FOLLOW US ON SOCIAL

Posted On

30
March
2023

Dnipropress retains insignificant net profit in 2022

KYIV. March 30 (Interfax-Ukraine) – A manufacturer of aggregates and machines for heavy industry, JSC Dnipropress (Dnipro), according to preliminary data, received a net profit of UAH 20,000 million in 2022 versus UAH 940,000 in 2021.

According to the announcement of the company’s annual meeting of shareholders on April 29, retained earnings by January 1, 2023 amounted to UAH 33.23 million (UAH 33.21 million as of the same date in 2022).

The shareholders plan to use the insignificant profit received last year, as well as a year earlier, for the development of production and replenishment of working capital.

According to the company, over the past year, it managed to reduce current liabilities by 41%, to UAH 69.76 million, long-term ones did not appear.

The company’s assets decreased by 32%, to UAH 104.29 million, including total accounts receivable decreased by 6%, to UAH 7.9 million, and reserves by 56.5%, to UAH 27.36 million.

Dnipropress specializes in production of forging and pressing equipment for various segments of the heavy industry, pumps and equipment for the oil and gas industry, as well as spare parts.