Official rates of banking metals from national bank as of June 5
Official rates of banking metals from national bank as of june 5
Naftogaz Ukrainy, following the results of its activities from providing natural gas transit services in January-March 2020, received a positive EBITDA (profit before interest, taxes and depreciation) of UAH 372 million, according to consolidated unaudited statements published on the company’s website.
At the same time, the net income of the company from transit services in January-March 2020 amounted to UAH 10.382 billion.
In turn, according to the report of Gas Transmission System Operator of Ukraine LLC (GTSOU) for the first quarter of 2020, its net income amounted to UAH 14.715 billion (includes not only transit revenues, but also those from provision of internal transportation services).
As reported, the transit contract concluded in 2009 between Naftogaz Ukrainy and Gazprom expired on the morning of January 1, 2020. A new agreement between the companies on the organization of transportation, a transport agreement between Naftogaz and GTSOU, as well as an inter-operator agreement between GTSOU and Gazprom were signed on December 30, 2019.
The Danish pig breeding company Goodvalley with assets in Ukraine, Poland and the Russian Federation (formerly Danosha) in January-March 2020 received DKK66 million of net profit against DKK2 million of net loss for the same period last year.
According to the report on the company’s website, Goodvalley’s revenue for the reporting period increased by 24%, to DKK399 million, gross profit tripled to DKK203 million.
The company’s EBITDA in the first quarter of 2020 increased by 4.2 times, to DKK176 million, adjusted EBITDA by 3.5 times, to DKK131 million. EBITDA margin amounted to 44.2% (in January-March 2019 some 13%).
Poland provided 64% of the total revenue, Ukraine 27%, Russia some 9%.
Goodvalley in Ukraine increased revenue to DKK108 million, as well as adjusted EBITDA to DKK45 million amid rising volumes and rising prices, as well as a record high efficiency of production this quarter. Goodvalley increased sales of pigs in live weight by 28.4%, to 10,400 tonnes. The average selling price increased by 23.5%, to DKK12.76/kg.
Goodvalley is engaged in pig farming in Ukraine, Poland and Russia. The group is also engaged in crop production, production of animal feed, biogas and electricity. It consists of 34 farms, nine biogas plants in Poland, Ukraine and Russia. Goodvalley has a land bank of 38,300 ha.
Ukraine International Airlines (UIA) resumes regular flights between Kyiv and Odesa on June 5.According to the company’s press service, flights from Kyiv will be carried out on June 5 and 6, and in the opposite direction on June 8 and June 9.
According to the data in the UIA reservation system, the cost of one ticket with baggage is from UAH 1,500.
The airline asks passengers to adhere to the quarantine rules, to carry personal protective equipment, masks, and also to remember the need to maintain a social distance at the airport.
As reported, the Cabinet of Ministers of Ukraine decided to launch domestic flights from June 5, and international flights from June 15.
Megatex LLC (Konstantynivka, Donetsk region), the manufacturer of batteries from used batteries, has asked President of Ukraine Volodymyr Zelensky to help solve the problem of legalizing the purchase of recyclable materials.
“We produce accumulator batteries from used batteries, and now when buying recyclable materials (any), a company engaged in cashing money flows is at the end of some link, while the plants recycling this raw material take the punishment from the tax service and prosecutor’s offices. If this is brought to the legal business, the government will receive UAH 4-5 billion of additional receipts,” Head of the company Yuriy Shapran said during a meeting between the president and business representatives of Khmelnytsky region on Wednesday, June 3.
In his opinion, a solution of this problem could be a tax of 3-4%, which the processor would pay for the supplier of raw materials.
“If buyers of recyclable materials pay a tax of about 3-4% for the supplier, then this money will go to the budget. Today, I can frankly say this, this is the cost of the services of cashing companies and it will be easier for business to work, it will not spend time on all these troubles with the law,” Shapran said.
He said that in this case there will be no avoidance of identifying a supplier, which the EU is opposed to.
“We identify him (the supplier), but we pay this tax for him and then he is free, he is honest. The company paid the tax for him and it will not require any additional taxes afterwards,” Shapran said.
In addition, he considers it necessary to cancel the payment of a 5% import duty on recyclable materials for the production of batteries.
“We import raw materials from abroad, and we have a 5% duty, while there is no any duty on other raw materials. We have very low margin, so it is very difficult,” the head of the company said.
He also said that the company is ready to work, it has prospects and more and more foreign partners (it exports 75% of its products), and it is also ready to increase production volumes.
“There were problems under the previous government authority, namely Vesta plant in Dnipro, where former MP Dzenzersky [Denys Dzenzersky, MP of the seventh convocation] worked completely off the books. They were bankrupt, but they worked and the tax service did not come there, while we were unprofitable for four years,” Shapran said.
“That is, there are two problems, namely, to legalize the purchase of recyclable materials and remove the import duty on raw materials,” he said, providing Zelensky with the prepared materials.
Since 1993, Megatex LLC has been producing various lead alloys and is engaged in the production and maintenance of accumulator batteries, their purchase and recycling.
Ukraine has strengthened its position in the EU organic market and, according to the results of 2019, took the second place out of 123 countries exporting organic food to the EU, having risen two positions compared to the previous year, OrganicInfo portal has reported, citing the European Commission’s annual report titled “EU Imports of Organic Agri-Food Products: Key Developments in 2019.”
According to the report, in 2019, 3.24 million tonnes of organic agri-food products were imported into the EU, more than 10% of which came from Ukraine. According to the results of last year, Ukrainian exports to the EU increased by 27%, to 337,860 tonnes. Mostly Ukraine supplied the EU with cereals (including wheat, excluding rice) with 76.9% of cereals were Ukrainian origin, wheat (31.8%), oilseeds (except soy, 18.2%), soy (13%), and fruits (11%). Ukraine is also among the largest exporters of oilcake, fruit juices and vegetables, which are key export products.
OrganicInfo said that in 2018, Ukraine ranked fourth in terms of organic exports to the EU, being behind China, Ecuador and the Dominican Republic.
