In 2021, the United Mining and Chemical Company increased sales income by 47% YoY, to 4.59 billion UAH. EBITDA grew by 93%, to 940.81 million UAH. Last year, the group paid 873.4 million UAH of taxes, up 2.2-fold. (Ukrainian metal)
In 2021, the United Mining and Chemical Company expects its sales revenue to increase by 45% YoY, to 4.54 billion UAH. According to preliminary financial results, EBITDA would grow by 93%, to 940.8 million UAH. Payments to budgets will amount to 873.4 million UAH, up 2.2-fold. In January-September, average salary was 17.3 thousand UAH, up…
On July 2, the State Property Fund of Ukraine started accepting applications for the participation in the auction to privatize the United Mining and Chemical Company. The auction is scheduled for August 31. The initial price is 3.7 billion UAH. (Ukrainian metal)
13 buyers from various countries are showing interest in the United Mining and Chemical Company. According to the State Property Fund chairman Dmitriy Sennichenko, some of them are well known companies from Australia and Japan. He expressed hope that the Verkhovnaya Rada would support the decree to unblock “big privatization” at the second reading. The…
The State Safety Service of Ukraine has asked the United Mining and Chemical Company to stop supplying ilmenite to Belanto (the Czech Republic) because of the fears that it has been delivered to Russia-occupied Crimea. At the same time, despite the notice, the CEO of UMCC Artur Somov has allowed shipping ilmenite to Belanto. This…
The Cabinet of Ministers has approved of a financial plan for the United Mining and Chemical Company for 2020 with the net profit of 575.67 million UAH. The corresponding decision was taken on November 18 without discussion. Taxes are expected to amount to 344.67 million UAH, including 104.2 million UAH of profit tax. (Ukrainian metal)
On July 8, the United Mining and Chemical Company employees received their wages for June in full. The company hopes to have no more delays in paying salary. The delay was short-termed. The situation was resolved within one day. The reason of the delay was the debt of counter parties in the amount of 1…
In order to obtain new licenses to develop deposits, the United Mining and Chemical Company together with the State Service of Geology and Subsoil will create working groups. It is expected that the new licenses will provide for raw materials extraction for 10 more years. This will also mean a long-term development of the Irshansk…