Business news from Ukraine

Business news from Ukraine

Oranta shareholders to allocate over UAH 40 mln for dividends

Shareholders of PJSC National Joint Stock Insurance Company Oranta (Kyiv) plan to allocate UAH 40.667 million of net profit for 2024 to pay dividends.

This is stated in the information system of the National Securities and Stock Market Commission (NSSMC) in the draft decisions of the company’s shareholders’ meeting scheduled for May 19.

During the meeting, shareholders also plan to approve the amount of dividends per ordinary registered share in the amount of UAH 0.20 and determine that the payment of dividends will be carried out through the depository system of Ukraine in accordance with the procedure established by the supervisory board of NASK Oranta.

As reported, NASK Oranta increased its premium income by 54% in 2024 to UAH 2.35 billion compared to the same period last year, while the volume of payments increased by 22% to UAH 155.2 million.
Over the past year, the company paid out UAH 657 million in claims, which is 25% more than in 2023. The increase in payments is associated with the growth of the portfolio and the number of settled insurance events.

Thus, UAH 487 million (+34%) was paid out under MTPL policies, and UAH 99 million under Green Card agreements. The volume of premiums from legal entities increased by 26% last year.
Its profit amounted to UAH 157 million thanks to an effective tariff policy and expansion of the customer base. Insurance reserves grew by 44% to UAH 1.35 billion, ensuring the insurer’s financial reliability.

NASK Oranta is the successor to Ukrderzhstrakh, founded on November 25, 1921, and has been operating in Ukraine for over 100 years.
The company has been a full member of the MTIBU since 1994 and a member of the Nuclear Insurance Pool since 2003.

The insurer’s main shareholder is the Ukrainian business group DCH. The company has 33 licenses for compulsory and voluntary types of insurance, its network includes over 400 representative offices, and its agency network brings together over 2,000 insurance experts.

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“Kyiv Radio Plant” to pay UAH 285 thousand in dividends to shareholders

Kyiv Radio Plant JSC, 50% of which is owned by the State Committee of Ukraine (SCU), will pay dividends to shareholders totaling UAH 285.6 thousand from May 14 to June 14 this year at the rate of UAH 0.001019 per share of UAH 0.25.

According to the publication in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made by the general meeting of shareholders on April 28, 2025.

The State Treasury owns 140 million 181 thousand 999 shares of the company, while the second shareholder, Sodruzhestvo-Progress PrJSC, owns two more shares. The authorized capital of Kyiv Radio Plant JSC is UAH 70.09 million.

The plant’s main specialization is the production of aircraft and spacecraft and related equipment. The company also designs and manufactures elevators.

According to Opendatabot, in 2024, the plant earned UAH 0.357 million in net profit (a year earlier – UAH 0.285 million), while net income decreased by 9% to UAH 162.3 million.

At the beginning of this year, the plant employed 115 people.

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Tekhmash shareholders will receive UAH 16.7 thousand per share

By October 10, 2025, JSC “Production Enterprise ‘Tekhmash’ (Dnipro) will pay dividends to shareholders for 2024 totaling UAH 5 million from retained earnings.

According to the company’s announcement in the NSSMC disclosure system, the relevant decision was made on April 10 at the general remote shareholders’ meeting.

Dividends will be paid at the rate of UAH 16.667 thousand per share (par value UAH 8).

As reported, in 2023, the company also paid UAH 5 million in dividends from retained earnings.

According to the Clarity Project, last year the company made a net profit of UAH 2.83 million (compared to UAH 0.19 million in 2023), with net income increasing by 35% to UAH 223.4 million.

Retained earnings at the beginning of the year amounted to UAH 66.74 million (UAH 76.13 million a year earlier).

As of the fourth quarter of 2024, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoitsyn, and four other individuals own 28% of the shares in total. The authorized capital of the company is UAH 2.4 million.

The main specialization of OP Tekhmash is the installation of technological equipment, pipelines, manufacturing of conveyors (scraper, belt, screw), capacitive equipment, metal structures, and aspiration air ducts.

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“DnSZ” to pay UAH 420 mln in dividends to shareholders

Dneprovsky Railway Switch Plant JSC (DnSZ, Dnipro) will pay dividends to shareholders totaling UAH 420 million from its net profit of UAH 540.4 million between April 22 and October 1 this year.

According to a statement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision was made by the general meeting of shareholders on March 26. Dividends will be paid at the rate of UAH 1.65 thousand per ordinary share of UAH 10.5.

As reported, based on the results of its operations in 2023, SESP paid UAH 112 million in dividends to shareholders (out of the net profit of UAH 510.86 million) at the rate of UAH 440 per share of UAH 10.5.

As of the end of 2024, 20.154% of the shares of DnSZ JSC are owned by Johnen Capital Limited (Cyprus), 5% are owned by Dnipro City Council member Zahid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of the shares, respectively, and another 18.2959% are owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF-U).

Among the shareholders who own more than 5% of the shares of DnSZ JSC are also the chairman of the board Sergiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valeriy Kryachko (7.3%).

DnSZ specializes in the production of track superstructure elements: switches, blind crossings of various brands, and leveling devices. The products are sold mainly in Ukraine and exported to more than eight countries.

As reported, in 2024, the plant increased its consolidated net income by 29.3% compared to 2023, to UAH 2 billion 380 million.

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VUSO plans to pay UAH 45 mln in dividends to shareholders for 2023

At the meeting on February 7, the shareholders of VUSO Insurance Company (Kyiv) plan to decide to allocate UAH 44.959 million of retained earnings for 2023 for dividends, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
At the same time, it is specified that the rest of the profit for 2023 in the amount of UAH 16.106 million is planned to remain undistributed. The company’s total net profit for 2023 amounted to UAH 61.065 million.
The agenda of the meeting also specifies that 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 decision by the general meeting of shareholders.
VUSO Insurance Company was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, and is represented in all regions of Ukraine. VUSO is a member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), the League of Insurance Organizations of Ukraine, and the Nuclear Insurance Pool.

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Shareholders decided to rename Insurance Company Garantiya PJSC

PJSC Insurance Company Garantiya will be renamed PJSC Garantiya, changing its main activity from insurance to insurance agents and brokers.

This is reported in the agenda of the meeting of shareholders of the company, scheduled for January 28, information about which is posted in the system of the National Commission on Securities and Stock Market.

Also the company, in particular, plans to engage in other auxiliary activities in the field of insurance and pension provision, in the field of law, accounting and auditing; consulting on taxation, consulting on commercial activities and management, providing information services and renting and operating its own or leased real estate.

As reported, PJSC Insurance Company Garantiya voluntarily withdrew from the market by transferring its insurance portfolio to PJSC Insurance Group TAS.

According to the statements for 2023 presented by the company, its insurance portfolio of the company was formed mainly by payments under contracts of compulsory motor TPL insurance – 77% and health insurance – 10%.

The volume of insurance premiums of the company in the specified period amounted to UAH 33,993 mln, formed insurance reserves – UAH 17,645 mln, payments – UAH 27,214 mln. The share of the company in insurance premiums in the insurance market is 0,08%.

After SG “TAS” informed that since September 9, 2024 it assumes the fulfillment of obligations under insurance contracts concluded by Private JSC “Insurance Company ‘Garantiya’.

 

 

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