Business news from Ukraine

Business news from Ukraine

“UHL-Mash” plans to leave retained earnings for 2024

1 April , 2025  

UHL-Mash, a manufacturer of metal furniture for offices and retailers based in Kyiv, ended 2024 with a net profit of UAH 24.56 million and plans to leave it undistributed, according to the agenda of the general meeting of shareholders scheduled for April 28.

According to the draft decision of the meeting, it is planned to pay dividends in the amount of UAH 7.78 million from the retained earnings of 2016.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, 93.61% of the company’s authorized capital belongs to the Chairman of the Board Viktor Prikhodko.

The authorized capital of UHL-Mash JSC is UAH 460 thousand, with a share par value of UAH 20.
According to the company’s financial report for 2016, its net profit amounted to UAH 7.96 million, and retained earnings – UAH 19.45 million.

According to the Clarity Project, in 2024, the company’s revenue increased by 4.8% year-on-year to UAH 219 million, while net profit increased by 27.4%. Retained earnings at the beginning of this year amounted to UAH 159.6 million.

According to the company’s website, it was founded in 1994 on the basis of the Kyiv Research Machine-Building Plant.
The company produces metal office, office, industrial and laboratory furniture, equipment for car service stations, agricultural processing, safes, telecommunications and server equipment.

In 2003, the company organized a production complex for metal wardrobes and cellular cabinets in Boyarka.
Currently, the area of covered production facilities exceeds 16 thousand square meters. The company employs 350 people.

Among its regular customers are Privatbank, Metinvest, DTEK, and Interpipe.