JSC System Capital Management, SCM Group

Description

SCM is Ukraine’s leading financial and industrial group with consolidated revenues of $19.542 billion in 2011. System Capital Management (JSC SCM) is responsible for strategic management over SCM Group. SCM is a socially responsible, effective and rapidly growing business. System Capital Management (JSC SCM) - the managing company for SCM Group - was established in 2000 in Donetsk, Ukraine. In its early years SCM business was a combination of individual assets managed directly by System Capital Management. However, this corporate structure was not efficient and in 2006 we decided to restructure our business in line with the highest international standards of corporate governance. Today SCM deals with strategic management, while most assets are governed by industrial holdings. SCM is a corporate centre, the heart and brain of our Group. The Company designs the development strategy of the entire Group, makes key investment and management decisions and approves candidates for senior vacancies. SCM manages the Groups businesses through its representatives sitting on Supervisory Boards of the industrial holdings. System Capital Management (SCM) is Ukraine’s largest diversified group. Its business areas cover metals and mining, energy, machine building, finances, telecommunications, media and other sectors of the economy. SCM has over 100 companies under its control. Key consolidated indicators of SCM in 2011: Consolidated assets of SCM Group as of the end of 2011 made $28,446bn (as of the end of 2010 - $ 22.788bn) Consolidated gross revenue of SCM Group in 2011 made $19,542bn (in 2010 - $ 12.819bn) Consolidated profit of SCM Group in 2011 before taxes made $3,128bn (in 2010 - $ 1.299bn) Consolidated expenses on profit tax of SCM Group in 2011 made $0,87bn (in 2010 - $ 0.449bn)