Renault Ukraine to transfer 517.3 mln hryvni in dividends to parent company

MOSCOW. Nov 1 (Interfax) - Renault Ukraine, a full subsidiary of France's Renault, will pay 517.297 million hryvni in dividends from January 15 to April 17, 2025 at a rate of 162.38 hryvni per one share with a face values of one hryvna.

The sole shareholder, Renault SAS, made this decision on October 17, Ukrainian media reported citing the company's data in the National Commission for Securities and Stock Market's information disclosure system.

The statement does not specify the amount of retained profit of the company.

It was reported earlier the company paid dividends totaling 142.325 million hryvni at a rate of 44.67 hryvni per share from December 7, 2023 to April 22, 2024.

The commission and on the company's website do not provide a financial report for 2023. According to the Clarity Project, Renault Ukraine boosted its net profit 260% to 517.3 million hryvni in 2023 compared to 2022, with the revenue having grown 160% to 7.213 billion hryvni.

Retained earnings totaled 595.2 million hryvni by early 2024.

Renault topped car sales in Ukraine for several years, but it ceded its leadership to Toyota in 2021, ranking second with sales of 13,450 cars, Auto-Consulting said.

Renault remained second on the market in 2022, but its share dropped to 10%, while sales fell to 4,000 cars. The whole market of passenger cars in 2022 shrank 61.3% to 40,076 cars.

Renault ranked the third in 2023, having sold 5,830 cars, taking nearly 9% of the market. It ranks the second in the monthly rankings in 2024.

The Renault Ukraine importing company was founded in 2005 as a subsidiary of France's Renault SAS, part of Renault Group.

The company's authorized capital is 3.186 million hryvni.