PrJSC “Ukrainian Graphite” (“Ukrgrafit”, Zaporizhia) following the results of work in 2021, increased its net loss by 2.2 times compared to the previous year – up to UAH 317.514 million from UAH 144.408 million.
According to the information on the agenda of the annual meeting of shareholders scheduled for November 30 of this year, which will be held remotely, the undistributed profit of the enterprise at the end of last year amounted to UAH 3 billion 527.125 million.
At the meeting, the shareholders intend to hear the report of the directorate on the work in 2021, approve it and decide on covering losses from the retained earnings received by the plant in 2018.
The shareholders will also terminate the powers of the members of the supervisory board and elect a new one.
In addition, the meeting will determine the main directions of the company’s activities in 2022-2024, including the modernization of the roasting and graphitization divisions.
“Ukrgrafit” is a leading Ukrainian manufacturer of graphite electrodes for electric steel-smelting, ore-thermal and other types of electric furnaces, commercial carbon masses for Soederberg electrodes, carbon-based lining materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the fourth quarter of 2021, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of PJSC, C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of PrJSC is UAH 233.959 million, the nominal value of 1 share is UAH 3.35.
