Business news from Ukraine

Business news from Ukraine

“Ukrgraphit” increased its profit by 43 times in 3 months

29 April , 2023  

Ukrgraphite (Zaporizhia) increased its net profit by 42.9 times in January-March this year as compared to the similar period of the previous year – up to UAH 70.723 mln.
According to the interim report of the company, in the first quarter the company decreased its net profit by 11% – to UAH 437.326 mln.
The undistributed profits of the company as of the end of the first quarter of this year amounted to UAH 3 bln 776.257 mln.
As it was reported, Ukrgraphit reduced net income in 2022 by 41.4% compared to the previous year – to UAH 1 billion 545.562 million and received 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 manufacturer of graphitized electrodes for electric steel-making, ore-thermal and other types of electric furnaces, commodity carbon masses for Soderberg electrodes, carbon-based lining materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23,9841% of PrJSC, C6 Safe Group Limited (Cyprus) – 72,0394%.
The authorized capital of PrJSC – 233,959 million UAH, nominal value of 1 share – 3,35 UAH.

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