KYIV. May 10 (Interfax-Ukraine) – Public joint-stock company Ukrzaliznytsia saw UAH 12.8 million of net profit in January-March 2017, while a year ago its net loss stood at almost UAH 2 billion, the company’s press service reported, referring to a consolidated report.
Net sales income over the period totaled almost UAH 18 billion (21.5% up year-over-year).
Financial costs fell by 21%, to UAH 909.9 million. Financial revenue almost quadrupled, to UAH 18.5 million.
“The financial policy of the public joint-stock company allowed boosting stocks and cutting noncurrent and current liabilities, which influence the general financial figures. In addition, a share of short-term liabilities is falling, giving better financial stability to the company in the medium term outlook,” the company said.
Earlier according to a company report posted in the information disclosure system of the National Commission for Securities and the Stock Market, its net profit was almost UAH 48 million.
Ukrzaliznytsia told Interfax-Ukraine that the difference between the figures is linked to the fact that the earlier published report did not include indicators of some private joint-stock company incorporated in the company and affiliated companies.
KYIV. May 10 (Interfax-Ukraine) – U.S. venture fund General Catalyst has invested $110 million in IT company with Ukrainian roots Grammarly.
Bloomberg has reported that the startup makes software that underlines awkward words and phrases in the user’s writing and makes suggestions, similar to a feature in Microsoft Word.
“The software tailors the tone and word choice of personal or professional writing for the 6.9 million people using the tool daily, many of whom interact with the service through a web browser extension for Google Chrome,” Bloomberg said.
According to a website of the company, Grammarly has offices in San Francisco, New York and Kyiv.
KYIV. May 10 (Interfax-Ukraine) – Public joint-stock company Ukrgasvydobuvannia intends using the proceeds of a $76 million equivalent loan from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) for a project of increasing the production from existing wells owned and operated by the company, the EBRD has said on its website.
The proposed project will require the procurement of the following goods, works and services: gas-turbine and reciprocating compressors and mobile well workover rigs of different loading capacity.
Tendering for the above contracts is expected to begin in the third quarter of 2017.
Ukrgasvydobuvannia told Interfax-Ukraine that the deal has been signed in a form typical for urgent procurement: first tenders are held, then agreements with banks are signed and the funds are provided.
KYIV. May 5 (Interfax-Ukraine) – DTZ international consulting company in Ukraine (Kyiv) has conducted rebranding and from May 1, 2017 changed its name to Cushman & Wakefield, according to a press release from the company.
“The rebranding occurred as a result of the merger of DTZ and Cushman & Wakefield, which led to the creation of one of the world’s leaders that provides consulting services in the field of commercial real estate,” DTZ said in an official letter to clients and partners.
According to the company, the change in the brand did not affect the composition of the management and the DTZ team in Ukraine, they will continue working in the former office.
DTZ was founded by Chesshire Gibson, which began operations in Birmingham (the United Kingdom) in 1784. It provides comprehensive services and solutions for investment, leasing, management and maintenance of real estate, as well as management of construction, assets, investments, projects and object evaluation.
Cushman & Wakefield was founded in 1917 and is the leading consultant in the field of commercial real estate with an annual income of over $6 billion. The company has about 45,000 employees in more than 70 countries.
KYIV. May 5 (Interfax-Ukraine) – Ukraine’s Economic Development and Trade Ministry on April 26, 2017 placed the Yavoriv industrial park to the register of industrial parks. The park is the 19th park on the register.
According to a ministry’s report issued on Wednesday, a transport hub is located on the territory of the park going to Nemyriv and then crossing the customs checkpoint in Rava-Ruska to Zamosc (Poland); as well as going to Yavoriv following M10 highway to Lviv then to Krakovets and crossing the customs checkpoint to Jaroslaw (Poland).
The Hrushiv-Budomierz customs checkpoint is located 5 km far from the park. One can get to Lubaczow in Poland crossing this checkpoint.
Yavoriv district council initiated the creation of the park on 40 ha. The park has been created for the period of 30 years to develop Yavoriv district and increase its competitiveness thanks to stepping up investments activities.
KYIV. May 5 (Interfax-Ukraine) – Dniprovsky steel works, part of the ISD corporation, was the largest recipient of VAT in April 2017. The company received UAH 1.205 billion in April and UAH 647.8 million in March for the first time this year.
The State Treasury Service reported on Thursday that State Food-Grain Corporation received UAH 882.5 million of refunds (in March nothing was refunded), and the leader of the first three months – Kernel-Trade got UAH 667.4 million in April.
Other largest VAT recipients were ArcelorMittal Kryvyi Rih with UAH 453.8 million, Mariupol Illich Steel Works with UAH 376.3 million and Zaporizhstal with UAH 296.9 million, Suntrade with UAH 237.7 million, Radekhiv Tsukor with UAH 195.4 million, Cargill with UAH 191.9 million and ADM Trading Ukraine with UAH 185.1 million.
Poltava Mining received UAH 177.7 million in April, Nibulon – UAH 175.2 million and Lebedyn Seed Plant – UAH 164.7 million.
In general, UAH 11.09 billion was refunded in April, which is 11.8% more than in March 2017 and 55.5% more than in April 2016.
