PJSC Ukrtelecom in 2020 reduced its net income by 2%, to UAH 6.214 billion, the company’s CEO Yuriy Kurmaz said at a press conference in Kyiv on Wednesday.
At the same time, EBITDA increased by 4.8%, to UAH 1.698 billion, and EBITDA margin by 1.8 percentage points, to 27.3 compared to the operator’s audited statements for 2019.
The company’s capital investments decreased by 0.5%, to UAH 688 million.
In 2020, Ukrtelecom built 10,000 km of fiber-optic communication lines, providing 270,000 households with the access to the optical Internet network.
Ukrtelecom is the largest fixed-line operator in Ukraine. It is the sole founder and participant of TriMob LLC – a mobile operator of 3G/UMTS standard.
Agricultural holding Kernel, one of the largest in Ukraine, in the second quarter of fiscal year 2021 (FY, began in July 2020) saw $170.64 million in net profit, a rise of 3.8-fold year-over-year.
According to the company’s report posted on Friday, its revenue in October-December 2020 grew by 28.5%, to $1.327 billion.
The company said that in H1 FY2021 its net profit amounted to $404.02 million, and revenue reached $2.267 billion, a rise of 3.9-fold and 20.4% year-over-year respectively.
Kernel said that EBITDA in Q2 FY2021 increased 2.5-fold, to $269 million, and in H1 FY2021 – 2.6-fold, to $559 million.
The company said in the report that a grain price boom and oilseeds price hikes created an opportunity momentum for trading business.
President of Ukraine Volodymyr Zelensky has signed decree No. 75/2021 on the appointment of Oksana Markarova as Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States of America, the official website of the head of the Ukrainian state reported on Thursday.
Ukraine has an experience of possible cooperation with the U.S. company Boeing, in particular, on the localization of their aircraft, Deputy Prime Minister for Strategic Industries Oleh Urusky said in an interview on Army FM radio.
“I do not exclude that during my visit to the United States we will contact Boeing with these proposals, in particular regarding the possible localization of the production of this company’s aircraft at our Antonov,” he said.
Urusky said that due to the coronavirus crisis, Boeing, like many companies, has significantly decreased the number of orders.
“Now everyone is looking for new markets and opportunities. We are setting ambitious goals for ourselves to develop our military aviation. I hope that cooperation with Boeing will be useful for us in this direction,” the deputy prime minister said.
He also said that in addition to the contract signed by the Defense Ministry with Antonov at the end of 2020 on the production of three An-178s, an order for four An-74s is being prepared in 2021. Urusky said that the delivery date for the first An-178 is 2023.
By the end of 2020, Ukrainian manufacturers of metal structures increased production by 6.5% compared to 2019, to 147,000 tonnes, according to a report of the Ukrainian Steel Construction Center (USCC).
“Key manufacturers of metal structures have increased production, and the number of metal imports to Ukraine has also increased. The influence of the commercial sector – nonresidential construction has decreased, but at the same time we note a significant increase in infrastructure construction. For example, in Poland, 50% of orders are exactly infrastructure, and we are going exactly in this direction,” Executive Director of the USCC Viacheslav Kolesnik said at the IX National Conference of Steel Construction Market Participants held in Kyiv on Tuesday.
According to him, quarantine restrictions did not significantly affect the results of the enterprises. Consumption of metal structures increased due to state-funded programs and projects Big Construction, Roads to Borders, Travel around Ukraine, Small Carpathian Ring, the program of restoration of bridges, etc.
“Shipments in the segment of road safety fence have significantly increased. More than 16,000 tonnes of metal were shipped to the Zaporizhia Bridge alone,” Kolesnik said.
At the same time, Ukraine follows the European trend of increasing the specific share of large manufacturers of metal structures – in 2020, the share of enterprises that produced more than 5,000 tonnes of products grew by 5% and amounted to 48% of the total.
Chairman of the Verkhovna Rada of Ukraine Dmytro Razumkov met with Ambassador of the Republic of China to Ukraine Fan Xianzhuan on Tuesday, the press service of the Rada apparatus said.
During the meeting, the sides reportedly paid attention to the discussion of economic cooperation between the two countries. Razumkov stressed that Ukraine invariably supports the position of comprehensively deepening relations with China.
“Few countries can boast of economic growth in the past year. China’s economy was the first to be hit by the coronavirus, but you have successfully passed this challenge,” the speaker said. He also thanked China for its assistance to Ukraine in the fight against the COVID-19 pandemic.
