According to preliminary data, in 2023, Dniprovsky Passenger Car Repair and Construction Plant JSC (Dniprovagonrembud) received a net profit of UAH 27.76 million, which is 35.6% more than in 2022 (UAH 20.47 million).
According to the information in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) for the agenda of the company’s general shareholders’ meeting on April 18, the uncovered loss at the beginning of 2024 amounted to UAH 565.8 million.
As in the previous year, the shareholders plan to use the net profit received in 2022 to pay off the losses of previous years, and not to pay dividends.
According to the NSSMC, as of the third quarter of 2023, more than 98.8% of the shares of Dniprovagonrembud JSC belong to Unibudinvest, a venture closed-end corporate investment fund affiliated with businessman Leonid Yurushev.
According to the company, last year its current liabilities decreased by 11.7% to UAH 243 million, while long-term liabilities decreased by 30% to UAH 8.56 million.
The value of Dneprovagonrembud’s assets decreased by 6.3% to UAH 122 million, including total receivables, which increased by 28% to UAH 24.75 million.
The company’s equity is negative at UAH 129.6 million.
Dniprovagonrembud’s main specialization is the repair and manufacture of railway rolling stock and its components.
According to Clarity-project, the company increased its net sales revenue by 21.4% in 2023 to UAH 309 million by 2022.
Cherkasy Bus JSC ended 2023 with a net profit of UAH 182.44 million, which is 2.8 times higher than in 2022, according to the information on the agenda of the general meeting of shareholders of the JSC for 2021-2023.
According to the draft decision of the meeting scheduled for April 17, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the shareholders intend to keep the profit at the disposal of the company. The net profit of UAH 65.019 million received in 2022 and UAH 22.84 million for 2021 is also planned to be retained by the company.
The meeting also intends to approve the planned net profit for 2024 in the amount of UAH 52.72 million.
According to Cherkasy Bus, at the beginning of this year, its retained earnings amounted to UAH 151.3 million, while in 2022 and 2021, the uncovered loss amounted to UAH 22.6 million and UAH 88.9 million, respectively.
According to the agenda, the company’s shareholders intend, among other things, to approve the report of the Supervisory Board for 2021-2023, measures to improve the financial condition of the JSC in 2024 and maintain production facilities.
In addition, it is planned to introduce the position of corporate secretary, exclude the audit committee from the JSC’s bodies, and re-elect the supervisory board.
According to the company, in 2023, its assets increased by 53.6% to UAH 805.12 million, including total receivables, which almost doubled to UAH 342 million, and inventories increased by 43.8% to UAH 377.22 million.
The company has increased its current liabilities by 34.8% to UAH 358.8 million by 2022, while long-term liabilities grew slightly to UAH 116.9 million.
Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses), as well as other wheeled vehicles based on Japanese Isuzu units.
The plant reportedly planned to invest UAH 200 million in the production of larger buses.
According to the Clarity-project website, in 2023 the company doubled its net income by 2022 to UAH 1 billion 725.8 million.
According to the NSSMC, as of the third quarter of 2023, Oleksandr Dorosh, business manager of Isuzu-Ataman Ukraine, owns 42.2883% of the shares of Cherkasy Bus, three individuals, including long-time Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two others own 5.3999% and 8.2498%, respectively.
The authorized capital of the company is UAH 162.97 million.
According to preliminary data, Ukrnaftoburinnya (UNB) will receive more than UAH 1 billion in net profit in 2023, the company said in a press release on Monday.
“We planned a net profit of up to UAH 1.5 billion. But due to the revocation of the special permit and the shutdown, this figure will fall to about UAH 1.1 billion,” said Oleg Malchyk, chairman of the board, quoted in the document.
According to him, from the beginning of 2023 until the company was actually taken over by Ukrnafta on July 12 last year, UNB’s profit amounted to UAH 186 million, and for the period from July to December, it managed to make a profit of UAH 905 million.
“This is taking into account the fact that the company did not produce throughout December last year,” the company said.
According to UNB, despite the fact that the company was profitable before the transition to state control, the audit of the financial statements found UAH 18 billion of receivables that had signs of being uncollectible.
“This is either prepayment for some goods or financial assistance,” commented Malchyk.
The PJSC explained that bankruptcy proceedings were initiated against some companies that owe almost UAH 5 billion to UNB in June 2023. However, the new management managed to file applications for recognition of monetary claims, and such claims were recognized by the court, as a result of which UNB was included in the list of creditors of those companies in bankruptcy.
As reported, on November 28, 2023, the Sixth Administrative Court of Appeal (CAAC) overturned the order of the State Service of Geology and Subsoil (Derzhgeonadra) and revoked the special permit No. 6349 of July 10, 2019, under which UNB was producing at the Sakhalin field. The company stopped operating the field on December 1.
For its part, on February 9, 2024, the Kyiv District Administrative Court (KDAC) ordered the State Service of Geology and Mineral Resources to reconsider UNB’s application for a special permit for production at the Sakhalin field. On February 27, the court document came into force. However, the State Service of Geology and Subsoil filed an appeal against the ruling of the Kyiv District Administrative Court (KDAC).
“Ukrnaftoburinnya is one of the largest private gas producers in Ukraine. Since 2010, it has been developing the Sakhalin oil and gas condensate field (Krasnokutskyi district, Kharkiv region) with reserves of 15 bcm of gas. The company’s gross production in 2021 amounted to 691.3 million cubic meters of gas and 76.6 thousand tons of oil and condensate.
The Cabinet of Ministers of Ukraine has approved Ukrnafta’s financial plan for 2024, according to which the company’s net income is planned at UAH 118 billion and net profit at UAH 18 billion.
“The draft financial plan for 2024 also provides for: UAH 31 billion in taxes and fees, UAH 8.7 billion in dividends to the state,” the company said in a press release on Wednesday.
According to the document, in 2023, Ukrnafta earned UAH 24 billion in net profit, paid UAH 26 billion in taxes and fees, and will transfer more than UAH 8 billion in dividends to the budget at the end of the year.
“In 2024, the company plans strong growth with investments in development: the start of drilling 30 new wells, purchase and installation of world-class stimulation equipment, and renewal of the filling station network,” Ukrnafta CEO Sergiy Koretsky said in a press release.
As reported, Ukrnafta has set a strategic goal to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
Kremenchuk Metalware Plant (Poltava region) increased its net profit by 4.66 times in 2023 compared to 2022, to UAH 1 million 324,366 thousand from UAH 284 thousand.
According to the information for the company’s annual general meeting of shareholders scheduled for March 22 this year, which will be held remotely, the meeting will complete voting on April 1, 2024.
At the same time, the shareholders intend to summarize the results of 2023 and leave the profit undistributed.
It is also planned to approve the new version of the charter, approve the decision of the Supervisory Board to appoint the external auditor of AF “Intellect Capital” LLC for 2023.
The meeting intends to hold elections of members of the supervisory board.
As reported, in 2022, Kremenchuk Metalware Plant reduced its net profit by 51.5% year-on-year to UAH 284 thousand.
Kremenchuk Metal Products Plant was established in 1994 on the basis of the state-owned Kremenchuk Plant of Special Metal Structures and Communication Products through its corporatization. In 2008, Kryukiv Carriage Works (KVSZ) acquired Kremenchuk Metal Products Plant.
According to the NDU for the third quarter of 2023, AS Skinest Finants (Estonia), which is a shareholder of KVSZ, owns 75% of JSC Kremenchuk Metal Products Plant.
The authorized capital of the JSC is UAH 1067.2 thousand, the par value of the share is UAH 0.05.
In 2023, Ukrtransleasing PJSC received UAH 32.9 million in profit against UAH 59.79 million in losses a year earlier.
After the revocation of its license to conduct business activities in the provision of financial services, Ukrtransleasing focused on the development of freight forwarding services with railway rolling stock in 2023, the company’s press service said on Friday.
According to a press release, last year the volume of transportation in gondola cars carried out by the company increased by 38% compared to 2022. The company transported 3.05 million tons of cargo in gondola cars, including 2.38 million tons of coal (78%), 542.1 thousand tons of building materials (18%), and 74.4 thousand tons of iron and manganese ore (2%).
Grain car transportation increased by 46%. Grain carriers transported 370.2 thousand tons of grain, including 259.6 thousand tons of corn (70%), 38.6 thousand tons of wheat (10%), 43.5 thousand tons of soybeans (12%), and 20.7 thousand tons of rapeseed (6%).
“After the full-scale invasion of the Russian Federation, Ukrtransleasing’s operations are carried out in force majeure circumstances. The company is constantly in active search of relevant logistics solutions, while a significant part of the rolling stock is blocked due to active hostilities in the east of the country,” the statement said.
The company estimates the amount of losses incurred from the full-scale invasion at more than UAH 200 million.
It is noted that Ukrtransleasing remains a responsible taxpayer. During the two years of Russian military aggression, the company paid UAH 105.7 million in taxes to the budget. In addition, the company transferred UAH 20 million to a special account of the National Bank of Ukraine (NBU) to support the Armed Forces of Ukraine.
As reported, on September 1, 2023, the NBU revoked all existing licenses of Ukrtransleasing PrJSC (Kyiv) based on the company’s application. After that, the company was excluded from the Register of entities that are not financial institutions but have the right to provide certain financial services,
Ukrtransleasing was established in 1998 on the initiative of the Ministry of Transport and the Ministry of Industrial Policy of Ukraine. The company’s main activities are to provide leasing services to interested organizations of air and rail transport in the country. The main activities of the company are leasing (financial and operational) of air transport, railway rolling stock (wagons, locomotives) and provision of services for the transportation of goods in gondola cars and grain carriers. The company’s shareholders are Ukrzaliznytsia JSC (47.67%) and Lemtrans LLC (49.95%).
