Nikopol Ferroalloy Plant received UAH 223.2 million of net profit in the first half of the year

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.

Share
Published by
Masha Malonog
Tags: production results ferroalloys Nikopol Ferroalloy Plant financial results
  • Global Market

Global exports of coking coal fell by 1.4% year-on-year in January-May

Global coking coal exports in January-May 2025 decreased by 1.4% year-on-year to approximately 139 million…

Wednesday June 25, 2025
  • Global Market

European steel producers call on Brussels to impose duties on scrap exports

Steel producers in the EU are calling for the introduction of duties or restrictions on…

Wednesday June 25, 2025
  • Global Market

France reduced steel production by 20.6% y/y in May

In May 2025, French steel enterprises reduced steel production by 20.6% compared to May 2024,…

Wednesday June 25, 2025
  • Companies

Třinecké železárny produced 2.42 million tons of steel in 2024

In 2024, Czech steel giant Třinecké železárny (TŽ) increased its steel production to 2.425 million…

Wednesday June 25, 2025
  • State

The German government has approved a draft budget with a high level of borrowing

On June 24, the German government approved the draft federal budget for 2025, along with…

Wednesday June 25, 2025
  • Companies

Interpipe supplied premium pipes for gas production in Romania

Ukrainian industrial company Interpipe has supplied premium pump and compressor pipes to Romania. This is…

Wednesday June 25, 2025