The “UMCC” expects to receive $166.9 million in revenue in 2021

by Roman Cheplyk
Thursday, December 16, 2021
The “UMCC” expects to receive $166.9 million in revenue in 2021

“United Mining and Chemical Company” summed up the preliminary financial results in 2021

Expected sales revenue at the end of 2021 will be $166.9 million, which is $52.007 million more than in 2020, according to the company's press service.

Earnings before Interest, Taxes, Depreciation, and Amortization are estimated to be $34.5 million by the end of 2021, almost $16.6 million more than last year. 

This year's pre-tax financial result is expected to be $23.4, which is almost 53% higher than in 2020.

United Mining and Chemical Company's current accounts have a stable liquidity balance, which has not decreased by less than $7.35 million over the past six months.

The financial condition of United Mining and Chemical Company in 2021 allowed to deduct part of the net profit from dividend payments to the state in the amount of $9.3 million, of which $6.7 million were dividend payments for 2020 and the rest – surcharges for 2018.

Capital investment in 2021 is expected at $6.6 million; all investment activities are carried out without attracting credit resources.


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