Recent Posts
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
- 100 Ukrainians, incl defenders of Mariupol, returned according to swap procedure – Yermak 10.04.2023
Ferrexpo's Poltava Mining raises profit by 2.7 times in Jan-Sept
KYIV. Nov 1 (Interfax-Ukraine) – PrJSC Poltava Mining and Processing Plant (Komsomolsk, Poltava region), the main asset of Ferrexpo Group, the majority shareholder of which is businessman Kostiantyn Zhevaho, following the results of work in January-September of this year, increased its net profit by 2.72 times compared to the same period last year, to UAH 15.546 billion.
According to an interim report of the enterprise, during this period, the plant increased its income by 54.5%, to UAH 35.282 billion.
Retained earnings by the end of September this year amounted to UAH 40.034 billion.
The report notes that on October 11, 2021, the State Tax Service began a scheduled documentary audit for the period from April 1, 2017 to June 30, 2021 for a period of 30 working days.
It is also reported that on February 18, 2020, the State Fiscal Service began a new audit of transactions between the enterprises of Ferrexpo Group for the period of 2015-2017. The audit was suspended in March 2020 due to the outbreak of the COVID-19 pandemic. It was resumed on February 10, 2021 and is currently ongoing.
Ferrexpo is an iron ore company with assets in Ukraine. The main activity is production and export of iron ore pellets used in steel production.
According to National Depository data for the second quarter of 2021, Ferrexpo AG (Switzerland) owns 100% of the shares of Poltava Mining and Processing Plant.
The charter capital of Poltava Mining is UAH 1.902 billion.
