Business news from Ukraine

Business news from Ukraine

Novoselivsky Mining and Processing Plant Reports 7.8% Decline in First-Half Profit

PJSC “Novoselivsky Mining and Processing Plant” (NGZK, Kharkiv Oblast) saw its net profit decline by 7.8% in January–June of this year compared to the same period last year—to 12.480 million UAH from 13.536 million UAH.

According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period rose by 7.4%—to 112.440 million UAH.

Retained earnings as of the end of June 2026 amounted to 116.772 million UAH.

As previously reported, NGZK posted a net loss of 4.441 million UAH in January–March of this year, whereas in the same period last year it reported a net profit of 3.677 million UAH; revenue from ordinary operations for that period was 36.067 million UAH (47.396 million UAH).

According to the annual report, NGZK increased its net profit to 20.170 million UAH in 2025 from 18.938 million UAH in 2024. At the same time, revenue from ordinary operations for this period increased compared to 2024, rising to 190.631 million UAH from 168.553 million UAH.

In 2024, NGZK increased its net profit by 6.1% compared to 2023—to 18.938 million UAH, while net revenue rose by 11.6% to 168.553 million UAH.

The Novoselivsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel, and clay.

According to data from the National Securities and Stock Market Commission for the first quarter of 2026, Silica Holding LLC (Ukraine) owns 94.8205% of the public joint-stock company.

The authorized capital is 21.25 million UAH.

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Kovalska launches river sand extraction in Chernihiv region

The Kovalska Group has begun extracting river sand at the Zhavyne deposit in Chernihiv region, with a projected capacity of up to 145,000 cubic meters of sand per year, according to the company’s press service.

The company acquired the Zhavyne deposit in 2022, and in 2025, it completed the process of obtaining all the necessary approvals and expert opinions for its development: a special permit for subsoil use, a positive conclusion of the expert review of the working project for the development of the deposit, and approval of the project documentation by the State Labor Service of Ukraine. This deposit is the first and only sand deposit in Chernihiv. Before its launch, the nearest operating quarry was located 60–80 km from the city.

“We continue to invest in the development of our own raw material base, in particular in the extraction of river sand. And although the deposit in Chernihiv region has not yet reached its full capacity, it already provides Kovalskaya’s enterprises and our customers with high-quality raw materials for concrete, road construction, and landscaping,” said Serhiy Pylypenko, CEO of Kovalskaya.

River sand is used as a filler in dense concrete, as well as in road construction, landscaping, and reclamation.

The Kovalskaya Group owns and operates deposits and its own fleet for sand extraction on the Dnieper (Kyiv region) and Desna (Chernihiv region) rivers. The total capacity of the Kovalskaya Group’s sand deposits is up to 1 million tons per year. The fleet includes self-propelled and non-self-propelled barges, push tugs, floating cranes, and equipment for underwater soil development and loading onto floating vessels.

The Kovalskaya Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw material extraction, production, and construction. Its products are represented by the brands Beton vid Kovalskoi, Avenue, and Siltek. Kovalskaya’s enterprises operate in the Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in the Kherson region has not been operating since the beginning of the occupation.

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