PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) whose major shareholder is the largest steel producer, ArcelorMittal, will channel UAH 10.845 billion into payment of dividends, which will be UAH 2.81 per ordinary registered share.
This decision was taken by shareholders of PJSC ArcelorMittal Kryvyi Rih at an extraordinary general meeting on October 10, the company’s press service said.
The procedure and timing for the payment of the dividends will later be determined by the enterprise’s supervisory board. After that, the funds will be transferred to shareholders. At the same time, it is specified that, according to the Law on Joint-Stock Companies, dividends must be paid within six months from the date of the decision by a meeting of shareholders.
The press service recalls that the last time dividends were paid for 2007, before the 2008-2009 crisis. After that, ArcelorMittal use funds to modernize production and carry out large-scale investment projects. The current dividend payment will not affect the implementation of the investment program. In the next five years, $1.8 billion will be invested in the development of production. Of the amount, about $300-350 million is to be invested in the construction of a pelletizing factory. It will produce pellets that will partially replace sinter as raw materials for blast furnaces. Therefore, the enterprise will be able to close two worn sinter plants and thereby reduce emissions by 50–55%, according to the press service.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. Its staples are long products, in particular, reinforcing bars and wire rods.
ArcelorMittal owns the largest mining and metallurgical plant ArcelorMittal Kryvyi Rih in Ukraine and a number of small companies, in particular PJSC ArcelorMittal Beryslav.
JSC Ukrtransnafta has transferred 100% of its net profit in the amount of UAH 1.463 billion for 2018 in dividends to Naftogaz Ukrainy.
The press service of the company said last year the company also sent 100% of its net profit for 2017 in the amount of UAH 2.139 billion to pay dividends.
As reported, Ukrtransnafta in 2018 reduced its net profit by 31.6% (by UAH 676.454 million) compared to 2017, to UAH 1.463 billion. Net sales income rose by 2.3%, to UAH 3.873 billion, while gross profit decreased by 21.2%, to UAH 1.452 billion.
In 2018, Ukrtransnafta transported 15.436 million tonnes of oil, including 13.335 million tonnes in transit to European refineries, 1.344 million tonnes of domestic oil and 680,500 tonnes of imported oil to the refineries of Ukraine.
Ukrtransnafta, 100% managed by NJSC Naftogaz Ukrainy, is the operator of the oil transportation system of Ukraine.
The Board of Directors of Myronivsky Hliboproduct (MHP) on March 19, 2019 approved the payment of annual dividends in the amount of $0.7492 per share for 2018, which is equal to approximately $80 million and the same as paid last year.
According to a company report on the website of the London Stock Exchange on Wednesday, the announcement will be published in a due course.
As reported, net profit of MHP in 2018 fell by 44.3% compared with 2017, to $128 million.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.
PJSC Koblevo (Mykolaiv region), one of the largest wineries in Ukraine, intends to pay UAH 80 million in dividends for 2015-2017.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the relevant issue was put on the agenda of an extraordinary general meeting of the company’s shareholders scheduled for September 27, 2018.
According to the draft decision on dividend payment, UAH 7.389 million will be paid for 2015, some UAH 68.103 million for 2016, and UAH 4.508 million for 2017.
Payment can be made from October 17, 2018 to March 26, 2019.
Koblevo is part of Bayadera Group, established in 1991. Its owners are Natalia Bondareva and Sviatoslav Nechytailo.
The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic drinks in Ukraine and Belarus, and is an exclusive importer of the world alcohol brands in Ukraine.
The main trademarks are Hlibny Dar, Kozatska Rada, Persha Gildiya, Celsius, Koblevo, Marengo, and others.
PJSC Ukrgazvydobuvannia will pay dividends to its sole shareholder Naftogaz Ukrainy from August 22 to August 30, 2018, Ukrgazvydobuvannia reported in the information disclosure system of the National Commission on Securities and the Stock Market. Payments will be made in accordance with the decision of Naftogaz dated August 3. As reported, Ukrgazvydobuvannia in 2017 increased its net profit by 2.6 times (by UAH 18.553 billion) compared to 2016, to UAH 30.473 billion, net income by 36.4% (by UAH 20.051 billion), to UAH 75.092 billion, gross profit by 2.2 times (UAH 23.057 billion), to UAH 42.062 billion.
Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is the country’s largest gas producer, which provides about 75% of the total gas production in the country.
State-owned Ukreximbank (Kyiv) has sent part of its net profit for 2017 in the amount of UAH 588 million to pay dividends to the national budget of Ukraine.
The payment was made in line with the requirements of the law on the management of state-owned entities and government resolution No. 139 dated February 28, 2018 on the approval of the basic requirement for sending part of profit sent to pay dividends by companies where the state holds shares for 2017.
The requirement for Ukreximbank is 75% of net profit for 2017.
Ukreximbank was founded in 1992. Its sole owner is the state.
The bank ranked third among 84 banks operating in the country as of January 1, 2018 in terms of assets (UAH 171.011 billion), according to the National Bank of Ukraine.