State-owned Oschadbank (Kyiv) has so far paid UAH 4.2 billion in income tax and UAH 0.7 billion in dividends to the budget based on the results of its operations in 2023 and plans to make another final payment of UAH 1.1 billion, the Oschadbank press service said at the request of Interfax-Ukraine on Wednesday.
“The budget will receive a total of UAH 6 billion from income tax and dividends, UAH 0.5 billion is taken into account in the calculations for previous periods,” the press service of the financial institution noted.
According to the finalized financial results, the bank earned UAH 6 billion in net profit last year, which, according to the bank, is the second highest figure in the market after PrivatBank.
As of March 1, 2024, Oschad ranked second in terms of total assets (UAH 376.4 billion) among 63 banks in the country.
The amount of income tax and dividends for 2023 that state-owned PrivatBank (Kyiv) transferred to the state budget amounted to almost UAH 50 billion, Yulia Metzger, a member of the bank’s Supervisory Board, said at the International Financial Club BANKIR conference.
“Already in February this year, the Supervisory Board decided that the bank had transferred to the budget an advance payment of dividends and income tax based on the results of the previous year in the amount of almost UAH 50 billion,” she said.
According to the NBU, PrivatBank’s pre-tax profit for 2023 amounted to UAH 72.77 billion, and income tax expenses amounted to UAH 35 billion. According to the government’s decision, 80% (UAH 30.2 billion) of the remaining net profit of UAH 37.76 billion should be used to pay dividends.
As reported, on February 12, Privat transferred the amount of income tax and the first tranche of dividends for 2023 in the amount of UAH 26 billion to the state budget in advance.
PrivatBank is the largest bank in the country, with total assets of UAH 848.64 billion as of March 1, 2024, or 25.9% of the assets of all 63 banks.
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.
JSC Ukrenergomashiny (Kharkiv), more than 75.22% of which is owned by the state, intends to allocate 80% of its net profit of UAH 203 thousand to pay dividends to shareholders for 2023.
According to the agenda of the remote extraordinary meeting on April 25, taking into account the basic dividend rate of 80% for most companies with a state share approved by the Cabinet of Ministers, Ukrenergomashiny will allocate UAH 162.228 thousand for dividends.
The remaining 20% of the profit is planned to be retained.
As reported, in 2022, Ukrenergomashiny allocated 50% of its net profit, or UAH 160 thousand, to dividends.
At the meeting, the shareholders plan, in particular, to approve the reports of the governing bodies, determine the main areas of activity in 2024, and approve a guarantee of the return of the advance payment under the agreement with AAEK CJSC (Armenia).
JSC Ukrenergomashiny (formerly JSC Turboatom and Electrotyazhmash) is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The company also produces, among other things, electric motors for railway and urban transport (Electrotyazhmash’s nomenclature).
In addition to the state, the shareholders (according to the NSSMC as of the third quarter of 2023) include the Seventh Investment Fund, which is affiliated with entrepreneur Konstantin Grigorishin and managed by AMC Svarog Asset Management, with 15.3416% of shares, and Russian citizen Valery Valandin with 5.598% of shares.
According to Clarity-project, in 2023, Ukrenomashiny JSC reduced its net income by 2.7 times compared to 2022, to UAH 376.3 million.
Pivdenkabel Plant JSC (Kyiv), a major Ukrainian cable manufacturer, ended 2023 with a net profit of UAH 87.65 million, down 38% from the same period in 2023, according to the information on the agenda of the company’s annual shareholders meeting on April 25.
According to the draft decision of the meeting on the distribution of last year’s profit, the company plans to pay dividends at the rate of 35% of the nominal value of a registered ordinary share (nominal value UAH 2) and UAH 2 per preferred share.
The authorized capital of Pivdenkabel Plant JSC is UAH 83.154 million, divided into 41 million 359 thousand 032 ordinary shares (99.5% of the capital stock) and 417 thousand 840 preferred shares (0.5% of the capital stock) with a par value of UAH 2.
Thus, it is planned to pay UAH 28.951 million in dividends on ordinary shares and UAH 0.84 million on preference shares.
The rest of the profit is planned to be retained.
According to the company, as of the beginning of 2024, its retained earnings amounted to UAH 910.55 million.
Over the past year, the plant managed to reduce its current liabilities by 5% to UAH 385 million, while long-term liabilities increased slightly to UAH 3.6 million.
The value of Pivdenkabel Plant’s assets increased by 2.3% to UAH 1 billion 886 million, including total receivables down 9.7% to UAH 147.5 million, cash down 14.6% to UAH 186.2 million, and inventories up 16% to UAH 882.9 million.
At the meeting, the shareholders plan to re-elect Volodymyr Zolotaryov as chairman of the board (CEO) for a new five-year term and to approve a seven-member board for the same term.
Pivdenkabel was founded in 1943 and offers more than 25,000 marks and sizes of products. It supplies cable products to nuclear and thermal power plants, industrial enterprises, mining and processing plants, oil fields and coal mines, subways, railways and public transport.
The company exports its products, among others, to Azerbaijan, Georgia, the Baltic States, Bulgaria, Germany, Norway, Poland, Portugal, France, Finland, and Israel.
The plant notes on its website that last year, among other things, it commissioned a 73.5 kW solar power plant, a solid fuel boiler, and a torsion machine.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2023, Cyprus-based Cable Industrial owns about 13.06% of the shares of the JSC, Pivdenkabelinvest-plus LLC owns more than 15.83%, Pivdenkabelprokat and Pivdenkabelinvest own 14.1% each. Another 9.85% is owned by Volodymyr Zolotaryov, Chairman of the Board, and 8.136% by Volodymyr Zolotaryov Jr.
The company’s beneficiaries, according to YouControl, are Volodymyr Mykhailovych and Volodymyr Volodymyrovych Zolotaryov.
According to the Clarity-project resource, in 2023, the company’s net income increased by almost 22% compared to 2022, to UAH 1 billion 968.4 million.
The shareholders of Kokhava Paper Mill JSC (KBF, Lviv region) will receive UAH 6.852 million in dividends for 2023 out of the net profit of UAH 137.043 million at the rate of UAH 2.41 per share of UAH 0.25.
The relevant information is contained in the agenda of the general meeting of shareholders of the company scheduled for April 25, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the draft decision of the meeting, the remaining UAH 130.19 million of net profit is planned to be left undistributed.
The authorized capital of the company is UAH 711.83 million, divided into 2 million 847 thousand 328 shares.
According to the NSSMC for the third quarter of 2023, almost 12% of the company’s authorized capital belongs to the Chairman of the Supervisory Board Mykhailo Tytykalo, his daughter and SB member Larysa Tytykalo – 8.49%, his granddaughter Maria Goryanska – 10%, Tamara Tytykalo – 15.5%, Supervisory Board members Oleksandr Telyatkov, Ihor Kostyrko and Roman Pirig – over 11.12%, 11.92% and 7.88%, respectively, and Oksana Serembytska – 7.88%.
The meeting plans to elect for a new three-year term the Supervisory Board chaired by Mykhailo Tytykalo and consisting of Larysa Tytykalo, Ihor Kostyrko, Oleksandr Telyatkov and Roman Pirig.
The Kokhavynka Paper Mill, which has been operating since 1939, produces base paper for sanitary and hygiene products, as well as waste toilet paper and paper towels under the Kokhavynka brand. In 2023, after the commissioning of a new paper machine, the company started producing cellulose sanitary products under the Kokhavynka Paper Mill and Mildi brands.
As reported, in 2023, the mill increased its production by 18% compared to 2022, to UAH 1 billion 151.2 million. Net profit increased 2.7 times.
