Business news from Ukraine

“Ukrgraphite” has received UAH 83.5 mln profit in first half of year

PJSC “Ukrainian Graphite” (“Ukrgraphite”, Zaporizhzhya) according to the results of work in January-June of the current year received net profit in the amount of UAH 83.556 mln, whereas it finished the same period of the last year with net loss of UAH 22.135 mln.

According to the company’s interim report, the company increased its income by 22.6% to UAH 938.909 mln in the first half of the year.

The company’s retained earnings at the end of the first half of this year amounted to UAH 3 billion 789.045 million.

As reported, “Ukrgrafit” in January-March-2023 increased net profit 42.9 times compared to the same period of the previous year – up to UAH 70.723 million, but reduced net income by 11% to UAH 437.326 million.

“Ukrgrafit” in 2022 reduced net income by 41.4% year-on-year to UAH 1 billion 545.562 million, received a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.

“Ukrgraphit” is Ukraine’s leading producer of graphitized electrodes for electric steelmaking, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, carbon-based lining materials for enterprises of metallurgical, machine-building, chemical and other industrial complexes.

According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of PJSC, C6 Safe Group Limited (Cyprus) – 72.0394%.

Authorized capital of Private JSC is UAH 233.959 mln, nominal value of 1 share is UAH 3.35.

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“Ukrgraphite received UAH 1.6 mln of profit

PJSC “Ukrainian Graphite” (Ukrgraphite, Zaporizhia) in January-March of the current year received a net profit of UAH 1.649 mln, while the company finished the similar period of the last year with a net loss of UAH 111.830 mln.
According to the interim report of the company, over this period net income decreased by 7.4% – to UAH 491.581 mln.
Undistributed profits made up UAH 3 bln 528.788 mln at the end of March 22.
As it was reported, in 2021, Ukrgraphit increased its loss by 2.2 times compared to the previous year – up to UAH 317.514 mln from UAH 144.408 mln.
“Ukrgraphite is Ukraine’s leading producer of graphitized electrodes for electric steel-making, ore-thermal and other kinds of electric furnaces, commodity carbon masses for Soderberg electrodes, carbon-based lining materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2021, Intergraphite Holdings Company Limited (Bermuda) owns 23,9841% of PrJSC, C6 Safe Group Limited (Cyprus) – 72,0394%.
The authorized capital of PrJSC – 233,959 million UAH, nominal value of 1 share – 3,35 UAH.

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