Pharmaceutical Company “Zdorovye” LLC (Kharkiv) has changed its head and some members of the Supervisory Board (SB).
As the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the general meeting of the company on Wednesday terminated the powers of the head of the supervisory board Alexander Dorovskiy and member of the supervisory board Yegor Dorovskiy at his own request.
The meeting elected Vadim Demokhin, the company’s development director, as the head of the SB, and Valeria Burova, deputy director for quality and certification of “Health of the People” LLC, and Elena Shvinagir, director of “Research Plant GNCLS” LLC (Kharkiv), as members of the SB. According to the YouControl system, the co-owner of this LLC is Yegor Dorovskiy.
Established in 2001, Zdorovye pharmaceutical company produces more than 300 drugs of all pharmacotherapeutic groups. It is among the top 20 pharmaceutical companies in Ukraine, has certificates of compliance with GMP requirements of the European Union and Ukraine.
As reported, according to the results of 2021, the pharmaceutical company increased its net loss by 8.5% – up to UAH 39.559 mln.
According to Opendatabot, the owners of the pharmaceutical company Zdorovye are Pharmgruppe Zdorovye LLC and Research Plant GNCLS LLC. The ultimate beneficiary is Alexander Dorovsky (Poland).
Earlier, the media reported that the owner of the company is Alexander Shishkin, a member of the Defense and Security Committee of the Russian Federation Council.
In the run-up to the new school year, demand for school goods has increased 6-10 times compared to the summer of 2022, the press service of Ukraine’s largest online retailer Rozetka told the Interfax-Ukraine news agency.
“Last year, Ukrainian children often studied remotely or went to school where their families received temporary asylum. Now the situation has changed. Over the past six months, more than 7 million people have returned to Ukraine. Among them are children who will sit at their desks again in September. And if last year, compared to the pre-war time, the sales of school supplies decreased by more than half, then in 2023 these goods are returning to the top,” – said the marketing director of Rozetka Eugene Obrazok.
As of August 2023, the highest demand in this category is for clothing (in particular, embroideries), as well as school supplies.
Compared to 2022 on the site of online retailer in 7.5 times more often buy embroidered vyshyvanki for guys and five times more often – for girls. In addition, the demand for outerwear sets, T-shirts, tracksuits, sneakers for boys, as well as dresses, tracksuits and sneakers for girls increased.
Among school and office supplies Ukrainians actively buy diaries, briefcases and folders, colored paper and cardboard, covers for notebooks and textbooks, notebooks, drawing albums, pencil cases, colored pencils, etc.
Compared to last year, in 2023 the demand for diaries increased 11.7 times, for school bags and folders – eight times, for colored paper and cardboard – six times.
In 2023, the average cost of a school basket on Rozetka is 5945 UAH. The most expensive are school backpacks and satchels (average 1663 UAH), blackboards and flipcharts (1256 UAH), and first-grader’s kits (687 UAH). The cheapest are covers for notebooks and textbooks, drawing albums, colored paper and cardboard.
Online store of electronics and household appliances Rozetka was founded in 2005 in Kiev by Vladislav and Irina Chechetkina, later the co-owner of the company became a fund managed by Horizon Capital. The company has now transformed itself into a multi-category online marketplace, but is also developing a network of its own stores, which stood at 297 as of February 2023, up from 270 a year earlier. In December 2022, Rozetka’s traffic amounted to 40 million people per month.
The net profit of Nova Posta LLC for the first half of 2023 amounted to UAH 2 bln 402.5 mln, which is almost five times higher than in the first half of 2022 (UAH 483.9 mln), according to the updated rating of the company at the level of “uaAA” from the rating agency Standard-Rating.
According to its report, Novaya Posta’s revenue for January-June increased by 83.9% to UAH 16 billion 743.8 million.
It also points out that the company’s EBITDA profit in the first half of 2023 also grew strongly – more than 2.2 times, to UAH 2 billion 910.1 million.
“The analysis of the statements for the first half of 2023 indicates: a high level of coverage of liabilities by equity capital, a very high share in the structure of equity capital of retained earnings, an increase in business volumes, weighty financial results, as well as a high level of coverage of the company’s liabilities by its income,” the rating agency noted.
It specified that at the end of the first half of 2023, such improvement of indicators allowed to increase the ratio of EBITDA to long-term and current liabilities from 14.33% to 28.04%, and the same indicator for EBIT profit – from 5.21% to 17.72%.
According to the publication, Nova Posta’s equity capital for the first half of 2023 increased by 36.9% to UAH 8 billion 918.6 million, while liabilities – only by 12.4% to UAH 10 billion 379.4 million.
It is indicated that the growth of equity capital, as in previous periods, occurred due to the increase in the volume of retained earnings in its structure: for the first two quarters of 2023, it grew by 37.1% and as of July 1, 2023, its share in the equity capital of the company increased to 99.6%.
According to the information, Novaya Posta’s accounts receivable increased by 46.5% to UAH 3 billion 303.6 million in the first half of 2023, while accounts payable increased by 18.1% to UAH 8 billion 592.0 million, and free cash flow increased by 12.6% to UAH 758.2 million.
Overall, the company’s assets in the first half of this year increased by 22.5% to UAH 19 billion 298.0 million, while fixed assets increased by 10.5% to UAH 7 billion 561.7 million.
Founded in 2001, Novaya Posta has more than 10,000 outlets and 14,000 post offices in Ukraine. It provides a full range of logistics and related services.
Two issues of the company’s bonds series “C” and “D” are currently circulating on the market with a nominal volume of UAH 800 mln each and an interest rate of 24% and 23% per annum, respectively, maturing in January 2024 and 2025.
PJSC “VF Ukraine” (TM “Vodafone Ukraine”), the second largest mobile operator in Ukraine, in January-June 2023 increased net profit by 3.4 times compared to the same period last year – up to UAH 2.266 billion, the press service of the mobile operator reported.
According to the interim consolidated financial report of the company, its revenue increased by 4.9% to UAH 10.404 billion, and operating profit – by 45.1% to UAH 3.712 billion.
It is indicated that the company’s OIBDA increased by 3% year-on-year to UAH 5.934 bln. OIBDA margin slightly decreased by 1 p.p. to 57%.
The company clarified that the jump in net profit was due to a decrease in foreign exchange losses due to the fixation of the dollar to hryvnia exchange rate by the National Bank since July last year.
In addition, in the first half of 2023, Vodafone Ukraine’s losses from the war decreased by 8.2 times – to UAH 116 million.
Subscriber base in the second quarter of 2023 remained stable – 15.2 million customers. “Decrease by 8% compared to the second quarter of last year due to a decrease in the number of mobile users due to active hostilities, inaccessibility of mobile networks in temporarily occupied territories and in the war zone, mass migration”, – explained in the press release.
It is specified that more than 2 million subscribers of “Vodafone Ukraine” remain abroad and continue to use the services of the company. At the same time, revenue from roaming services decreased by 6.5% – to UAH 446 mln, while the total revenue from mobile services increased by 12.3% – to UAH 8.1 bln.
The company’s ARPU increased in the second quarter to 108.4 UAH per month from 104 UAH in the first quarter due to an increase in mobile Internet penetration and usage volumes.
“Vodafone Ukraine” increased capital investments by 75% – up to UAH 2.231 billion, directing them to the renewal of destroyed infrastructure, operational repairs of the network and preparation for work in conditions of possible power shortages in the winter period.
In particular, 9.5 thousand base stations of the company were equipped with new batteries of a new type, which are less sensitive to voltage fluctuations in the network and frequent power outages, as well as have 2.5-3 times higher charging speed.
To ensure emergency power supply, the company has additionally equipped 1.12 thousand nodal technical objects with backup power supply by means of stationary generator sets and prepared 522 mobile generators, a reserve of diesel fuel and gasoline has been created for their operation. It is indicated that the company’s specialists are testing new solutions at a number of facilities using alternative energy sources, in particular, solar power plants and microturbine generators.
The text of the financial report emphasizes that as of June 30, 2023, Vodafone Ukraine was in compliance with all debt covenants. At the same time, the company remains concerned about the moratorium on cross-border currency settlements, which may cause future difficulties with the redemption in February 2025 Eurobonds for $ 400 million. In this regard, the company’s management is considering several options in case the moratorium continues to operate: in particular, refinancing at the expense of financial institutions, negotiating changes in the terms of bonds with holders of Eurobonds, the introduction of additional measures to manage and control cash outflows to maximize the company’s ability to meet its debt covenants.
“Vodafone Ukraine” provides 3G and 4G high-speed internet and fixed-line services, mobile communications and develops the Internet of Things (IoT), technologies and solutions for Smart City, big data analytics, financial and technological services, cloud services. Since 2019, the company is part of NEQSOL Holding group of companies of businessman Nasib Hasanov.
NEQSOL Holding’s activities cover oil and gas, telecommunications, construction and other high-tech sectors in the UK, USA, Turkey, Azerbaijan, Kazakhstan, UAE, Bangladesh. The Group entered the telecommunications industry in the early 2000s.
Benchmark oil prices continue to rise on Wednesday afternoon amid concerns over Hurricane Idalia and the situation in Gabon.
The price of October futures for Brent on the London-based ICE Futures exchange at 14:29 Q2 is $86.02 per barrel, up $0.53 (0.62%) from the previous session’s close.
Quotes of futures for WTI crude oil for October at the electronic trading of the New York Mercantile Exchange (NYMEX) by the specified time increased by $0.56 (0.69%) and amounted to $81.72 per barrel.
Tropical Storm Idalia strengthened to a hurricane the day before, the National Hurricane Warning Service (National Hurricane Center, NRC) of the United States reported. On Wednesday, it was assigned category three on the Saffir-Simpson scale.
Meteorologists expect Idalia to further strengthen to an “extremely dangerous” category four storm. It is forecast to cause a dangerous rise in ocean levels and heavy downpours.
The Gulf of Mexico, where the hurricane is raging, accounts for about 15% and 5% of all U.S. oil and gas production, respectively, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
Market participants are also assessing signals about changes in energy stocks in the States and following the situation in Gabon, where a group of military officers announced the deposition of President Ali Bongo Ondimba, who has been in power for 14 years and was re-elected for a third term on Saturday.
According to the American Petroleum Institute (API), oil inventories in the States collapsed by 11.5 million barrels last week.
Official data from the U.S. Department of Energy will be released at 5:30 p.m. Wednesday. Analysts surveyed by S&P Global Commodity Insights forecast that the data will indicate a reduction in oil stocks by 5.2 million barrels, gasoline – by 600 thousand barrels, distillates – by 1.4 million barrels.
Meanwhile, analysts still see no signs of disruptions in oil production in Gabon, a member of OPEC, writes MarketWatch.
Stock indices of the countries of Western Europe are changing multidirectionally at trading on Wednesday, but the overall dynamics is rather negative due to weak statistical data from the euro zone.
The composite index of the largest European companies Stoxx Europe 600 as of 11:47 a.m. fell by 0.16% and amounted to 459.09 points.
British indicator FTSE 100 added 0.13%, Italian FTSE MIB – 0.26%. Meanwhile, Germany’s DAX lost 0.3%, France’s CAC 40 lost 0.25% and Spain’s IBEX 35 lost 0.23%.
The composite index of business and consumer confidence in the eurozone in August fell to 93.3 points from 94.5 points a month earlier. The index fell for the fourth consecutive month, and its value became the lowest since November 2020.
Meanwhile, inflation in Spain accelerated to 2.6% in August from 2.3% in July, preliminary official data showed. Excluding energy and food prices, consumer prices rose 6.1% in August after rising 6.2% in July.
Prices of goods imported into Germany collapsed 13.2% in July, the fastest pace since January 1987, due to falling energy costs, the country’s Federal Statistical Office (Destatis) said.
Producer prices in Austria fell 1.3% year-on-year in July, declining for the first time in two and a half years.
Shares of British insurer Prudential Plc. are rising 3.3% on data showing operating profit rose 6% in the first half of the year to $1.46 billion.
Meanwhile, ASR Nederland’s securities are getting cheaper by 0.5%. The Dutch insurance company posted an operating profit of €460 million in the first half of the year against a revised €454 million in the same period a year earlier.
Quotes securities Rio Tinto in London are up 0.7%, while the market value of Anglo American, Glencore and Antofagasta declines by 0.1-1%.
The price of securities of British banks Barclays, Standard Chartered and Lloyds increases by about 0.8%.
In Germany, the leader of growth are the shares of Commerzbank, rising in price by 1.3%, the leaders of the decline – the securities of RWE and Siemens Energy, falling in price by 3.4% and 2.6%, respectively.
At the auction in Milan actively growing quotations of securities Banca Monte dei Paschi di Siena (by 2.3%), in Paris – shares Capgemini (by 1.3%), and in Madrid falls in the price of shares Iberdrola (by 2.5%).
