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Dneprovsky Metallurgical Plant received almost UAH 2 billion in net profit last year

Ukraine

The plant specializes in the production of steel, cast iron, rolled products and products from them. According to the NRU, for the fourth quarter of 2020, Drampisco Limited (Cyprus) owns 97.7346% of the shares of DMZ.

Dneprovsky Metallurgical Plant received almost UAH 2 billion in net profit last year

Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of the DCH group of companies of Kharkiv businessman Alexander Yaroslavsky, following the results of work in 2021, received a net profit of 1 billion 725.157 million hryvnias, after in 2020 received net loss of UAH 394.091 million.

According to the certificate attached to the agenda of the annual meeting of shareholders scheduled for December 22, which will be held remotely, the outstanding loss at the end of last year amounted to UAH 826.728 million.

The shareholders intend to sum up the results of activities in 2021, approve the reports, and use the profit received to pay off the losses of previous years. Personnel issues will also be considered at the meeting: the termination of the powers of members of the Supervisory Board and the Audit Commission, the election of new members of the Board.

In addition, the shareholders will elect the company's auditor, approve major transactions.

DMZ specializes in the production of steel, cast iron, rolled products and products from them. On March 1, 2018, the DCH Group signed an agreement on the purchase of the Dnipro Metallurgical Plant from Evraz. According to the NRU, for the fourth quarter of 2020, Drampisco Limited (Cyprus) owns 97.7346% of the shares of DMZ.

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