Makeevsky Metallurgical Plant reduced the annual income by five times

As indicated in the annual report on the financial reporting standards of the Makeevsky Metallurgical Plant, which was published in the information disclosure system of the National Commission for Securities, the revenue of this enterprise in 2012 decreased by 81.3%. It amounted to a little more than 515 million UAH. As for pure income, then, compared with 2011, it fell by 79.1% and amounted to 467.7 million UAH.

At the same time, the Makeevsky Metallurgical Plant managed to reduce the net loss. It turned out to be 77% less than in 2011 - a little more than 101 million UAH.

Also, a negative financial result was reduced by 78% before taxation - its volume amounted to 96.3 million UAH.

The size of the outstanding loss of the Makeevsky Metzur at the end of 2012 did not reach UAH 774 million.

Earlier it was reported that during the reporting period, the Makeevsky Metallurgical Plant reduced its current obligations by one tenth - to 3.6 billion UAH. At the same time, its long -term obligations were grown by 10.2%. Their volume exceeded 203 million UAH. The receivables of the plant were reduced by 9% - to 2 billion UAH.

In 2012, MMZ assets were reduced to 4.6 billion UAH - by almost 10%. Of that number, fixed assets amount to 2.56 billion UAH. The number of employees was reduced to 38 people - this is less than a third of 2011.

The authorized capital of the Makeevsky Metallurgical Plant is 685 million UAH. The face value is equated to 1 UAH.

More than 90% of the enterprise at the end of 2012 is owned by the Dutch company-Holding Metinvest B.V.

Recall that since April 2011, MMZ has been a branch of the Enakievsky Metallurgical Plant. It is part of the Metinvest group. Together with it, this group consists of enterprises such as the aforementioned EMZ and LLC Metalan (Swiss-Ukrainian enterprise). The main shareholders of Metinvest are the group of companies Smart-Holding and System Capital Management CJSC (23.75 and 71.25 percent, respectively). By the way, the owner of the latter is the famous Ukrainian businessman Rinat Akhmetov. The position of chief manager "Metinvest" is held by Metinvest Holding LLC.

PAO Makeevsky Metallurgical Plant began its work in 2004. Then this enterprise was part of the reorganization of the Makeevsky Metallurgical Plant OJSC.