Business news from Ukraine

Stalkanat-Silur reduced its loss by 92.4%

PrJSC “Production Association “Stalkanat-Silur” (Odesa) ended 2023 with a net loss of UAH 720 thousand, while in 2022 it amounted to UAH 9.494 million.

According to the information for the annual general meeting of shareholders scheduled for April 18 this year, which will be held remotely, the company’s retained earnings at the end of last year amounted to UAH 102.193 million.

The shareholders will summarize the results of the year 2023, including reports from the CEO, the Supervisory Board and the auditor, and decide on covering losses from future periods’ profits. The company’s charter and bylaws will also be amended, and the election of members of the supervisory board will be held.

As reported earlier, the general meeting of shareholders held on September 3, 2021, decided to spin off Stalkanat-Silur and establish a new company, Stalkanat, with the transfer of some property, rights and obligations to it in accordance with the approved distribution balance sheet.

Stalkanat-Silur CEO Sergey Lavrinenko previously explained to Interfax-Ukraine that all shares in the newly created PrJSC Stalkanat are to be distributed among all shareholders of PrJSC Stalkanat-Silur. The shareholders agreed to spin off Stalkanat, which will take over the Odesa industrial site. In turn, Stalkanat-Silur will also be retained, with Silur located in the temporarily uncontrolled territory (Khartsyzsk, Donetsk Oblast) on its balance sheet.

PJSC PA “Stalkanat-Silur” (Odesa) previously had two branches – in Odesa and in Khartsyzsk, Donetsk region, on the oil and gas pipeline. On December 1, 2016, the company’s management officially announced the closure of the company’s branch in Khartsyzsk – the relevant announcement was published in the newspaper Uriadovyi Kurier. Later, the management of PJSC “PA “Stalkanat-Silur” announced the seizure of the company’s branch in Khartsyzsk on the tubing and sent a statement to the National Police.

According to the third quarter of 2023, David Nemyrovsky (Ukraine) owns 50.0001% of the shares of PJSC PAO Stalkanat-Silur, Anton Mikhalenko (Israel) owns 23.7%, and Maria Kondratyuk (Ukraine) owns 23.1%.

The authorized capital of PJSC Stalkanat-Silur currently amounts to UAH 8.346 million.

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Stalkanat-Silur almost tripled its profit in 2021, intends to keep it undistributed

PJSC “Production Association “Stalkanat-Silur” (Odessa), following the results of work in 2021, increased its net profit by 2.8 times compared to the previous year – up to UAH 327.842 million.
According to the information for the annual general meeting of shareholders scheduled for September 30 of the current year, retained earnings as of December 31, 2021 amounted to UAH 116.580 million.
The meeting will be held remotely. The start date for shareholders voting on the agenda is September 19, the voting end date is until 18:00 on September 30, 2022.
Shareholders will consider a number of issues based on the results of work in 2021, in particular, the report of the CEO on the financial and economic activities of the company over the past year and the main areas of activity in 2022. They will also consider the report of the supervisory board of the company, approve the report and conclusions of the auditor of the company, approve the annual report, including the annual financial statements for the past year.
On all these issues, it is proposed to recognize the performance as satisfactory.
In addition, the shareholders will decide on the distribution of the company’s profit for 2021, which, according to the draft decision, a copy of which the Interfax-Ukraine agency has, is proposed to be left undistributed.
As reported, the plant in 2020 reduced its net profit by 21.3% compared to 2019 – to UAH 116.761 million from UAH 148.419 million, net income – by 7.6%, to UAH 2 billion 146.230 million.
The general meeting of shareholders held on September 3, 2021 decided to separate from PJSC “Stalkanat-Silur” and create a new company – PJSC “Stalkanat” with the transfer of part of the property, rights and obligations to it in accordance with the approved distribution balance.
Director General of Stalkanat-Silur Sergey Lavrinenko explained earlier to the Interfax-Ukraine agency that all shares of Stalkanat PJSC being created are distributed among all shareholders of Stalkanat-Silur PJSC. The shareholders agreed to spin off the Stalkanat company, to which the Odessa industrial site will be transferred. In turn, PJSC “Stalkanat-Silur” will also remain, on the balance of which “Silur” will be located in the temporarily uncontrolled territory (Khartsyzsk, Donetsk region).
PJSC “PA “Stalkanat-Silur” (Odessa) previously had two branches – in Odessa and in Khartsyzsk, Donetsk region on the tubing. “. Later, the management of PJSC “PA” Stalkanat-Silur “announced the seizure of the company’s branch in Khartsyzsk on the NKT, sent a corresponding statement to the National Police.
According to the NDU for the fourth quarter of 2021, David Nemirovsky (Ukraine) owns 50.0001% of the shares of PJSC “PO” Stalkanat-Silur”, Anton Mikhalenko – 23.7%, Ederi Liron (both – Israel) – 23, one%.
The authorized capital of PJSC “Stalkanat-Silur” is currently UAH 8.346 million.

STALKANAT-SILUR REDUCES NET PROFIT IN 2020

PJSC Production Association Stalkanat-Silur (Odesa), following the results of work in 2020, reduced its net profit by 21.3% compared to 2019 – to UAH 116.761 million from UAH 148.419 million.
According to the company’s announcement of the annual meeting of shareholders on April 26, its outstanding loss at the end of the year amounted to UAH 151.677 million.
Over the past year, the plant reduced its current liabilities by 27% – to UAH 812.295 million, long-term liabilities amounted to UAH 130.162 million. At the same time, accounts receivable decreased by 4.5% – to UAH 142.596 million.
According to the announcement, the assets of Stalkanat-Silur in 2020 decreased by 3% – to UAH 1.7 billion, including fixed assets decreased by 3.5% – to UAH 1.3 billion.
The draft decisions of the meeting say that shareholders are invited to leave the profit received in 2020 unallocated.
PJSC Stalkanat-Silur produces steel, nylon ropes and metal goods.

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