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Marhanets mining plant increases loss almost 17-fold in Q1 2022

KYIV. May 4 (Interfax-Ukraine) – PJSC Marhanets Mining and Processing Plant (Dnipropetrovsk region) in January-March of this year increased its net loss 16.6 times compared to the same period last year, to UAH 159.870 million.

According to the interim report of the enterprise for Q1 2022, published in the system of the National Securities and Stock Market Commission of Ukraine, over this period, net income grew by 2.4 times, to UAH 865.275 million.

Retained earnings by the end of March this year amounted to UAH 451.143 million.

Capital investments as of March 31, 2022 reached UAH 370.943 million.

According to the company’s report for 2021, the enterprise ended 2021 with a net loss of UAH 24.541 million, while in 2020 it saw a net profit of UAH 239.284 million.

The enterprise develops the eastern part of the Nikopol manganese ore deposit. The plant, in particular, includes four operating mines, including one under construction, one quarry – Hrushevsky, and a processing plant.

According to NDU data for the fourth quarter of 2021, the largest shareholders of PrJSC were Couttenmax Holdings Limited, Mosfilia Investments Limited and Humax Enterprises Limited, each owning 23.89% of PrJSC, as well as Fianex Holdings Limited (all Cyprus), which owns 24% shares.

The charter capital of PJSC is UAH 366.625 million, the par value of the share is UAH 0.25.