Ukrainian Mining Metallurgical Company sees loss fall by 91.7% in 2021

KYIV. Nov 1 (Interfax-Ukraine) – PrJSC Ukrainian Mining and Metallurgical Company (Kyiv), one of the largest metal service companies in Ukraine, in 2021 saw net loss fall by 12.1 times (91.7%) compared to the previous year – to UAH 13.956 million from UAH 169.219 million.

According to the company’s announcement about holding an annual general meeting of shareholders remotely on December 1, its outstanding loss by the end of last year amounted to UAH 364.488 million.

The shareholders intend to make a decision to cover the loss with the profit of future periods.

Major deals are also planned to be approved at the meeting.

Ukrainian Mining and Metallurgical Company was established in 1998. It occupies a leading position among metal traders of Ukraine in sales of rolled metal and pipes.

According to the National Depository, in the fourth quarter of 2021, Lanacomo Limited and Leadpoint Holding (both based in Cyprus) each own 50% of the shares in the company.

The charter capital of the company is UAH 22.028 million, the nominal value of shares is UAH 1.

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