The shareholders of Verkhnodniprovsky Machine-Building Plant JSC (VMZ, Dnipro region) plan to allocate UAH 43.107 million from retained earnings as of the end of 2023 for dividends, according to the agenda of the annual shareholders’ meeting scheduled for April 30.
According to the draft decision of the meeting, it is planned to pay dividends at the rate of UAH 1.61 per share (nominal value UAH 0.35). The remaining UAH 0.114 million is planned to remain undistributed.
The announcement does not contain any data on the company’s financial performance, but according to the Clarity-project resource, VMZ’s net profit in 2023 amounted to UAH 43.107 million, up 59.2% year-on-year, and retained earnings at the beginning of 2024 amounted to UAH 70.13 million.
According to the company’s website, based on the results of 2022, in the period from November 1, 2023, to April 29, 2024, it will pay dividends to shareholders in the amount of UAH 27.024 million (UAH 1.012 per share) out of the net profit of UAH 27.026 million.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, more than 62.13% of VMZ shares are owned by Viktor Rasporsky, Chairman of the Supervisory Board, and another 31.07% belongs to Andrey Rasporsky.
Verkhnedneprovsky Machine-Building Plant specializes primarily in the development and manufacture of specialized railway rolling stock, non-standard equipment for car building and car repair.
According to Clarity-project, in 2023, VMZ’s net income increased by 45.2% compared to 2022, to UAH 155.12 million.
