Ukraine: Dneprometiz profits in 2019

In 2019, Dneprometiz received 25.2 million UAH of net profit as opposed to a loss of 7.5 million UAH in 2018. Net income fell by 24.8%, to 1.328 billion UAH. Undistributed profit amounted to 37.1 million UAH. Last year, Dneprometiz produced 59.6 thousand tons of carbon steel wire (82.73% of all output) and 9.96 thousand…

Ukraine: AMKU allows Tigipko to buy Dneprometiz

The Antimonopoly Committee of Ukraine has allowed Agimant Limited (Cyprus), owned by the businessman Sergey Tigipko, to buy Dealzone Holding Ltd (British Virgin Island), which owns 98.6578% of one of the largest manufacturers of metal wares – Dneprometiz. The decision was taken on October 8. In April 2019, AMKU prohibited Tigipko’s TAS from buying Dneprometiz…


Ukraine: Dneprometiz profits in 2019

In 2019, Dneprometiz received 25.24 million UAH of net profit, while in 2018 it had a net loss of 7.5 million UAH. Undistributed profit totaled 37.09 million UAH. Accounts receivable dropped by 5.4%, to 152.54 million UAH, with fixed liabilities down by 2%, to 22.01 million UAH, and current liabilities – by 26.1%, to 277.45…

Ukraine: Antimonopoly Committee punishes Tigipko for buying Dneprometiz

The Antimonopoly Committee of Ukraine has punished the TAS Group of Companies belonging to Sergey Tigipko for 55 million UAH for buying Dneprometiz without the committee’s consent. The committee has studied the case of TAS taking control of Dneprometiz and violating the competitiveness legislation. Thus, the committee has denied Tigipko buying Dneprometiz. Severstal sold Dneprometiz…

Ukraine: Dneprometiz net profit up in 2017

In 2017 Dneprometiz increased its net profit by 79% YoY, to 58.292 million UAH. According to the company statement, its assets as of the end of 2017 totaled 714.885 million UAH, current liabilities – 533.483 million UAH and consolidated accounts receivable – 153.327 million UAH. In 2016 Dneprometiz received 34.73 million UAH of profit, as…

Ukraine: Antimonopoly Committee to review Tigipko’s metal wares purchase

The Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…