DCH Group paid over UAH 1.9 billion in taxes in 2023

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. This was reported to GMK Center by the company’s press service.

In January-March 2024, Dnipro Metallurgical Plant (DMZ) increased its tax payments by 24.5% compared to the same period in 2023, to UAH 161.8 million. Iron ore mining company Sukha Balka – UAH 81 million. Over the same period, Credit Dnipro Bank paid UAH 134.3 million in taxes.

In 2022, Kharkiv Tractor Plant (HTZ) suffered extensive damage due to shelling. The company managed to resume operations and continues to manufacture tractors. In the first quarter of 2024, HTZ paid UAH 20 million in taxes.

In addition to the operating companies, DCH’s investment portfolio includes assets that have been forced to cease operations due to the destruction and security measures. These include Kharkiv’s Karavan shopping center, Kharkiv Palace hotel and Kharkiv International Airport.

«The war has a significant impact on all DCH businesses without exception. Due to the constant shelling of Kharkiv and endless destruction, we had to suspend the project to restore the damaged Karavan shopping center and the project to clear the rubble of destroyed buildings, recycle them and restore them, which was planned to involve the Italian company DESPE S.p.A., a foreign expert in performing such complex work. As for the damaged Kharkiv Palace Hotel, we are currently assessing the damage and engaging design organizations for future reconstruction. Despite this, DCH Group continues to make a significant contribution to the country’s economic sustainability and is one of the largest taxpayers,» emphasized DCH CEO Yana Malysh.

Today, DCH Group employs more than 7.7 thousand people. 919 employees of the group joined the Armed Forces of Ukraine.

As GMK Center reported earlier, in 2023, DMZ increased its rolled steel production by 86.2% year-on-year to 105.6 thousand tons. Last year, the company’s production of metallurgical coke increased by 38.5% compared to 2022, to 292.7 thousand tons.

Last year, Sukha Balka mine produced almost 931 thousand tons of commercial iron ore. The company operated in the mode of maximum resource conservation. In particular, the company repaired equipment at industrial sites on its own and continued to implement the equipment modernization program.

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