The supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…
This summer the State Property Fund announced the privatization of the Zaporozhye Aluminum Works state share. It was supposed to sell 68% in H2, but the privatization procedure is not going very fast. The state owns 68.0095% of ZALK shares, or 423,514,923 shares. A special auction commission has been created to sell the shares. It…
Shareholders of the Zaporozhye Aluminum Works have decreased the number of supervisory board members by 2 and replaced the existing board. Natalia Pavluyk, Natalia Kharina, Anastasia Mankivskaya, and Tatyana Kuzub have been reelected to the board, with Irina Kholodnova elected. All of them are the representatives of the main shareholder – the State Property Fund…
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)
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)
In 2017 Zaporozhye Aluminum Works decreased net losses 2.9-fold YoY, to 279.486 million UAH. According to the company statement, its EBITDA also grew 2.9-fold, to 282.663 million UAH. Net income increased 5.1-fold, to 31.891 million UAH. The overdue debt last year totaled 7.01 billion UAH. The company produced 53.38 tons of aluminum wire rod and…
A part of Zaporozhye Aluminum Works has been cheaply bought by Power-Generating Company Ukrhydroenergo LLC. In 2016 the management of the works, 68% owned by the state, represented by the Fund of State Property, decided to sell a part of the real estate, in particular, the main and administrative premises of the electric power plant,…
The State Property Fund of Ukraine plans to hold an auction to sell 68.009% of Zaporozhye Aluminum Works in May. In December 2017 it was planned to sell the stake in February. The corresponding changes to the schedule of sales have been envisioned in the Fund decree dated February 20 and published in the “Vedomosti…