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.
Promarmatura PrJSC (Dnipro) reported a net profit of UAH 11.407 million in 2023 compared to a net loss of UAH 29.995 million in 2022.
According to the agenda of the general meeting of shareholders scheduled for April 18 this year, which will be held remotely, the shareholders intend to leave this profit undistributed.
The meeting also intends to consider the CEO’s report for the past year, approve the results of financial and economic activities for 2023, decide on the procedure for distributing profits for 2023 and on the payment of annual dividends on the company’s shares. In addition, the shareholders will have to consider the auditor’s findings and give preliminary consent to significant transactions.
“The net profit earned by the company in 2023 in the amount of UAH 11.407 million shall be retained by the company to fulfill its statutory objectives. Annual dividends based on the company’s performance in 2023 shall not be accrued or paid,” the draft resolutions of the meeting state.
Retained earnings at the end of 2023 amounted to UAH 130.586 million.
Promarmatura was founded in December 1994 and operates in the pipeline fittings market.
According to the third quarter of 2023, 50% of the company’s shares are owned by two individuals – Ukrainian citizens Igor Mezhebovsky and Alexander Chelyadin.
The authorized capital of the company is UAH 7.218 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.
In 2023, Ukrainian mobile operator lifecell increased its net profit by 2.6 times compared to 2022, to UAH 2 billion 567.7 million.
According to the report of Turkcell’s parent company on its website on Wednesday, lifecell’s revenue increased by 24.4% last year to UAH 11 billion 712.1 million.
The operator’s EBITDA increased by 25.3% to UAH 6 billion 808.9 million, while the EBITDA margin grew by only 0.3 percentage points to 58.1%.
The operator’s capital expenditures in 2023 increased by 39.9% to UAH 4 billion 207.1 million.
According to the report, lifecell’s active subscriber base reached 11.7 million in the fourth quarter, up from 11.4 million in the third quarter and 10.2 million a year earlier.
As reported, in the first nine months of 2023, lifecell’s revenue increased by 26% to UAH 8 billion 571.8 million, EBITDA by 26.1% to UAH 4 billion 968.9 million, and net profit by 2.9 times to UAH 1 billion 68.6 million. The company also increased its capital investments by 51% to UAH 3 billion 035.7 million.
Lifecell is the third largest mobile operator in Ukraine. Turkcell owns 100% of the shares in Lifecell LLC.
Lifecell’s revenue in 2023 amounted to 75.9% of Turkcell International’s revenue and 8.4% of Turkcell’s total revenue. The Ukrainian operator accounted for 10.6% of consolidated EBITDA and 7.4% of consolidated profit of Turkcell.
On December 29, 2023, Turkcell signed an agreement to transfer 100% of the shares, as well as all rights and debts of Lifecell LLC (TM lifecell), as well as the contact center outsourcing company Global Bilgi LLC and the tower rental service provider Ukrtower LLC to the French investment company NJJ Capital. In the last report, the operations in Ukraine are listed in discontinued operations. However, the deal has been stalled due to the lack of approval from the Antimonopoly Committee of Ukraine and the arrest of some Ukrainian companies in the case against Russian businessman Mikhail Fridman, who is an indirect minority shareholder of Turkcell.
According to preliminary data, in 2023, Dniprovsky Passenger Car Repair and Construction Plant JSC (Dniprovagonrembud) received a net profit of UAH 27.76 million, which is 35.6% more than in 2022 (UAH 20.47 million).
According to the information in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) for the agenda of the company’s general shareholders’ meeting on April 18, the uncovered loss at the beginning of 2024 amounted to UAH 565.8 million.
As in the previous year, the shareholders plan to use the net profit received in 2022 to pay off the losses of previous years, and not to pay dividends.
According to the NSSMC, as of the third quarter of 2023, more than 98.8% of the shares of Dniprovagonrembud JSC belong to Unibudinvest, a venture closed-end corporate investment fund affiliated with businessman Leonid Yurushev.
According to the company, last year its current liabilities decreased by 11.7% to UAH 243 million, while long-term liabilities decreased by 30% to UAH 8.56 million.
The value of Dneprovagonrembud’s assets decreased by 6.3% to UAH 122 million, including total receivables, which increased by 28% to UAH 24.75 million.
The company’s equity is negative at UAH 129.6 million.
Dniprovagonrembud’s main specialization is the repair and manufacture of railway rolling stock and its components.
According to Clarity-project, the company increased its net sales revenue by 21.4% in 2023 to UAH 309 million by 2022.
