Farmak reinvests 95% of its profits in the development.
“We have never paid more than 5% of our profits as dividends. We have reinvested everything in the development. Due to this, Farmak’s capitalization can be estimated at $850 million to $1 billion today. If I sell the shares that I hold, I will earn a very large amount of money, but I have no intention to sell them. Basically, I am a rather wealthy person, but I have no special wealth. And I do not need it – I do not like a luxurious life. When I am abroad, I prefer to go and buy food at the market than dine at a fancy restaurant,” said Filya Zhebrovska, Chairman of the Supervisory Board of JSC Farmak in the interview with Focus.
As Filya Zhebrovska explains, the Company now goes through the transition period that will last for another two or three years. “In 2017, before retiring from business, I worked a lot on business processes, and then I invited Slovakian expatriate manager Augustin Dubnička to manage the Company, as I wanted to make sure that the built processes were clear for people from the outside. He worked for nine months and we experienced no catastrophe. After that, I entrusted control to Volodymyr Kostiuk, and since then I have not interfered with the operational activities. All top managers of the Company, with whom we created Farmak, joined me in the Supervisory Board. We have to afford an opportunity to the next generation to prove themselves,” she said.
It is worth noting that Farmak plans to invest approximately UAH 1.2 billion in the development in 2020.
In total, the Fund donated over UAH 4 million to fight the COVID-19 pandemic in the Ruzhynskyi district, as well as to reconstruct and equip a first-aid post in Nemyryntsi village As part of the anti-pandemic campaign, the Zhebrivski Family Charitable Foundation provided the Municipal Non-Commercial Enterprise “District Central Hospital” of the Ruzhynskyi Di...
The video presents a story of a typical day of several Farmak employees who get up before dawn, take care of their loved ones and go to work to fulfil an important mission. In such a simple form, the director portrayed Farmak as the Company with a soul, where employees are ordinary people, with their […]
Forbes included CEO of Farmak Volodymyr Kostiuk to the rating of the best directors of Ukraine. Twelve years ago, Volodymyr started his career at Farmak as Assistant to General Director, later he held a position in the Finance Division, worked on the SAP system, and in 2018 became the Company’s CEO. Due to the implemented […]