Business news from Ukraine

Business news from Ukraine

“Ukrgraphite” has received UAH 83.5 mln profit in first half of year

1 August , 2023  

PJSC “Ukrainian Graphite” (“Ukrgraphite”, Zaporizhzhya) according to the results of work in January-June of the current year received net profit in the amount of UAH 83.556 mln, whereas it finished the same period of the last year with net loss of UAH 22.135 mln.

According to the company’s interim report, the company increased its income by 22.6% to UAH 938.909 mln in the first half of the year.

The company’s retained earnings at the end of the first half of this year amounted to UAH 3 billion 789.045 million.

As reported, “Ukrgrafit” in January-March-2023 increased net profit 42.9 times compared to the same period of the previous year – up to UAH 70.723 million, but reduced net income by 11% to UAH 437.326 million.

“Ukrgrafit” in 2022 reduced net income by 41.4% year-on-year to UAH 1 billion 545.562 million, received a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.

“Ukrgraphit” is Ukraine’s leading producer of graphitized electrodes for electric steelmaking, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, carbon-based lining materials for enterprises of 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 PJSC, C6 Safe Group Limited (Cyprus) – 72.0394%.

Authorized capital of Private JSC is UAH 233.959 mln, nominal value of 1 share is UAH 3.35.

,