DCH Group paid over UAH 1.65 billion in taxes in January-September

The amount of payments increased by 14.5% y/y

In January-September 2024, DCH Group companies increased tax payments to the budgets of all levels of Ukraine by 14.5% or UAH 210 million compared to the same period in 2023, up to UAH 1.65 billion. This was reported to GMK Center by the company’s press service.

The total amount of taxes paid by DCH Group companies since the beginning of the full-scale Russian invasion has reached almost UAH 5.5 billion.

The main increase in tax payments was provided by the following businesses: JSC Bank Credit Dnipro – by UAH 95 million, Kharkiv Tractor Plant – by UAH 32 million, and ORANTA Insurance Company – by UAH 70 million.

“In difficult times for the country and business, the group’s companies continue to operate and pay taxes, provide jobs and social assistance to their employees,” the statement said.

In January-September, Dnipro Metallurgical Plant (DMZ) reduced rolled metal production by 56.9% y/y and coke production by 0.4% y/y. In April of this year, the company successfully passed an inspection of the hot-rolled steel production control system, which allows it to manufacture products for the EU market. The plant also passed an independent verification audit of its 2023 greenhouse gas emissions report.

“Over 9 months, Sukha Balka commissioned 8 new blocks with total reserves of 906 thousand tons of ore.

A significant challenge for production companies is the outflow of personnel, in particular due to the mobilization of personnel. Since the beginning of the war, 465 employees of Sukhoi Balka and 268 employees of DMZ have joined the Ukrainian army. Periodic power outages have also taken their toll, forcing the companies to reduce or completely stop production.

Today, DCH Group employs more than 7,600 people. 912 employees of the group are currently serving in the Armed Forces of Ukraine.

As GMK Center reported earlier, in 2023, DCH Group companies paid UAH 1.932 billion in taxes and fees to the budgets of all levels of Ukraine. In the first quarter of 2024, this figure amounted to UAH 560 million.

DCH Investment Management is a financial and industrial group of companies that manages investments in ore mining and metallurgy, machine building, real estate, insurance, banking and hospitality.