In 2023, Central Mining and Processing Works received net loss of 1.326 billion UAH, down from net profit of 2 billion UAH in 2022.
According to the decision of the only company shareholder – Metinvest B.V. (the Netherlands), 2023 losses will be covered with profit from future periods.
Another decision was to change the company management structure – the supervisory board was liquidated and the board of directors consisting of four people was created. Metinvest CEO Yuri Ryzhenkov, CFO Yuliya Dankova and legal support director Svetlana Romanova have been elected as non-executive directors for three years, and Igor Tonev as the executive director, whose post as the CEO has been liquidated.
The profit of 93.287 million UAH, received in January-May, will be spent to pay dividends for 2024. Each ordinary share will yield 0.0786 UAH. (Ukrainian metal)