Business news from Ukraine

Kyiv Metal Products Plant increased its profit 6 times

Pismennyenny Kyiv Metal Products Plant, PJSC has increased its net profit by 6.1 times compared with the previous year – up to UAH 2.523 mln.
According to the company’s announcement about the annual meeting of shareholders, which will be held on April 28, the undistributed profits at the end of last year amounted to 6.138 mln hryvnia.
At the meeting the shareholders are invited to consider the results of activity in 2022, to update the charter and to decide on profit. It is suggested to leave the profit for 2022 undistributed.
Kiev Pismenny Metal Products Plant previously specialized in the production of metal mesh. Currently, it rents out real estate and provides parking services. The average number of employees in 2019 was 17 people.
According to the NDU as of the fourth quarter of 2022, Oswell International S.A. Limited (UK) owns 42.8712% of the company, individuals Sergei Vakulenko, Natalia Vakulenko and Sergei Popov (all residents) own 9.6495%, 13.8178% and 6.3676% of the PrJSC respectively.
The charter capital of PJSC is UAH 4.138 mln, the par value of the share is UAH 140.

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Mukachevo-based Tochpribor increased its net profit

JSC Mukachevo Tochpribor plant (Transcarpathian region), a major Ukrainian manufacturer of electronic components, has reported a net profit of UAH 24.08 mln in 2022, which is 8.2 times higher than in 2021, according to preliminary data.
According to the company’s information for the April 28 general meeting of shareholders on the results of its work in 2021-2022, by the beginning of 2023 undistributed profits amounted to 176.33 million UAH (previous year – 152.25 million UAH).
The shareholders intend to direct the entire profit for 2021 (UAH 2.94 mln) and for 2022 to replenish the working capital and not to pay out dividends.
According to the publication, last year the plant increased its current liabilities by 39.5% to UAH 97.48 mln, and its long-term liabilities increased by 51.4% to UAH 4.88 mln.
The value of company assets increased by 23.3% to UAH 282.48 million, including total receivables decreased by 14% to UAH 73.1 million, and cash and cash equivalents increased 5.5 times to UAH 69.58 million.
The agenda of the meeting includes, in particular, the issues of changing the main type of activity from “production of instruments and equipment for measuring, research and navigation” to “production of electrical and electronic equipment for the automotive industry”.
It is also planned to supplement the list of activities with the production of ready-made metalware, locks and door hinges, as well as the provision of real estate for rent. Also the shareholders intend to re-elect the council for three years.
According to the National Securities and Stock Market Commission (SSMSC) for the fourth quarter of 2022, almost 90% of Mukachevo Ttochpribor shares belong to Cyprus-registered Moroudon Investments Limited, while the ultimate beneficiaries in the state register are Irina Zodiatu and Gabriella Lazaridou.
Mukachevo-based Tochpribor specializes in the production of cable modules, loudspeakers for the automotive industry and transformers for telephone charging stations, cooperating with a number of foreign companies on the basis of tolling agreements.
According to the company’s financial report, it cut its net profit 4.7 times in 2021 to UAH 2.94 million, while its net income rose 45.7% to UAH 160.53 million.
Siemens, Nokia, Philips Motorola, Volkswagen, and General Motors were among the main consumers of the products.
By the beginning of 2022 the plant employed over 900 people.

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Vishnevsky Casting and Forging Plant doubled its profit

Vishnevskiy Casting and Forging Plant PJSC (VLKZ, Kyiv oblast) increased its net profit by 2.1 times last year compared to the previous year – up to UAH 7.099 mln.
According to the information for the annual general shareholders meeting of the company, appointed for April 24 of this year, which will be held remotely, the undistributed profit by the end of 2022 amounted to UAH 13.077 mln.
The shareholders intend to summarize the results of work in 2022, to distribute the net profit received last year in the amount of 7 million 98.521 thousand UAH in the following way: 50% of the profit, which amounts to 3 million 554.643 thousand UAH, to be allocated to the payment of dividends (2.48 UAH per share); the rest will be left undistributed.
Besides, the company plans to elect a new Supervisory Board, to make changes to its charter and to approve major transactions.
PJSC VLKZ was founded in 1990 on the basis of foundry and forging shops of Kiev Artem Production Association. It specializes in producing forging and foundry products.
According to the data from the National Depository of Ukraine as of the fourth quarter of 2022, “Golf and Country Club” (Ukraine) is the property of 18,5947% of the company, “Company of Aviation and Rocket-Technical Engineering” – 51,0001%.
Authorized capital is 358 th. UAH, par value – 0.25 UAH.

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“Stalkanat” in 2022 received 325 million hryvnias of profit

PJSC “Stalkanat” (Odessa) received net profit of 325.073 million UAH in 2022, while in 2021 it finished with a net loss of 309 thousand UAH.
According to information for the annual general meeting of shareholders, scheduled for April 28 of this year, which will be held remotely, the undistributed profits on December 31, 2022 amounted to 141,793 million UAH.
The shareholders will consider a number of questions on the results of work in 2021 and 2022, in particular the general director’s report on financial and economic activity for the last year and the main directions of activity in 2023. Also will distribute profits – it is proposed to send them to cover the losses of previous years.
On all these questions it is proposed to recognize activity satisfactory.
As previously reported, the general meeting of shareholders, which took place on September 3, 2021, decided to separate PJSC Stalkanat-Silur and establish a new company – PJSC Stalkanat with the transfer of its property, rights and obligations according to the approved distributive balance sheet.
PA Stalkanat-Silur PJSC (Odessa) previously had two branches – in Odessa and Khartsyzsk, Donetsk region, on the NKT. On December 1, 2016, the company’s management officially notified about the shutdown of the company’s branch in Khartsyzsk – a relevant announcement was published in the Uryadovy Kurier newspaper. Later, the management of PAO Stalkanat-Silur PJSC stated about the seizure of the company’s branch in Khartsyzsk on NKT and sent a corresponding statement to the National Police.
The charter capital of PJSC Stalkanat is UAH 17.736m.

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“Obolon” received UAH 1.4 bln in net profit

Obolon PJSC (Kyiv), one of the largest beer producers in Ukraine, will receive UAH 1 billion 450.38 million of net profit in 2022, compared with UAH 130.82 million of net loss in 2021 and UAH 338.61 million of net profit in 2020.
According to the April 27 announcement of the remote annual meeting for 2021-2022, the loss for the year before last is proposed to be covered by undistributed profits, and all profits for the past year will be used for production development.
Among other issues on the agenda, to make changes to the information about the company in USRPOU, replacing the entry in the list of founders (participants) of the company “888 individuals, the share … 9030800 6 legal entities, the share … 23481900” record “individuals and legal entities according to the list of shareholders.
According to the document, the retained earnings of Obolon as of the end of 2022 reached 1 billion 446.23 million UAH, which is 7.7 times more than a year earlier, and equity rose by 44.1% – to 3 billion 665.01 million UAH.
Last year the company decreased its long-term liabilities by 7.5% going to UAH 986.41 mln, current liabilities decreased by 35.7% going to UAH 1 bln 403.78 mln.
At the same time total receivables increased by 45.9% to 812.24 million UAH, inventory – by 8.9% to 1 billion 134.0 million UAH, cash – 5.2 times to 152.79 million UAH.
“Obolon is one of Ukraine’s largest producers of beer, soft and low-alcohol beverages and mineral water. The corporation includes the main plant in Kiev and about a dozen companies in the regions. On its website Obolon states that it is the largest Ukrainian producer of drinks and the largest exporter of beer in the country.
The main brands are Obolon, Zlata Praha, Pubster, hike, Beer Mix, Zibert, Desant, Zhigulevskoye, Zhivchik, Prozora, Obolonska, Smachna Klasika.
According to the disclosure system of NKDBF, as of the fourth quarter of 2022 the main shareholders of PJSC “Oksamytove” (13,3305%), “Svitle” (14,3089%), “Premium-1” (20,0106%), “Soborne” (8,5114%) and a subsidiary of “Obolon” “Krasylivske” (23,9999%) were private companies. One of the largest co-founders of Obolon is Alexander Slobodian (8.8984%).
This shareholder structure was established in 2008 as part of Obolon’s protection from hostile takeover.

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“Lekhkim-Kharkiv” increased its net profit by 6%

According to the results of 2022 Lekhkim-Kharkiv Pharmaceutical Company (Kharkiv) increased its net profit by 5.92% in comparison with 2021 – up to UAH 105.279 million.
As the company announced in the information disclosure system of the National Securities and Stock Market Commission, its shareholders will consider the results of its work at a general meeting on April 20.
It is planned to make a decision that the net profit for 2022 will be used for the development and financing of the company’s activity.
Earlier it was reported that in 2021 Lekhkim-Kharkiv increased net profits by 25% compared to 2020 – up to 99.9396 million UAH.
According to the NCSSM information disclosure system, 98% of Lekhkim-Kharkiv PJSC shares are owned by Lekhim PJSC (Kiev), the beneficiary of which is Valery Pechav.
“Lekhkim-Kharkiv” produces medicines in different dosage forms: tablets, ampoules, suppositories, solutions for infusion, solutions for injections, powders for injection solution, sachets. It is part of the Lekhim group of companies.

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