DMZ and Sukha Balka paid UAH 459 million in taxes in the first half of the year

The amount of payments increased by 9.5% y/y

The enterprises of the DCH Steel Group – the Dnipro Metallurgical Plant (DMZ) and the Sukha Balka mine – in January-June 2024 increased tax payments to the budgets of all levels of Ukraine by 9.5% compared to the same period in 2023 – to UAH 459 million. This is stated in the corporate newspaper DCH.

In January-July 2024, the Dnipro Metallurgical Plant paid 292 million UAH of taxes. In particular, value added tax (VAT) amounted to 129 million UAH, income tax – 28 million UAH, single social contribution (SSC) – 43 million UAH, personal income tax (PIT) – 38 million UAH, other taxes – 54 million UAH.

The total amount of taxes paid to the Sukha Balka mine is UAH 167 million. Including this rent for the use of subsoil resources for the extraction of useful mines – UAH 80 million, SSC – UAH 37 million, PIT – UAH 34 million and UAH 16 million of other data.

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

In January-March 2024, the DMZ increased tax deductions by 24.5% compared to the same period in 2023 – up to UAH 161.8 million, the Sukha Balka iron ore mining enterprise – up to UAH 81 million.

In 2023, DMZ increased its production of rolled steel by 86.2% compared to 2022 – up to 105.6 thousand tons. The production of metallurgical coke at the enterprise over the past year increased by 38.5% y/y – up to 292.7 thousand tons. Sukha Balka last year produced almost 931 thousand tons of commercial iron ore.