PrJSC Ivano-Frankivskcement (Yamnytsia, Ivano-Frankivsk region) received UAH 1.31 billion in net profit in 2020, which is 60% more than in 2019.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission on the online annual meeting of shareholders on May 20, net earnings per share amounted to UAH 990.18 (versus UAH 618.68 in 2019).
Retained earnings of the company in 2020 increased by 37% compared to the previous year, to UAH 3 billion. Total accounts receivable increased by 56.4%, to UAH 533.5 million, long-term liabilities decreased by 24.7%, to UAH 772.9 million, and current ones by 1%, to UAH 1.27 billion.
Over 2020, the company’s assets increased by 12% and amounted to UAH 5.31 billion.
In addition, the shareholders intend to allocate UAH 215 million to pay dividends from profits for 2018 and 2019, and retain profit received over the last year. It is also planned to terminate the powers of the entire supervisory board of the company.
PrJSC Ivano-Frankivskcement was established in 1999 by transforming Ivano-Frankivsk Cement and Slate Combine, based on the cement plant in 1964. It is engaged in the production of cement, slate, plaster, and gypsum medical bandage. The enterprise exports its products to Romania, Moldova, and Belarus.
The major shareholder of the company for the first quarter of 2020 was CemIn West SA (96.6125%, Geneva, Switzerland). The ultimate beneficiary is Mykola Kruts.
The charter capital totals UAH 133.1 million as of for April 2021.