In 2024, PJSC Tovkach Mining and Processing Plant (TGZK, Pershotravneve, Zhytomyr region) received a net profit of UAH 1.260 million, compared to a loss of UAH 794,000 in 2023.
According to the annual report, TGZK’s net income in 2024 decreased by 50.7% compared to the previous year, to UAH 91.104 million.
Undistributed profit at the end of 2024 amounted to UAH 456.710 million.
As reported, TGZK received a profit of UAH 78 million 175,767 thousand in 2020, UAH 44 million 223,637 thousand in 2021, and UAH 14 million 659,029 thousand in 2022. The company ended 2023 with a net loss of UAH 794,133 thousand.
TGZK is a company engaged in the extraction, processing, and enrichment of quartzite. It is the main supplier of raw materials for the production of ferroalloys, refractories, and dinas in Ukraine.
TGZK is developing the Tovkachivska section of the Ovruch quartzite deposit in the town of Pershotravneve using open-pit mining methods.
According to the NDU data for the first quarter of 2025, Navaro Development Limited owns 5.1898% of the shares of the private joint-stock company, Lucrino Investments Limited owns 9%, Mantara Holdings Limited owns 72.0629%, and Duxton Holdings Limited (all based in Cyprus) owns 12.1891%.
The company’s authorized capital is UAH 1.6 million, and the nominal value of a share is UAH 2.25.
