Business news from Ukraine

Business news from Ukraine

Gorodysche-Pustovarivsky Sugar Plant will allocate 4.1 mln UAH in profits toward development

According to Fixygen, shareholders of JSC “Gorodysche-Pustovarivsky Sugar Plant” (Kyiv Oblast), a member of the “Gals Agro” group, plan to allocate the profit of UAH 4.086 million earned in 2025 toward the development of production and business operations at the annual remote general meeting on April 18.

According to the company’s filing in the NSSMC’s disclosure system, the agenda also includes the approval of the results of financial and economic activities and the supervisory board’s report for 2025.

In addition, shareholders will consider the issue of granting preliminary consent to enter into significant transactions during the year following the adoption of the resolution. This refers to transactions whose value exceeds 25% of the company’s asset value based on the latest annual financial statements, with a maximum aggregate value of UAH 205.1 million. The list of such transactions includes obtaining loans, credits, and other banking products; pledging or mortgaging property; providing guarantees for third-party obligations; as well as the purchase, sale, rental, and leasing of property.

According to data from the Opendatabot service, JSC “Gorodysche-Pustovaryvsky Sugar Plant” increased its revenue by 23.97% in 2025—to UAH 398.4 million compared to 2024 (UAH 321.36 million). Net profit for the reporting period amounted to UAH 4.086 million, compared to a loss of UAH 1.12 million a year earlier. The company’s debt obligations increased by 19.13% over the year—to UAH 645.9 million, while assets rose by 22.2% to UAH 820.4 million. The number of employees increased by 31 to 123.

JSC “Gorodysche-Pustovaryvsky Sugar Plant” (Kyiv Oblast) was founded in May 1997 and specializes in sugar production. The company’s authorized capital is UAH 6.347 million.

The plant’s beneficiaries are Serhiy Kravchuk, Vadym Vaisapir, Mykhailo Yevstratov, Volodymyr Gavrylenko, and Mykola Gavrylenko. The company’s main shareholder, with a 79.9% stake, is Gals Agro LLC.

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Kharkiv-based “Svitlo Shakhtaria” plant will not distribute its 2025 profits

JSC “Kharkiv Machine-Building Plant ”Svitlo Shakhtaria,” which is part of DTEK Energy’s machine-building assets, plans not to distribute the profit earned in 2025, according to information included in the agenda for the company’s general meeting of shareholders on April 27, published in the NSSMC’s information disclosure system.

“The profit earned based on the company’s performance in 2025 shall not be distributed,” states the draft resolution on this matter.

As previously reported, the shareholders also decided not to distribute the profit for 2024.

The amount of net profit earned by the company in 2025 is not specified in the notice; however, according to data from the YouControl project, it amounted to UAH 89.57 million—5.3 times less than the 2024 figure.

Retained earnings as of the beginning of this year amounted to UAH 575 million.

At the meeting, shareholders plan, in particular, to appoint Standard-Audit LLC as the auditor of the financial statements for 2026 and 2027 and to set the cost of its services at no more than UAH 169,500 per year (excluding VAT).

The plant’s main specialization includes scraper conveyors, loaders, coal mining combines, and underground transformer substations.

According to YouControl, the plant’s revenue decreased by 17.6% last year compared to 2024, down to UAH 1.57 billion.

“DTEK Energo” is an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s “DTEK” holding.

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Concern-Electron saw its net profit drop by factor of 3.3 to 17.2 mln UAH

JSC “Concern-Electron” (Lviv) ended 2025 with a consolidated net profit of UAH 17.22 million, which is 3.3 times less than the corresponding figure for 2024, according to the company’s financial statements.

According to the consolidated financial report published on the group’s website, net revenue for the past year decreased by 10.4% to 671.1 million UAH.

In addition to the parent company, the “Concern-Electron” group includes 12 assets, and according to the financial statements of the parent company, JSC “Concern-Electron,” it reduced its net profit by more than four times last year—to 12.6 million UAH, with net revenue amounting to 0.39 million UAH (the same as in 2024).

According to the draft resolutions of the general meeting of shareholders scheduled for April 27, the Concern plans to allocate UAH 15 million for dividend payments at a rate of UAH 1 per share (with a par value of UAH 3.5).

“The financial results allow for the payment of dividends to shareholders in an amount no less than last year,” the company’s report states.

The owners of more than 5% of the shares of JSC “Concern-Electron” are President and Chairman of the Management Board Yuriy Bubes (5.6% of shares), Chairman of the Supervisory Board Serhiy Medvedev (5.05%), as well as Viktoria Starodub (11.5%) and Mykhailo Sholomitsky (6.43%).

According to the report, the manufacturer of car heaters and heat exchangers, “Sferos-Electron,” recorded the highest sales and profit figures within the concern in 2025, increasing its net revenue by 15% to UAH 250 million and its net profit by more than 45% to UAH 43 million.

At the same time, one of the group’s main assets—the vehicle manufacturer Electronmash Plant LLC—reported a 2.9-fold drop in net revenue to 84 million UAH and a loss of over 23 million UAH.

However, the report notes that last year the plant delivered the first four trolleybuses with autonomous range to Ivano-Frankivsk, and in March 2026 delivered another five to the carrier.

“According to the requirements of the contract documentation, the trolleybuses must provide an autonomous range of at least 15 km. At the same time, thanks to the implementation of modern technical solutions, the actual range in autonomous mode exceeds 50 km,” the concern states.

Work is also continuing on the contract to supply 17 trolleybuses to Ternopil (funded by the EBRD) and 9 electric buses to Uzhhorod.

Contracts have also been signed for the delivery of 48 low-floor buses with Euro 6-compliant engines to Lviv and five buses to Rivne.

“The plant plans to manufacture and deliver these buses in 2026,” the document states.

In addition, Elektrontrans LLC completed a project to retrofit ten Lviv trolleybuses with an autonomous driving system. In 2025, six such trolleybuses were transferred to Lvivelektrotrans.

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Revenue at China’s major industrial enterprises rose by 15% in first two months of year

The combined profits of China’s large industrial companies in January–February 2026 rose by 15.2% compared to the same period last year—to 1.02 trillion yuan ($147.6 billion), according to a report by the National Bureau of Statistics (NBS). Industrial enterprises with annual revenue exceeding 20 million yuan are considered large.

The growth was the strongest for this period since 2018, notes Trading Economics.

Profits of state-owned companies increased by 5.3% over the first two months of this year, while those of private companies jumped by 37.2%.

Significant profit growth in January-February was recorded in the computer and communications equipment manufacturing segment (3-fold) and ferrous metal production (2.5-fold), as well as in the chemical industry (+35.9%).

By the end of 2025, the profits of large industrial enterprises increased by 0.6%.

 

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Druzhkivka Metal Products Plant increased its net profit by 6.7% to 16.7 mln UAH

PJSC “Druzhkivka Metal Products Plant” (DZMV, Donetsk Oblast) reported a 6.7% increase in net profit for 2025 compared to 2024, reaching UAH 16.716 million.

According to the company’s announcement in the disclosure system of the National Securities and Stock Market Commission (NSSMC) regarding the remote general meeting of shareholders to be held on April 27, there are nine items on the agenda. In particular, the meeting is scheduled to review the company’s supervisory board report for 2025, approve the results of financial and operational activities for the past year and the distribution of profits, and determine the main areas of activity for 2026.

Shareholders will also give preliminary consent for the company to enter into significant transactions, approve the charter, and adopt new versions of the regulations “On the General Meeting of Shareholders” and “On the Supervisory Board.”

In addition, the meeting will elect members of the supervisory board.

Draft resolutions, copies of which are available to the Interfax-Ukraine agency, regarding the agenda item on profit distribution propose approving the net profit for 2025 in the amount of UAH 16.716 million, to be retained without distribution.

It is also proposed to elect a four-member supervisory board for a three-year term, consisting of Valery Malikov, Anton Malikov, Andriy Shapovalov, and Oleksiy Spiridonov.

DZMI’s net profit in 2024 amounted to UAH 15.671 million, in 2023 – UAH 24.049 million, and in 2022 – UAH 33.832 million.

PJSC “Druzhkivka Metal Products Plant” specializes in the production of metal fasteners: bolts, nuts, and rivets for general mechanical engineering, fasteners for railway track superstructures, and high-strength fasteners for building and bridge structures. In May 2022, the company issued an order terminating employment contracts due to Russia’s military aggression and the impossibility of carrying out production and business activities. Later, the company changed its legal address from Druzhkivka, Donetsk Oblast, to Dnipro, Dnipropetrovsk Oblast.

According to the State Register of Legal Entities as of the fourth quarter of 2025, 14.9949% of the company’s shares were owned by individual Alexei Spiridonov, 13.0304% by Olena Mishchenko-Solonaya (a resident of Spain), 24.5167% by Irina Mishchenko, Serhiy Popkov – 5.8611%, Anton Malikov – 9.75%, Olena Malikova – 8.25%, and Valeriy and Dmytro Malikov – 9.774% each.

The company’s authorized capital is 3.323 million UAH, and the par value of one share is 0.05 UAH.

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VUSO Insurance Company plans to pay out over 20 million UAH in dividends from retained earnings for 2024

Shareholders of VUSO Insurance Company (Kyiv) plan to approve a resolution at the meeting scheduled for April 29 to allocate UAH 20.013 million from the remaining net undistributed profit for 2024, which totals UAH 98.811 million, for the payment of dividends.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining undistributed profit for 2024 in the amount of UAH 78.799 million will remain undistributed.

The meeting agenda states that dividends will be paid at a rate of UAH 0.73 per share. Dividends will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date of the relevant resolution by the general meeting of shareholders.

In addition, the shareholders plan to approve the results of financial and economic activities (annual financial statements) for 2025. And to leave the profit earned by the company in 2025 undistributed.

As reported, at a meeting held from December 4 to 9, 2025, the shareholders of IC “VUSO” decided to allocate UAH 20.013 million of the confirmed undistributed profit for 2024, amounting to UAH 118.824 million, for the payment of dividends. The remaining profit for 2024, amounting to 98.811 million, is to be retained.

VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), a participant in the Direct Loss Settlement Agreement, and a member of the Nuclear Insurance Pool.

In 2024, the company collected UAH 3.462 billion in gross premiums, which is 29.3% more than in 2023; the company’s net premiums increased by 25.55% to UAH 3.105 billion, and net earned premiums by 15.83% to UAH 2.737 billion. It paid out UAH 1.414 billion to clients, which is 45.40% higher than the volume of insurance payments and reimbursements for 2023.

As of January 1, 2025, the insurer’s assets increased by 25.76% to UAH 1.917 billion, equity by 22.45%

to UAH 755.839 million, liabilities increased by 28.01%—to UAH 1.161 billion,
cash and cash equivalents—by 36.09%, to UAH 758.730 million.

 

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