Against the background of the decline in industrial production, the outflow of professional personnel and the developing economic crisis, the companies of the DCH group paid more than UAH 1.65 billion in tax payments in the nine months of 2024, increasing deductions compared to the same period last year by 14.5 %, or UAH 210 million. The total amount of taxes paid by the companies of the DCH group since the beginning of the full-scale invasion of the Russian Federation reached almost UAH 5.5 billion.
The main increase in tax payment compared to 9 months of 2023 was provided by the following businesses: Credit Dnipro Bank - by UAH 95 million, Kharkiv Tractor Plant - by UAH 32 million, ORANTA insurance company - by UAH 70 million. In the hard times for the country and business, the Group's companies continue to work and pay taxes, provide jobs and social assistance to their workers.
Dnipro Metallurgical Plant (DMZ) in January-September 2024 reduced the production of rolled metal by 56.9% compared to the same period last year. Production of metallurgical coke decreased by 0.4%. In April, DMZ successfully passed a supervisory inspection of the hot-rolled steel production control system in accordance with EU standards. Moreover, the plant recently passed an independent verification audit of the report on greenhouse gas emissions for 2023.
During the 9 months of the current year, Sukha Balka Mine put into operation 8 new blocks with total reserves of 906 thou tons of raw ore.
Since the beginning of the full-scale invasion of the russian federation on the territory of Ukraine, Kharkiv Tractor Plant (KhTZ) has been in the war zone. The territory of the plant is subjected to constant shelling. Despite this, KhTZ continues to maintain electricity, gas and water supply to the plant and the city district, keeps up the production of machinery for agriculture and critical infrastructure of the country.
In June, Credit Dnipro Bank together with the Independent Association of the Banks of Ukraine and 18 largest commercial banks signed a memorandum of bank lending for energy infrastructure rebuilding projects, which was dictated by the country's strategic need to ensure energy independence.
In August, RA "Standard-Rating" confirmed Credit Dnipro Bank's long-term credit rating at the level of uaAAA (highest creditworthiness) on the national scale. Besides that, Credit Dnipro Bank entered the TOP-5 banks of Ukraine in terms of the volume of loans issued within the framework of the eOselya affordable mortgage program and took a leading position among non-state banks.
The credit rating of the insurance company "INGO" remained at the uaAA level, with the forecast "in development". The credit rating of the insurance company "ORANTA" was confirmed at the uaA level with the forecast "in development".
A significant challenge for manufacturing enterprises at present is the outflow of personnel, connected, in particular, with the mobilization of personnel. Since the beginning of the war, 465 employees of Sukha Balka and 268 workers of Dnipro Metallurgical Plant joined the ranks of the Armed Forces. Periodic power outages, when enterprises have to reduce or completely halt production, also leave their mark.
Today, the number of DCH group employees reaches more than 7,600 people. 912 employees of the Group are currently serving in the Armed Forces of Ukraine. Unfortunately, 55 of those who joined the ranks of the Armed Forces died.
Reference
DCH Investment Management is a financial and industrial group that manages investments in iron ore mining and metallurgy, machine building, real estate, insurance, banking, and the hospitality industry. The company has extensive experience in effective investment in Ukraine.
PR department of DCH
