JSC Ukrenergomashiny (Kharkiv), more than 75.22% of which is owned by the state, intends to allocate 80% of its net profit of UAH 203 thousand to pay dividends to shareholders for 2023.
According to the agenda of the remote extraordinary meeting on April 25, taking into account the basic dividend rate of 80% for most companies with a state share approved by the Cabinet of Ministers, Ukrenergomashiny will allocate UAH 162.228 thousand for dividends.
The remaining 20% of the profit is planned to be retained.
As reported, in 2022, Ukrenergomashiny allocated 50% of its net profit, or UAH 160 thousand, to dividends.
At the meeting, the shareholders plan, in particular, to approve the reports of the governing bodies, determine the main areas of activity in 2024, and approve a guarantee of the return of the advance payment under the agreement with AAEK CJSC (Armenia).
JSC Ukrenergomashiny (formerly JSC Turboatom and Electrotyazhmash) is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The company also produces, among other things, electric motors for railway and urban transport (Electrotyazhmash’s nomenclature).
In addition to the state, the shareholders (according to the NSSMC as of the third quarter of 2023) include the Seventh Investment Fund, which is affiliated with entrepreneur Konstantin Grigorishin and managed by AMC Svarog Asset Management, with 15.3416% of shares, and Russian citizen Valery Valandin with 5.598% of shares.
According to Clarity-project, in 2023, Ukrenomashiny JSC reduced its net income by 2.7 times compared to 2022, to UAH 376.3 million.
