SCM paid almost UAH 35B in taxes in H1 2021

In January-June 2021, SCM Group paid almost UAH 35 billion in taxes, of which UAH 29 billion was transferred to the state budget and UAH 5.8 billion to local budgets.

Ukrinform reports this with a reference to the press service of SCM Group.

“In H1 2021, SCM's Ukrainian businesses paid almost UAH 29 billion to the national budget, up by 57% year-on-year. Taxes paid to local budgets grew 38% to UAH 5.8 billion,” reads the report.

It is noted that investments in modernization and fixed assets rose by 88% to UAH 17.7 billion compared to the first half of 2020.

Funding for social programs amounted to UAH 5.3 billion. Of these, environmental protection and occupational safety accounted for the biggest share - UAH 3.3 billion and UAH 1.3 billion, respectively.

SCM is an international investment company operating in seven countries of Europe and North America. The industrial holdings and business assets of SCM operate in mining and metals, energy generation, banking, telecommunications, mass media, transportation, agriculture, insurance, and other sectors.

SCM's portfolio includes Metinvest, DTEK, First Ukrainian International Bank (FUIB), Ukrtelecom, Media Group Ukraine, UMG Investments, Lemtrans, ESTA, HarvEast, ASKA, ASKA-Life, etc. Over 500 businesses of SCM employ around 200,000 people.

The ultimate beneficial owner of SCM is businessman Rinat Akhmetov.

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