Business news from Ukraine

Vishnevsky Casting and Forging Plant doubled its profit

Vishnevskiy Casting and Forging Plant PJSC (VLKZ, Kyiv oblast) increased its net profit by 2.1 times last year compared to the previous year – up to UAH 7.099 mln.
According to the information for the annual general shareholders meeting of the company, appointed for April 24 of this year, which will be held remotely, the undistributed profit by the end of 2022 amounted to UAH 13.077 mln.
The shareholders intend to summarize the results of work in 2022, to distribute the net profit received last year in the amount of 7 million 98.521 thousand UAH in the following way: 50% of the profit, which amounts to 3 million 554.643 thousand UAH, to be allocated to the payment of dividends (2.48 UAH per share); the rest will be left undistributed.
Besides, the company plans to elect a new Supervisory Board, to make changes to its charter and to approve major transactions.
PJSC VLKZ was founded in 1990 on the basis of foundry and forging shops of Kiev Artem Production Association. It specializes in producing forging and foundry products.
According to the data from the National Depository of Ukraine as of the fourth quarter of 2022, “Golf and Country Club” (Ukraine) is the property of 18,5947% of the company, “Company of Aviation and Rocket-Technical Engineering” – 51,0001%.
Authorized capital is 358 th. UAH, par value – 0.25 UAH.

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