The shareholders of PJSC Central Mining and Processing Works, a part of Metinvest Group, intend to pay UAH 1.665 billion from the UAH 2.219 billion net profit in dividends for 2016.
It is planned to distribute profit at an annual meeting of the shareholders scheduled for April 19.
According to the draft decision of the shareholders’ meeting, it is proposed to pay UAH 1.665 billion (UAH 1.40327994 per one common share) in dividends, leaving the remaining profit of UAH 553.888 million undistributed.
Central GOK in 2016 saw net profit rise 3.2 times compared to the previous year, to UAH 2.219 billion from UAH 697.259 million, its undistributed profit at the end of last year amounted to UAH 2.874 billion.
For 2016 its current liabilities rose 8.3 times, to UAH 5.851 billion, long-term liabilities were up by 84.8%, to UAH 757.079 million. The plant increased its debtor indebtedness by 22.6%, to UAH 6.195 billion.
Its assets in 2016 increased by 70%, to UAH 12.615 billion, fixed assets rose 5 times, to UAH 5 billion.
The number of employees at the plant for the past year decreased by 1.9%, to 4,747 people. (Interfax-Ukraine/Ukrainian metal)