Yaroslavsky's DMZ reduces profits by 99.8% in 2022

KYIV. Nov 20 (Interfax-Ukraine) – PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Dniprokoks), part of DCH Steel of the DCH group of businessman Oleksandr Yaroslavsky, based on the results of work in 2022, reduced net profit by 99.76% compared to 2021 year, to UAH 4.225 million from UAH 1.725 billion.

According to a 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 454.601 million.

The shareholders intend to sum up the results of activities in 2022, approve the reports, and use the profits received to pay off the losses of previous years.

In addition, shareholders intend to decide to liquidate the audit commission as a management body, amend the charter and other internal documents, in particular, cancel a number of provisions, as well as terminate the powers of existing members of the supervisory board and elect new ones.

DMZ specializes in the production of steel, cast iron, rolled products and products made from them.

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