PJSC “Ukrainian Mining and Metallurgical Company” (UMMC, Kyiv), one of the largest metal service companies in Ukraine, according to the results of work in 2021, reduced its net loss by 12.1 times compared to the previous year – to UAH 13.956 million from UAH 169.219 million.
As reported in the company’s announcement of holding the annual general meeting of shareholders remotely on December 1, its outstanding loss by the end of last year amounted to UAH 364.488 million.
Shareholders intend to make a decision to cover the loss at the expense of deferred profit.
The meeting also plans to approve major deals.
UMMC was established in 1998. It occupies a leading position among Ukrainian metal traders in sales of rolled metal products and pipes.
According to NDU data for the fourth quarter of 2021, Lanacomo Limited and Leadpoint Holding (both Cyprus) own 50% of UMMC shares.
The authorized capital of UMMC is UAH 22.028 million, the par value of a share is UAH 1.
