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.
TOP 100. The Ratings of the Largest published the Employer Brand Rating and the Rating of TOP 30 Best HR Directors in Ukraine. According to the magazine, Farmak is one of three companies providing the best working conditions, and Viktoria Kondrashykhina, HR Director of Farmak, became the best HR director in the pharmaceutical industry. The […]
An innovative pharmaceutical museum, dedicated to the Pharmacist’s Day, was launched at Farmak, and it will soon visit the largest cities of the country to promote science In the Mobile Museum, you can learn about the history of Ukrainian pharmaceuticals on touch screens and discover the principle of medicinal products on the “Medicine map” model. […]
CEO of Farmak took part in a panel discussion during Kyiv Investment Forum “Local Business Development: from manufacturer to end consumer” and presented the components of successful business Paolo Di Croce, Secretary General of Slow Food International, Olha Mahaletska, Head of the Office of the National Investment Council, Iryna Danylevska, UFW Founder &...