The Ukrainian Metal

Ukraine: UMCC quickly losing value prior to privatization

The United Mining and Chemical Company JSC losses amounted to 311.6 million UAH ($8.2 million) in 2023, down from a profit of 163.1 million UAH ($4.5 million) a year earlier.

Net loss was 481.3 million UAH ($12.7 million).

Undistributed profit (uncovered loss) totaled minus 651.428 thousand UAH, up by 298.36%.

Gross income dropped by 20%.

Compared with 2022, UMCC financial indexes worsened 3-fold.

Sales decreased to the lowest level in the company history. (Ukrainian metal)

Exit mobile version