Ukraine: ZALK sees losses in January-September 2018

In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017.

The company did not have any net income, while last year it totaled 31.891 million UAH.

This year ZALK has not manufactured anything. (Ukrainian metal)

Ukraine: ZALK profits up in H1 2018

In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH.

The uncovered losses as of the late June totaled 6.619 billion UAH.

In H1 the works did not produce anything.

In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)

Ukraine: ZALK profits in H1 2017

In January-June the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works – received 227.661 million UAH of net profit against the net losses of 281.994 million UAH in H1 2016.

The company net profit totaled 15.456 million UAH.

Other earnings reached 224.67 million UAH. (Ukrainian metal)

Ukraine to sell ZALK by December 2017

The government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana.

According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)

Ukraine: ZALK losses down in January-September 2016

In January-September Zaporozhye Aluminum Works, the sole primary aluminum producer in Ukraine, received 527.33 million UAH of losses, down 2.5 times, or by 809.55 million UAH YoY.

According to the company statement, its net income totaled 1 million UAH (no income in January-September 2015).

In Q3 ZALK received 245.74 million UAH of losses. (Ukrainian metal)

Russia: RUSAL wants Ukraine to redeem investments in local plant

Russian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…

Ukraine: ZALK replaces 2 of the 7 supervisory members

Shareholders of the Zaporozhye Aluminum Works have replaced 2 of the 7 members of the supervisory board. According to the company statement, in particular, Alexei Arnautov and Yana Tikhonova have been dismissed with Vitaly Denisenko and Tatiana Kuzub appointed instead. Svetlana Bezverkhaya, Anastasia Mankovskaya, Natalia Pavliuk, Natalia Kharina and Irina Lepyavko have been reelected. The…

Ukraine: ZALK and ZTMK to be privatized

The State Property Fund has compiled a list of state assets for privatization and is busy working out its terms.

In particular Zaporozhye Aluminum Works and Zaporozhye Titanium and Magnesium Works are among companies to be privatized in 2016. (Ukrainian metal)

Ukraine: ZALK losses down in H1 2016

In January-June Zaporozhye Aluminum Works received 281.99 million UAH of losses, down 4 times YoY, or by 879.2 million UAH.

According to the company statement, its income dropped by 91.7% YoY, or by 74.63 million UAH, to 6.74 million UAH. (Ukrainian metal)