PrJSC Poltava Oil Crushing Plant, one of the largest producers of sunflower oil in Ukraine, saw UAH 104.65 million in net loss in 2020 versus UAH 63.15 million in net profit a year earlier.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets during the year grew by 1.7%, to UAH 1.32 billion, and the uncovered loss amounted to UAH 49.29 million versus UAH 54.92 UAH million of net profit a year earlier.
According to the results of the year, the total accounts receivable of PJSC Poltava Oil Crushing Plant decreased by 65.5%, to UAH 180.19 million.
According to the report, at the annual meeting of shareholders scheduled for April 16, it is planned to obtain approval for the company to carry out significant transactions with a total value of up to UAH 5 billion, which can be used by the company to conduct business in 2021. The agenda of the meeting also includes the appointment of Niva-Audit to conduct a statutory audit of the company’s financial statements for 2019.
According to the unified public register of legal entities and private entrepreneurs, the Poltava Oil Crushing Plant belongs to the largest shareholder of the Kernel agricultural holding Andriy Verevsky.
National bank of Ukraine’s official rates as of 16/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 16
One troy ounce=31.10 grams
About a third of Ukrainians intend to increase their online purchases in the next year or two, and 20% are going to make less purchases in bricks-and-mortar stores, according to the results of a survey on the impact of the pandemic on consumer sentiment of Ukrainians conducted by Deloitte in Ukraine.
Senior Manager of Retail Group at Deloitte in Ukraine Oleksandr Yampolsky said on Tuesday that 1,600 respondents, selected according to a quota sample, took part in the survey in December 2020.
“There are two more important figures. 40% of respondents do not feel comfortable shopping in bricks-and-mortar stores. Every second respondent is worried about their data when buying something online. Companies in the retail sector should pay attention to this,” Yampolsky said, presenting the results of the survey.
According to the survey conducted by Deloitte, 66% of respondents, speaking about the effect of quarantine on their purchases, reduced their alcohol purchases, and 31% had an increase in spending on medicines.
The survey also showed that the majority of Ukrainians (98% of respondents) continue buying groceries in bricks-and-mortar stores, and only 44% of those surveyed have experience of buying groceries online.
At the same time, respondents believe that the average check for products in an online store is 52% higher than in a traditional one, while for household chemicals, respondents’ price expectations in online stores are twice as high as in bricks-and-mortar ones.
“At the same time, 57% of respondents said they prefer a convenience store,” Audit & Assurance Partner, Retail Group Leader in Deloitte Ukraine Olha Shamrytska said.
“There is a significant attachment of buyers to the brand. 64% of respondents said that the brand affects significantly or in some way the way they shop,” Shamrytska said.
She also said that 49% of respondents thoughtfully choose food in the store, and 37% make their choice even before going to the store.
As for electronics and household appliances, about 85% of respondents make such purchases in bricks-and-mortar stores, but 65% also buy them in an online store.
According to Shamrytska, among this category of goods, the respondents most often bought smart watches and fitness bracelets, tablets, phones, multicookers and smart speakers in 2020.
Average monthly wage by region in Jan 2020, UAH.
Ukrainian enterprises increased their consumption of rolled products by 18.7% in January and February 2021, year-over-year, to 766,000 tonnes.
According to a press release from the Ukrmetallurgprom association on Monday, some 110,000 tonnes were imported during this period, or 14.4% of the internal market for the consumption of rolled metal.
“In January and February 2021, the capacity of the internal market amounted to 766,000 tonnes of rolled metal, of which 110,000 tonnes, or 14.4%, accounted for imports. In January and February 2020, the capacity of the internal market was 645,300 tonnes, of which 163,300 tonnes, or 25.3%, were imported. Thus, in January and February 2021, there is an increase in the capacity of the internal market of rolled metal relative to January and February 2020 by 18.7% with a simultaneous decrease in the share of imported component by 10.95%,” the company said in the press release.
In addition, it is noted that the structure of imports in January and February 2021 is characterized by the dominance of flat products over long products (54.55% and 42.82%, respectively); in January and February 2020, on the contrary, the dominance of long products over flat products was observed (54.87% and 42.56%, respectively).
According to Ukrmetallurgprom, in January and February 2021, Ukrainian metallurgical enterprises produced 3.15 million tonnes of rolled metal (100.3% year-over-year), of which about 2.49 million tonnes were exported, or 79.2%. In January and February 2020 the share of exports was 84.7% (2.66 million tonnes with a total production of 3.14 million tonnes of rolled metal).
The share of semi-finished products in export deliveries accounted for 48.84% over two months of 2021, which is slightly lower than the indicator for the same period in 2020 (50.34%). Share of flat products in export deliveries in January and February 2021 significantly higher, year-over-year (35.97% and 30.55%, respectively). The share of long products in export deliveries in January and February 2021 noticeably inferior to the indicator for the same period in 2020 (15.20% in 2021 against 19.11% in 2020).
In January and February 2021 the main export markets of Ukrainian metal products were the countries of the European Union (29.9%), other European countries (23.5%) and the Middle East (9.9%).
Among metallurgical importers the CIS ranks first (53.2%), the EU-27 ranks second (24.9%), and Asian countries rank third (11.6%) over the first two months of 2021.
