of last year amounted to UAH 3 billion 527.125 million.
At the meeting, the shareholders intend to hear the report of the directorate on the work in 2021, approve it and decide on covering losses from the retained earnings received by the plant in 2018.
The shareholders will also terminate the powers of the members of the supervisory board and elect a new one.
In addition, the meeting will determine the main directions of the company’s activities in 2022-2024, including the modernization of the roasting and graphitization divisions.
“Ukrgrafit” is a leading Ukrainian manufacturer of graphite electrodes for electric steel-smelting, ore-thermal and other types of electric furnaces, commercial carbon masses for Soederberg electrodes, carbon-based lining materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the fourth quarter of 2021, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of PJSC, C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of PrJSC is UAH 233.959 million, the nominal value of 1 share is UAH 3.35.
PJSC Interpipe Nyzhniodniprovsky Pipe Rolling Plant (NTZ, Dnipro) in January-June of this year posted a net loss of UAH 882.682 million against a net profit of UAH 163.581 million for the same period last year.
According to the interim report of the company, net income for this period decreased by 42.8% – to UAH 4.176 billion.
Retained earnings by the end of June 2022 amounted to UAH 2.951 billion.
In turn, the consolidated loss of Interpipe NTZ for January-June 2022 amounted to UAH 882.732 million (there was a profit of UAH 163.481 million).
According to the annual report for 2021, the company’s net loss amounted to UAH 486.412 million against a net profit of UAH 22.905 million for 2020. Income for 2021 amounted to UAH 8.226 billion (for 2020 – UAH 9.470 billion).
The group also published a report for January-March 2022, according to which the loss amounted to UAH 783.259 million, net income – UAH 1.075 billion.
