The shareholders of Verkhnodniprovsky Machine-Building Plant JSC (VMZ, Dnipro region) plan to allocate UAH 17.09 million for dividends out of retained earnings of UAH 34.095 million as of the end of 2024, according to the agenda of the annual shareholders’ meeting scheduled for April 28.
According to the draft decision of the meeting, it is planned to pay dividends at the rate of UAH 0.64 per share (nominal value UAH 0.35). It is planned to leave the remaining UAH 17 million undistributed.
The announcement does not contain any data on the company’s financial performance, but according to the Clarity-project, VMZ’s net profit in 2024 amounted to UAH 33.94 million, down 21.3% from a year earlier.
According to the company’s website, in 2023, from June 28 to October 30, 2024, dividends totaling UAH 43.1 million (UAH 1.61 per share) were paid to shareholders out of retained earnings of UAH 70.13 million.
At the meeting, shareholders also plan to terminate the powers of the chairman and members of the supervisory board ahead of schedule and elect the same three-member board.
According to the National Securities and Stock Market Commission as of the third quarter of 2024, Viktor Rasporsky, Chairman of the Supervisory Board, owns more than 62% of VMZ JSC shares, and Andriy Rasporsky owns about 31.07%.
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 2024, VMZ’s net income increased by 4% compared to 2023, to UAH 161 million.
