PJSC Ukrhydroenergo in January-September 2018 saw net profit rise by 22% compared to the same period of the previous year, to UAH 2.298 billion.
According to the financial statements posted on the company’s website, net income for the three quarters grew by 21% (UAH 991 million) and amounted to UAH 5.524 billion, gross profit by 29%, to UAH 3.272 billion.
As reported, in 2017 Ukrhydroenergo saw net profit fall by 33.7% (UAH 744.185 million) compared to 2016, to UAH 1.466 billion, net income by 4.7% (UAH 281.413 million), to UAH 5.716 billion, gross profit by 12.6% (UAH 423.322 million), to UAH 2.949 billion.
Ukrhydroenergo operates all the major hydroelectric power stations located in the Ukrainian parts of the Dnipro and Dniester rivers. The total installed electric capacity of the hydropower plants of the company (103 hydroelectric units) is 5,758 MW. The state represented by the Ministry of Energy and Coal Industry owns 100% of the company’s shares.
The IT industry of Ukraine will pay UAH 9-10 billion of taxes in 2018, according to a study of experts from IT Ukraine and Better Regulation Delivery Office (BRDO).
“In the first half of 2018, the amount of taxes paid by the Ukrainian IT industry increased by 30.1% and amounted to about UAH 5 billion. We predict that by the end of the year it will be UAH 9-10 billion, which will go both to the local budget and the country’s budget,” IT Ukraine said on its website, citing President of IT Ukraine, Managing director of GlobalLogic in Ukraine Ihor Beda.
IT Ukraine also said that, according to the State Fiscal Service, the amount of taxes paid by IT companies in 2014-2017 grew annually by an average of 27% and reached UAH 4.1 billion. In 2018, this trend continues.
A significant number of IT professionals collaborate with companies under contracts as individual entrepreneurs, independently paying the single social security tax. The volume of this tax, according to State Fiscal Service, amounted to UAH 3.2 billion in 2017.
According to a poll conducted as part of the survey, payment for the services of specialists is 80-85% of the costs of companies.
In addition, the importance of IT services in the structure of Ukrainian exports is growing rapidly.
“According to the results of the first half of 2018, IT services overtook pipeline transportation and became the second largest industry in the export of services – more than 20% of all exported services,” IT Ukraine said.
According to the survey of companies, revenues of the domestic IT business are predominantly of foreign origin – Ukrainian developers cooperate with the United States, the U.K., Germany, Canada, Israel, Sweden and Switzerland.
“If current conditions are maintained, the growth rate of the IT industry in the coming years will be 20-25%. But Ukraine’s potential in the field of IT products and services is much more… The growth of the industry by 25-30% is possible in the near future if the government and the state will focus on priority sectors and will start to solve urgent problems in a comprehensive manner,” Head of Epam Ukraine Yuriy Antoniuk said, being quoted in the IT Ukraine report.
He said that the pressing challenges of IT business in Ukraine are: employment of foreigners, the development of human capital and education, the elimination of obsolete legislative barriers, the development of the ecosystem and the creation of technology parks.
Schlumberger Services Ukraine LLC will provide coiled tubing (CT) services, including high-tech services using CT drilling rig and engineering support, for $92 million to JSC Ukrgazvydobuvannia. According to a report of Naftogaz Ukrainy, the respective contract, which is to be implemented in the next three years, was signed with Schlumberger Services Ukraine in October 2018. One CT drilling rig has been shipped to Ukraine and is ready to be exploited at wells of Ukrgazvydobuvannia.
“Ukrgazvydobuvannia expects to improve its technological expertise and enhance the production of hydrocarbons using highly efficient CT services and other technologies provided by Schlumberger,” the company said.
In addition, Naftogaz and Ukrgazvydobuvannia intend to further enhance their strategic technology collaboration with Schlumberger Services Ukraine LLC in drilling, hydraulic fracturing, hydraulic stimulation, software development and 3D modeling, as well as the provision of advanced equipment and software solutions. The companies have signed the respective memorandum of understanding.
Naftogaz said that this collaboration with Schlumberger will give Ukrgazvydobuvannia and Naftogaz access to high-technology solutions to help deliver their Strategy 20/20 goals.
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.
