Smart Holding Group paid UAH 2.5 billion to budgets of all levels for 9 months of 2022

The companies that are part of Smart Holding* investment group paid 2.5 billion hryvnias (UAH) in taxes and fees to the budgets of all levels for nine months of 2022.

Smart Holding’s businesses tellingly reflect the current situation in the Ukrainian economy. Like the entire industry sector of Ukraine, they have suffered significant losses from the full-scale russian aggression, but they have persevered. The production activity of some businesses stopped due to the hostilities and temporary occupation, where the control over the enterprises was lost.

Thus, due to Russia’s full-scale aggression against Ukraine, Naval company stalled its operations, Kherson shipyard of SMG was under temporary occupation, and enterprises in Mykolaiv and Ochakiv are not operational due to enemy shelling and mining of the water area. Some shopping malls of Smart Urban Solutions company were destroyed, and those in the occupied territory were seized. Park Inn Hotel on Olympic Square in Kyiv is closed. However, where possible, production has resumed and continues now or an enterprise has been relocated. For example, gas enterprises of Smart Energy Group have resumed gas production at the fields in Kharkiv and Poltava regions. Enterprises of Veres company introduced a line of canned food products, which in part are used for humanitarian aid. Soton LLC, the domestic producer of polycarbonate, has been relocated from Dnipro to Uzhgorod, and its exports to the EU, USA and other countries are being resumed.

Despite all the difficulties of martial law, in nine months of 2022, the Company’s enterprises paid 2.5 billion hryvnias in taxes and fees to the budgets of all levels. Of this amount, UAH 2.3 billion was paid to the state budget and deductions to local budgets amounted to UAH 0.2 billion.

Since the beginning of the war, the Group’s enterprises and Vadym Novynskyi Charitable Foundation have allocated almost 1 billion hryvnias** for humanitarian projects and aid to Ukraine. Among other things, these also included more than 110 ambulances imported from Europe, which are used both by communities to provide medical aid and by the Armed Forces to evacuate the wounded.

*(not including the enterprises of Metinvest and HarvEast Groups)

** taking into account the ownership share in Metinvest and the amount of humanitarian aid of this company

Reference:

Smart Holding is one of the largest investment groups in Ukraine. The interests of the Group focus on the industries that are the key ones for the economy of the country. The companies of the Group invest in metals and mining, oil and gas segment, agriculture, shipbuilding, real estate and energy sector. The strategy of Smart Holding is aimed at efficient management of a diversified investment portfolio in order to increase its value in the long term.