Vyshnivskyi Foundry and Forging Plant (VLKZ, Kyiv region) reduced its net profit by 35.9% in 2024 compared to 2023, to UAH 2.987 million from UAH 4.663 million.
According to the annual report for 2024, the company’s net income decreased by 25.7% to UAH 68.327 million.
Retained earnings at the end of 2024 amounted to UAH 12.594 million.
According to VLCP’s announcement in the National Securities and Stock Market Commission’s (NSSMC) information disclosure system that it will hold a remote general meeting of shareholders on April 11, the shareholders will consider the report of the Supervisory Board for 2024 and make a decision based on the results of such consideration.
In addition, the shareholders will approve the results of financial and economic activities for the past year and determine the distribution of profits. It is planned to decide on the payment and approval of the amount of annual dividends and the method of their payment.
The draft resolutions, a copy of which is available to Interfax-Ukraine, propose to distribute the company’s net profit for 2024 in the amount of UAH 2 million 986 thousand 873.04 as follows 75%, which amounts to UAH 2 million 240 thousand 285.41, to be used to pay dividends; 25%, which amounts to UAH 746 thousand 587.63, to be left undistributed. To pay dividends for 2024 directly to shareholders in the amount of UAH 1.563 per share.
In addition, the shareholders will approve a new version of the charter, amend the company’s bylaws and give prior consent to enter into significant transactions.
As reported, VLCP increased its net profit by 2.1 times compared to the previous year to UAH 7.099 million in 2022. Retained earnings by the end of 2022 amounted to UAH 13.077 million.
VLKZ was founded in 1990 on the basis of the foundry and forging shops of the Artem Kyiv Production Association. It specializes in the production of forging and casting products.
According to the third quarter of 2024, the company’s shares are owned by a resident individual, Victoria Gryshchenko, who holds 18.5947% of the company’s shares, while Aviation and Rocketry Engineering Company JSC owns 51.0001%.
The authorized capital is UAH 358 thousand, the nominal value is UAH 0.25.
In 2023, Donbass Clays PrJSC (Dorozhne village, Donetsk region) reduced its net profit by 2.5 times compared to 2022, to UAH 81.997 million.
According to the annual report for 2023, net income decreased by 7.7% to UAH 371.889 million.
Retained earnings at the end of 2023 amounted to UAH 310.034 million.
As reported, 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.
Donbas 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.
Druzhkovka Metalware Plant (DZMI, Donetsk region) reduced its net profit by 34.8% year-on-year to UAH 15.671 million in 2024.
According to the company’s announcement that it will hold a remote general meeting of shareholders on April 18, the company’s supervisory board will consider the report for 2024 and adopt a decision.
In addition, the agenda includes the approval of the results of the financial and economic activities of the SFRD for 2024, determination of the procedure for distributing profits based on the results of work in 2024, and a decision on the payment of dividends.
According to the draft resolutions available to Interfax-Ukraine, it is planned to approve the amount of net profit based on the results of the plant’s operations for 2024 in the amount of UAH 15.671 million and to decide on the payment of dividends for 2024 in the amount of UAH 0.23 per share. Dividends will be paid directly to shareholders. The balance of net profit is to be left without distribution.
In addition, the shareholders at the meeting should determine the main areas of activity for 2025, decide on the preliminary consent to enter into significant transactions.
DZMI’s net profit amounted to UAH 15.671 million in 2024, UAH 24.049 million in 2023, and UAH 33.832 million in 2022.
Druzhkovka Metal Products Plant specializes in the production of hardware products: bolts, nuts, rivets for general engineering, fasteners for the upper structure of railway tracks, high-strength fasteners for building and bridge structures. In May 2022, the company issued an order to terminate employment contracts due to Russia’s military aggression and the inability to carry out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk region, to Dnipro, Dnipro region.
According to the NDU, as of the fourth quarter of 2024, an individual Oleksiy Spyridonov owned 14.9949% of the company’s shares, Olena Mishchenko-Solona (resident of Spain) – 13.0304%, Iryna Mishchenko – 24.5167%, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, Valeriy and Dmytro 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.
Ukrstal Dnipro Steel Structures Plant PJSC reduced its net profit by 9.7 times year-on-year in 2024 to UAH 7.342 million from UAH 70.924 million.
According to the company’s announcement in the NSSMC’s information disclosure system, the company’s shareholders’ meeting scheduled for April 7, 2025 proposes to allocate the net profit of UAH 7.342 million generated by the company’s financial and economic activities in 2024 to cover losses of previous periods.
According to the agenda, the shareholders will also, in particular, consider the reports of the Supervisory Board and the auditor for the past year, and approve the results of financial and economic activities.
Ukrstal Dnipro Steel Structures Plant is the legal successor of PJSC Babushkin Dnipro Steel Structures Plant (the name was changed in April 2017). The company’s core business is the production of building steel structures and their parts.
According to the third quarter of 2024, Closed Non-Diversified Venture Corporate Investment Fund RIFT (Ukraine) owns 92.9947% of the shares of PJSC “Ukrstal Dnipro Metal Structures Plant”, Fercon Ltd (Ukraine) owns 6.3537%.
The authorized capital is UAH 355.208 million, with a share par value of UAH 0.25.
Cherkasy Bus JSC, according to preliminary data, ended 2024 with a net profit of UAH 122.08 million, which is 33% less than in 2023, according to the information on the agenda of the company’s general meeting of shareholders for the previous year.
According to the draft decision of the meeting scheduled for April 11, the shareholders intend to leave 95%, or UAH 115.98 million, of the profit at the disposal of the company, and 5% (UAH 6.1 million) to be allocated to the reserve fund.
As reported, based on the results of 2023, the shareholders of Cherkasy Bus also allocated net profit for development.
The meeting will, in particular, approve the planned profit target for 2025 in the amount of UAH 102.84 million.
According to Cherkasy Bus, as of the beginning of 2025, its retained earnings amounted to UAH 267.28 million (UAH 151.3 million a year earlier).
In 2024, the company’s assets increased by 40.6% compared to 2023 to UAH 1 billion 132 million, including total receivables, which decreased by 7.7% to UAH 315.7 million, while inventories increased by 74.5% to UAH 658.1 million.
The company increased its current liabilities by 51.4% to UAH 543 million and long-term liabilities by 17.3% to UAH 137.1 million.
Net profit per share of UAH 2 amounted to UAH 1.5, compared to UAH 2.24 a year earlier.
Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses) and other wheeled vehicles based on Japanese Isuzu units.
According to Clarity-project, in 2024, the company increased its net income by 2.6% compared to 2023, to UAH 1 billion 771 million.
According to the NSSMC, as of the third quarter of 2024, Oleksandr Dorosh, head of the Isuzu-Ataman Ukraine business, owns almost 42.29% of the shares of Cherkasy Bus, three individuals, including longtime Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two more – almost 5.4% and 8.25%.
The authorized capital of the company is UAH 162.97 million.
“Kernel, one of Ukraine’s largest agricultural holdings, posted a net profit of $56 million in the second quarter of fiscal year (FY) 2025 (July-September 2024), compared to $133 million in the same period of FY 2024.
According to the quarterly report published on the company’s website on Friday, Kernel’s consolidated revenue in the second quarter of FY2025 reached $1149 million, up 10% year-on-year amid a low comparative base due to the lack of stable grain export operations in July-September 2023.
“This growth was primarily driven by an increase in edible oil sales, which was driven by both higher export volumes and higher global prices,” the company said.
At the same time, the Group recognized a net loss from changes in the fair value of biological assets in the amount of $33 million compared to a loss of $12 million recognized in Q1 FY2024, the report also specifies.
It is also noted that the Group’s cost of goods sold increased by 18% to $960 million, mainly due to a 45% increase in the cost of goods sold and raw materials used, reflecting increased competition for raw materials and limited supplies. On the other hand, transportation and procurement costs decreased by 52% year-on-year, accounting for only 10% of total cost of sales, due to lower freight rates supported by stable export operations from the Black Sea region.
As a result of the sharp increase in cost of sales, which outpaced revenue growth, gross profit in the second quarter of FY2025 decreased by 28% year-on-year and by 5% quarter-on-quarter to $157 million.
Other operating income for the three months ended December 31, 2024 amounted to $10 million, down 55% year-on-year, mainly reflecting gains from the settlement of contract price differences, inventory inventory, and fines and claims accrued on oil and grain trading operations.
It is noted that general and administrative expenses in the second quarter of FY2025 increased sharply by 42% year-on-year, reaching $75 million. This surge was mainly due to an increase in salaries and related expenses, as well as an increase in legal and professional services.
As a result, Kernel’s EBITDA in the second quarter of FY2025 amounted to $118 million, down 42% quarter-on-quarter and 30% quarter-on-quarter in FY2024.
Overall, in the first half of FY2025, the company’s net profit increased by 73% to $77 million, EBITDA by 29% to $287 million, and revenue by 22% to $1 billion 947 million.
Kernel is the world’s largest exporter of sunflower oil and one of the largest producers and sellers of bottled oil in Ukraine. It is also engaged in the cultivation and sale of agricultural products.
In FY2024, Kernel’s net profit decreased by 44% compared to FY2023 to $167.95 million, while revenue increased by 4% to $3.581 billion and EBITDA decreased by 30% to $381 million.
