Production Enterprise Tekhmash JSC (Dnipro) plans to allocate UAH 5 million of retained earnings for dividends in 2023 at the rate of UAH 16,667 thousand per share with a par value of UAH 8.
According to the draft decision of the general meeting of shareholders of the JSC published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) on April 11, dividends are planned to be paid by October 11, 2024.
According to the company, in 2023, according to preliminary data, it received UAH 0.19 million in net profit compared to UAH 0.51 million a year earlier, and retained earnings at the beginning of this year amounted to UAH 76.13 million.
As of the third quarter of 2023, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoits, while four other individuals hold a total of 28% of the shares. The authorized capital of the company is UAH 2.4 million.
According to the company, in 2023, Tekhmash reduced its current liabilities by 22.5% compared to 2022, to UAH 47.76 million, and long-term liabilities to zero compared to UAH 1.9 million.
The company managed to reduce its total receivables by almost 40% to UAH 49.62 million over the year, while the value of assets decreased by 17% to UAH 134.62 million. At the same time, inventories grew by 30% to UAH 31.15 million, and cash by 29.7% to UAH 18.56 million.
The company, according to Clarity-project, increased its net sales revenue by 19.2% in 2023 to UAH 165.28 million compared to 2022.
At the beginning of this year, it employed 229 people, down 23% from a year earlier.
Techmash’s core business is the installation of process equipment, pipelines, and the manufacture of equipment for various industries, including conveyors (scraper, belt, and screw), tank equipment, metal structures, and aspiration air ducts.
