PrJSC Prydniprovsky Plant (Dnipro), one of the largest dairy processing companies in Ukraine (Zlagoda and Lyubimchik brands), increased its net profit by 24% in 2023 compared to 2022, to UAH 165.116 million.
According to the company’s report in the NSSMC disclosure system, its revenue for the year increased by 22.8% to UAH 2.522 billion, assets by 37.1% to UAH 788.76 million, and debt obligations by 1.7 times to UAH 127.914 million. At the same time, the company increased its staff by 12 people to 932 employees.
At the annual meeting on April 19, the shareholders decided to pay UAH 4.340 million in dividends based on the company’s performance in 2023. The Supervisory Board of PrJSC Prydniprovsky Iron and Steel Works decided to draw up a list of persons entitled to receive dividends by June 1, 2024. The amount of dividends per 1 ordinary registered share is UAH 0.62. Dividends will be paid from June 1 to October 30 directly to shareholders, in particular, to individuals through the cash desk, and to legal entities to their bank accounts.
The Supervisory Board is confident that the payment of dividends will not worsen the company’s condition.
Prydniprovsky was founded in 1990 on the basis of Dnipropetrovs’k Hormone and Milk Plant No. 2. It manufactures products under the Zlagoda and Lyubimchyk brands. It includes: Vasylkivsky Cheese Plant, Tsarychansky Butter Plant, Pereshchepynsky Dairy Plant, and Novomoskovsky Fruit Fillers Production Shop. The company’s milk processing capacity exceeds 250 tons per day.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiaries of Prydniprovsky Plant are Andriy Veretennikov (46.71%) and Tetiana Nenarochkina (43.42%), former deputy of the Dnipro City Council.
PrJSC United Mining and Chemical Company (UMCC), which has taken over management of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), posted a net profit of UAH 30 million in January-March this year, compared to a loss in the same period last year.
According to the company’s press release on Monday, the company planned to make UAH 20 million in net profit in the first quarter.
According to Yegor Perelygin, First Deputy Chairman of the Board, the last months of 2023 were difficult, but despite this, the management managed to lay a strong foundation for 2024.
“We have made every effort to ensure that our titanium giant operates even in difficult military conditions. Numerous negotiations with contractors and expansion of the geography of end customers are our main task, which we are successfully implementing. We have successfully rebuilt our logistics and alternative supply routes. Today, the brand of the state-owned company UMCC is returning to the EU markets and strengthening in the US. We already have contracts in place for about 135,000 tons, and the planned volumes are more than 200,000 tons,” said Perelyhin.
He added that the company’s branches – IGOK and VMMC – are currently fully loaded in accordance with their plans. The required categories of employees are booked and there are no salary arrears.
At the same time, all work to stabilize the company’s operations is carried out in close cooperation between management and the State Property Fund. As a result, current issues are addressed in a more comprehensive manner, which demonstrates effective results.
The United Mining and Chemical Company started its actual operations in August 2014, when the Government of Ukraine decided to transfer the property complexes of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast) to its management. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
The pizza chain Domino’s Pizza Inc. reported an increase in net profit and revenue in the first quarter of 2024, both of which were better than market forecasts.
According to the company’s press release, its net profit in January-March amounted to $125.8 million compared to $104.8 million in the same period a year earlier. Earnings per share increased to $3.58 from $2.93.
Meanwhile, revenue increased by 6% to $1.085 billion from $1.02 billion.
Analysts surveyed by FactSet had on average forecasted earnings of $3.40 per share on revenue of $1.08 billion.
Comparable sales of Domino’s in the United States grew by 5.6% last quarter and by 0.9% globally, according to the report.
Domino’s share prices are up 4.6% in pre-market trading on Monday. Since the beginning of the year, the company’s capitalization has increased by 21% to $17.38 billion.
Malt producer Slavutsky Malt Plant PJSC (Krupets, Khmelnytsky region), a member of the international agro-industrial group Soufflet, increased its net profit by 4 times in 2023 compared to 2022 – up to UAH 388.57 million.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenue for the year increased by 15.3% to UAH 1.671 billion, assets – by 3.7 times to UAH 1.073 billion, and total debt obligations decreased by 2.7 times to UAH 128.915 million.
At the same time, the company increased the number of employees by five to 83.
According to the report, at the annual shareholders’ meeting on April 19, shareholders will be proposed to use the profit to develop the company and replenish working capital, and not to accrue or pay dividends based on the results of financial and economic activities for 2023.
Slavuta Malt Plant is owned by International Malt Company JSC, which was founded by Compaginie Internationale de Malteries (France), a company created by the merger of Soufflet Group and the French agricultural cooperative Invivo.
Soufflet Group, one of the world’s largest malt producers, has 28 malt plants in Europe, Asia and South America. The company is the largest flour producer in France, produces bread and confectionery in France and Portugal, and operates on the international grain market through its trading division Soufflet Negoce.
State-owned Oschadbank (Kyiv) earned UAH 6 billion in net profit in 2023, which is UAH 1.25 billion more than the previously announced preliminary data and 9.4 times higher than the financial result of 2022 (UAH 0.638 billion), the financial institution said on Friday.
“Based on the results of annual adjustments, the bank’s financial result reached almost UAH 6 billion, a record level for the entire period of its operation. (…) Thanks to this, Oschadbank has risen to the second place in the rating of profitability of Ukrainian banking institutions (according to the NBU),” the press release said.
Thus, Oschad beat Raiffeisen Bank, Sens Bank, and state-owned Ukreximbank, which, according to preliminary data, ended last year with a net profit of UAH 5.22 billion.
It is noted that the Management Board and Supervisory Board of Oschad approved the final results of the year 2023 based on the audit reports and unqualified opinion.
“The past year of 2023 was the eighth consecutive year during which the bank demonstrated profitable operations,” the press service of the financial institution emphasized.
It is also noted that in the first quarter of this year, Oschad earned UAH 4.9 billion in net profit, which is more than twice the result for the first quarter of last year.
“This is largely due to an increase in operating income, which increased by UAH 0.9 billion, or 14%, as well as a positive result of the revaluation of government bonds with an indexed value of UAH 1.2 billion,” the state bank explained.
Oschad added that an additional factor in this result is a balanced approach to optimizing operating costs, an effective risk management policy and the formation of the active part of the balance sheet “taking into account the realities and needs of the wartime economy.”
According to the National Bank of Ukraine (NBU), as of February 1 this year, Oschadbank ranked second in terms of total assets (UAH 369.56 billion) among 63 banks operating in the country.
Lutsk Foods PJSC (Volyn region), one of the largest producers of grocery products in Ukraine, received UAH 45.981 million in net profit in 2023, up 8.5% year-on-year.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenue last year increased by 19.9% to UAH 856.515 million, debt obligations decreased by 28.2% to UAH 93.892 million, and assets – by 4.5% to UAH 265.767 million.
During the year, the company increased its staff by three employees to 355 people.
According to the report, at the annual meeting of shareholders on April 18, shareholders will be asked to leave the profit of UAH 45,981 thousand received in 2023 undistributed.
In addition, the shareholders are asked to authorize the company’s chairman of the board to enter into significant transactions during the year to attract investments in the modernization of production facilities and production premises, other agreements, the maximum aggregate value of each of which should not exceed UAH 200 million, with the provision of movable and immovable property of the company as security for performance without limiting its value.
Lutsk Foods PJSC was founded in 1997 on the basis of the Lutsk City Food Processing Plant, established in 1945. The company produces a wide range of tomato paste-based sauces, as well as ketchup, adjika, mustard, mayonnaise and various types of vinegar under the Runa, Ridniy Krai and Sribnytsia trademarks. Since 2009, the company has been cooperating with a number of retail chains and produces more than 40 products under their private labels. Lutsk Foods exports its products to the markets of more than 20 countries.
