Metinvest retains profit of three GOKs for 2014 without distribution

17:54, 17.04.2015 1 min read

Ukraine's largest mining and metallurgical holding Metinvest has decided not to distribute the 2014 net profit of PJSC Northern Iron Ore Enrichment Works (SevGOK), PJSC Central Iron Ore Enrichment Works (CGOK), PJSC Ingulets Iron Ore Enrichment Works (InGOK, all based in Kryvy Rih, Dnipropetrovsk region), and PJSC Khartsyzsk Pipe Plant (Donetsk region).

According to the protocols of general shareholders' meetings posted on the holding's website, this was decided by the shareholders of SevGOK and CGOK on March 31, InGOK - April 1, and Khartsyzsk Pipe Plant - April 3 this year.

The SevGOK shareholders approved net profit for 2014 in the amount of UAH 1.546 billion and retained it with no distribution.

The CGOK shareholders approved net profit for last year in the amount of UAH 767.854 million and also retained it with no distribution.

The InGOK shareholders approved a net profit of UAH 976.170 million and also left it with no distribution.

Khartsyzsk Pipe Plant approved a net profit of UAH 434.783 million and left it without distribution.