Stalkanat-Silur increased its net profit almost three times in 2021

Production association Stalkanat-Silur according to the results of last year’s work increased its net profit by 2.8 times compared to 2020 – up to UAH 327.8 million. Retained earnings as of December 31, 2021 amounted to UAH 116.6 million. This is reported by the Interfax-Ukraine agency.

The general meeting of shareholders is scheduled for September 30, 2022. Meetings will be held online. The start date of shareholder voting for the agenda is September 19, the end date of voting is September 30, 2022 at 6 p.m.

“The shareholders will consider a number of issues based on the results of the work in 2021, in particular the CEO’s report on the company’s financial and economic activities for the past year and the main areas of activity in 2022. They will also consider the report of the company’s supervisory board, approve the report and conclusions of the auditor of the company, approve the annual report, in particular the annual financial statements for the past year. It is proposed to recognize the activity as satisfactory on all these issues,” the message states.

In addition, the shareholders will decide on the distribution of the company’s net profit for 2021, which, according to the draft decision, is proposed to be left undistributed.

As GMK Center reported earlier, the Stalkanat plant in June 2022 was loaded with 75% of its capacity and 90% of the products were exported. The products are supplied mainly to the EU by road, although logistics costs have almost doubled.