Ukrainian Graphite PrJSC (Ukrgraphite, Zaporizhzhya) posted a net profit of UAH 128.230 million in January-September this year, up 0.7% year-on-year.
According to the company’s interim report, the company increased its revenue by 8.7% to UAH 1 billion 322.508 million in 9M2023.
The company’s retained earnings amounted to UAH 3 billion 833.682 million as of the end of September this year.
As reported, Ukrgraphite increased its net profit by 42.9 times year-on-year to UAH 70.723 million in January-March 2023, but reduced its net income by 11% to UAH 437.326 million.
In 1H2023, the plant earned a net profit of UAH 83.556 million, while it ended the same period last year with a net loss of UAH 22.135 million and increased revenue by 22.6% to UAH 938.909 million.
“In 2022, Ukrgraphite reduced its net income by 41.4% year-on-year to UAH 1 billion 545.562 million, earned a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.
“Ukrgraphite is Ukraine’s leading producer of graphitized electrodes for electric steel-making, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based lining materials for metallurgical, machine-building, chemical and other industries.
According to the National Depository of Ukraine (NDU), as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of the company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of the company is UAH 233.959 million, with a par value of UAH 3.35 per share.
