(c) shutterstock.com
Nikopol Ferroalloy Plant (NFP) in January-June 2022 reduced its net profit by 7.4 times compared to the same period last year – to UAH 223.2 million. This is reported by Interfax-Ukraine with the reference to the company’s interim report.
The company’s net income for the first half of the year amounted to UAH 9.05 billion, which is 9.9% less than the same period last year.
Undestributed profits reached $8.4 billion by the end of June 2022.
As GMK Center reported earlier, following the results of the first quarter 2022, the NFP increased its net profit by 25% compared to the same period in 2021, to UAH 424.4 million. The company’s net income increased by 0.4%, to UAH 175.9 million.
Also, in 2020 NFP received UAH 456.2 million of net profit compared to UAH 584.4 million net loss a year earlier. The company’s net income for the year decreased by 23.2% compared to the previous year, to UAH 12.5 billion. Retained earnings amounted to UAH 2.8 billion.
Nikopol Ferroalloy Plant is the largest producer of silico- and ferromanganese in Ukraine. The enterprise produces ferroalloys from imported and Ukrainian raw materials.
The enterprise uses manganese raw materials from South Africa and Ghana, as well as domestic raw materials from the Marganetsky and Pokrovsky mining and processing plants.
Global coking coal exports in January-May 2025 decreased by 1.4% year-on-year to approximately 139 million…
Steel producers in the EU are calling for the introduction of duties or restrictions on…
In May 2025, French steel enterprises reduced steel production by 20.6% compared to May 2024,…
In 2024, Czech steel giant Třinecké železárny (TŽ) increased its steel production to 2.425 million…
On June 24, the German government approved the draft federal budget for 2025, along with…
Ukrainian industrial company Interpipe has supplied premium pump and compressor pipes to Romania. This is…