OGHK again paid record dividends

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OGHK again paid record dividends

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Money

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On 26 June, the company transferred to the state budget 332,6 million UAH of dividends for 2017, set a new own record

This is the second record that was set by the company. Last year she paid 321,8 million UAH of dividends for 2016, which was a historical event for team OGHK.

Acting head of Board of JSC “United mining and chemical company” Alexander Gladyshko believes that this significant financial step once again confirms that the company maintains the status of a donor of the state budget and is an influential budget-employer in the regions where there are branches of OGHK.

“For the fourth consecutive year, our company is socially responsible taxpayer, annually increasing contributions and obligatory payments to the budgets of all levels. We are pleased that the country will have a tax base to improve social standards, thanks to us,” he says. In his opinion, OGHK, as a state owned enterprise, fully fulfills its social mission by paying all required payments to the state.

Deduction of dividends in favor of the state is not the only step in as a donor of the state budget. Last year OGHK paid 875,7 million UAH of taxes and obligatory payments to the budgets of all levels. The largest of them, and 148.3 million UAH of income tax, 141,2 million UAH – for the use of subsoil and 321,8 million UAH of dividends.

The payment of such taxes and fees was made possible thanks to the positive financial results of the company. According to the Ministry of economic development and trade of Ukraine, in the first half of 2017 OGHK is ranked 13th according to the obtained net financial result – net profits among all public sector enterprises. It amounted to UAH 303 million.

In 2014, as OGHK took control Irshansk ore mining and processing plant and Vilnohirsk mining and metallurgical combine, the deduction of taxes and fees in budgets of all levels are constantly growing. In 2014, this figure was only 16.9 million UAH, in 2015 reached 361,2 million UAH, in 2016 – 781,2 million, in 2017 875,7 million.

“I think that kind of return from plants in the form of taxes paid to the state, as made OGHK in its four years of work on the titanium market, Ukraine has not yet received”, – said Alexander Gladyshko.

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