TAS Dneprovagonmash LLC (DVM, Kamianske, Dnipro region), a major Ukrainian railcar manufacturing company controlled by businessman Sergiy Tigipko’s TAS Financial and Industrial Group, ended January-September 2024 with a non-consolidated net profit of UAH 53.86 million, up 5.4% compared to the same period in 2023.
According to the company’s interim reports published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its unconsolidated net income for the period increased by 76.4% to UAH 1 billion 278 million.
The company increased its gross profit by 41.3% to UAH 136.9 million, earning UAH 67.4 million in operating profit (up 26%).
As reported earlier, in the first half of this year, TAS Dneprovagonmash cut its unconsolidated net profit three times year-on-year to UAH 18.85 million, while net income increased by 37.8% to UAH 796.5 million.
Thus, in the third quarter of 2024, the company received UAH 35 million of unconsolidated net profit against a loss of UAH 6.8 million in July-September 2023, while net income increased 3.3 times to UAH 481.46 million.
According to the report, in the third quarter, TAS Dneprovagonmash produced 139 freight cars (177 units in the first quarter and 140 units in the second quarter), accounting for 25.2% of the total Ukrainian production (23% in the second quarter), with an average selling price of UAH 2.584 million (UAH 2.215 million in the second quarter).
No products were exported in the third quarter.
As reported, in 2023, TAS Dneprovagonmash produced 378 freight cars (including for the EU market), which is 34.8% less than in 2022, while sales decreased by 40.6% to 370 units. Non-consolidated revenue decreased by 2.8% to UAH 1 billion 77 million, while net profit increased slightly to UAH 49.2 million.
TAS Group was founded in 1998 by businessman Sergey Tigipko. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
Internal and external debt of Ukraine in 2010-2024
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On Sunday, the weather in most of Ukraine will be without precipitation, only in the northeastern part of the country there will be light wet snow at night, the Ukrainian Weather Center reports.
Northwest wind, 7-12 m / s, at night on the Left Bank in some places gusts of 15-20 m / s.
Temperature at night from 3° Celsius to 2° Celsius, during the day 3-8° Celsius, in the south up to 10°.
No precipitation in Kyiv on November 3. Northwest wind, 7-12 m/s.
The temperature at night will be 1-3° Celsius, during the day 5-7° Celsius.
According to the Borys Sreznevsky Central Geophysical Observatory, on November 3, the highest daytime temperature in Kyiv was 16.6° in 1984, 1999, and the lowest nighttime temperature was -12.7° in 1979.
On Monday, November 4, at night in the northern, central, eastern regions of Ukraine, during the day on the Left Bank of the country there will be light rain and sleet, in the rest of the country without significant precipitation.
The wind is mostly northwest, 7-12 m/s, gusts of 15-20 m/s.
Temperatures at night will be from 3° C to 2° C; during the day 3-8° C, in the southern part up to 10°, in the eastern and northeastern regions 0-5° C.
In Kyiv, on November 4, there will be light rain and sleet at night, no significant precipitation during the day. Northwest wind, 7-12 m/s, gusts of 15-18 m/s.
The temperature at night will be 1-3° Celsius, during the day 5-7° Celsius.
Aviation company FED JSC (Kharkiv) completed July-September 2024 with a net profit of UAH 85.76 million, which is 3.7 times more than in the third quarter of 2023, with net income growing by 29.4% to UAH 300.27 million.
This result follows from the company’s interim financial statements for January-September, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), according to which net profit almost halved to UAH 140.32 million and net income decreased by 35.2% to UAH 586.67 million during this period.
For its part, as reported, in the first half of the year, FED reduced its net profit by 4.6 times compared to the same period in 2023 – to UAH 54.56 million, while net income fell by 2.4 times – to UAH 286.41 million.
Thus, the company managed to significantly improve its financial performance in the third quarter.
“Currently, the main significant problems of the Company are military aggression against Ukraine, low solvency of customers and financial and economic instability in the country. All other problems are solved through a “dialogue” with the relevant government agencies in the form prescribed by law,” the report says.
The plant also emphasizes that damage to infrastructure or blockage of transportation routes may lead to further delays in production and logistics, which will negatively affect its operating performance.
“In the context of the economic crisis, the credit burden is growing, which may affect FED’s ability to finance current expenses and make investments,” the document says.
The company also considers uncertainty in foreign markets to be a significant risk factor.
“FED is one of the leading enterprises in Ukraine, specializing in the development, production, maintenance and repair of aviation, space and general engineering units.
According to the report, as of October 1, 2024, the company employs more than 1030 people.
As reported, in 2023, FED increased its net profit by 2.2 times compared to 2022, to UAH 318.33 million. Net income almost doubled to UAH 1 billion 127 million.
In January-September 2024, Nova Poshta, the leader in express delivery in Ukraine, reduced its net profit by 1.9 times compared to the same period in 2023, to UAH 1.65 billion.
According to the company’s interim financial statements for January-September, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), net income increased by 16.4% to UAH 30.81 billion.
At the same time, the company’s gross profit increased by 6.4% to UAH 5.86 billion, while operating profit decreased by 10.5% to UAH 2.44 billion.
In the first nine months of 2024, the number of delivered parcels and cargoes amounted to 336 million, which is 16% more than in the same period in 2023.
“In January-September, Nova Poshta opened 5,518 new branches and post offices. The network grew all over Ukraine, including in the frontline areas, where 126 new branches and post offices were opened.
During this period, the company paid UAH 6.7 billion in taxes in Ukraine, which is 4% more than in the corresponding period of 2023.
Since the beginning of the year, Nova Poshta has invested UAH 4.1 billion in its development in Ukraine, which is 1.7 times more than in the same period last year (UAH 2.4 billion).
As part of the Humanitarian Mail of Ukraine program, the company makes shipments for the military from charitable foundations and volunteers at its own expense. In the first nine months of this year, the company delivered 1.2 million parcels. Since the beginning of the full-scale invasion, it has delivered almost 2.5 million.
“Nova Poshta provides a range of logistics services, delivering both small parcels and large cargo. The company provides express delivery of documents, parcels and bulky goods; postal and courier services to businesses, organizations and individuals; loading and unloading services, warehousing and storage; and transport activities – Nova Poshta provides delivery to each client – to the branch, post office, or address. The company also provides logistics and distribution services.
“Nova Poshta has about 12,000 offices across Ukraine and more than 20,000 post offices. The average number of employees is 35 thousand.
Forecast of changes in discount rate of National bank of Ukraine, %
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