64.93% of Dnipro Aluminium’s 2023 net profit to go to shareholders as dividends

Dnipro Aluminium Plant (Dnipro), a producer of aluminium profiles, plans to allocate 64.93 per cent of its 2023 net profit, equivalent to UAH 10 million, as dividends. Shareholders are expected to receive dividends at a rate of UAH 6,440 per ordinary registered share, with a nominal value of UAH 1,846.1 per share.

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This proposal is included in the agenda for the extraordinary general meeting of shareholders, scheduled for February 4, as announced via the National Securities and Stock Market Commission (NSSMC) system. The proposed dividend payment period spans from February 21 to August 4, 2025. The company also plans to retain the remaining UAH 5.402 million of net profit (35.07 per cent) as undistributed earnings.

About the agenda

The agenda also includes a proposal for shareholders to grant prior consent for transactions totalling a maximum of UAH 130 million over the year. This includes contracts for supplying car windows to Ukrzaliznytsia and Kyiv Electric Car Repair Plant and agreements with industrial enterprises for up to UAH 100 million. Additionally, it encompasses contracts for banking services worth UAH 30 million.

Shareholders will also deliberate on entering into a general agreement with the First Ukrainian International Bank for banking services, which includes lending, overdrafts, guarantees, and bill validation. The agreement will have a general limit of UAH 30 million and remain valid until September 25, 2029.

Dividends are a company's way of distributing profits to investors who remain committed to their investments over the long term. They serve as a dependable source of income for many and are provided through various financial instruments, including stocks, bonds, mutual funds, and other securities. Moreover, dividends hold a unique position in an investor's portfolio due to their high tax efficiency.

The Clarity Project

Established in July 1997, Dnipro Aluminium Plant specialises in producing aluminium profiles using advanced Italian equipment. Its offerings include general-purpose profiles and TEKNO building profile systems, manufactured under a license from the Italian company S.L.L. SPA.

According to the Clarity Project, Dnipro Aluminium Plant's net income in 2023 grew by 57 per cent compared to 2022, with net profit surging more than sevenfold to reach UAH 15.4 million. The company's retained earnings amounted to UAH 48.67 million.

As of the third quarter of 2024, the company's ownership structure includes CEO Oleh Danchenko holding 28.3323 per cent of the shares, his son Oleksandr owning 6.5035 per cent, Mykhailo Senektutov with 19.2531 per cent, Ivan Sosnovsky holding 14.2949 per cent, and Igor Levin owning 14.2305 per cent. The company's authorised capital is UAH 19.95 million.