In 2019, ArcelorMittal Kriviy Rih decreased its net income from 68 billion UAH to 62.4 billion UAH.
Net loss totaled 2.3 billion UAH as opposed to a net profit of 9.5 billion UAH in 2018.
The extraordinary meeting of shareholders on October 10, 2019, decided to spend 10.85 billion UAH to pay dividends, or 2.81 UAH per ordinary share.
Last time the company paid dividends in 2007.
The new dividends will be paid by installments: the first part was paid until November 29, 2019, the second – December 27, 2019, the third – January 31, the fourth – February 28 and the fifth will be paid until March 27.
Last year AMKR increased steel manufacture by 11.8% YoY, to 5.3 million tons, pig iron – by 14.9%, to 5.3 million tons, and rolled metal – by 8.3%, to 4.7 million tons. (Ukrainian metal)