In 2023, Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million.
According to the company’s annual report, net income increased by 8.2% to UAH 2 billion 677.836 million last year.
At the same time, the company’s retained earnings amounted to UAH 248.899 million by the end of 2023.
As reported, in the first quarter of 2023, Dneprometiz earned a net profit of UAH 17.581 million, while it ended the same period in 2022 with a net loss of UAH 8.645 million, and net income increased by 54% to UAH 683.802 million.
In the first half of 2023, Dneprometiz posted a net profit of UAH 17.253 million against a loss of UAH 12.346 million a year earlier, while net income increased by 15.4% to UAH 1 billion 426.222 million.
“In January-September 2023, Dneprometiz posted a net profit of UAH 22.386 million, while the company ended the same period in 2022 with a net loss of UAH 14.371 million, and net income increased by 8.3% to UAH 2 billion 42.627 million.
“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.
As of the third quarter of 2023, the company is owned by T.A.S. Overseas Investments Limited (Cyprus) owned 98.6578% of the shares of PJSC Dneprometiz.
According to the annual report, the general meeting of shareholders of the company held on August 4, 2023, decided to liquidate Dneprometiz PrJSC by transforming it into Dneprometiz-TAS LLC (with a change of name). The state registration of the LLC as a result of the transformation took place on December 4, 2023.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
