Zaporozhye Titanium and Magnesium Works (ZTMK) participants on a meeting, in which the state enterprise “United Mining and Chemical Company” (UMCC) took part, decided on the dividend payments.
UMCC owns 51% of ZTMK.
In 2013 the works received 9 million UAH of net profit. The participants of the meeting decided to return to the state budget 2 million UAH.
In 2014 the company has greatly increased its net profits – to 350 million UAH, of which only 90 million will be given to the state budget.
45% of the profit will be invested into the company development. That’s more than 80 million UAH. (Ukrainian metal)