A large manufacturer of capping and packaging materials JSC Tekhnologiya (Sumy) in January-September received a net profit of UAH 214.18 million, which is 33.5% less than in the same period of 2021.
According to the company’s non-consolidated financial statements, published on Friday in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income fell by 5% to UAH 1 billion 457 million.
At the same time, the gross profit of Technologiya JSC increased by 22.6% – up to UAH 443.4 million, and UAH 297 million of profit was received from operating activities – 41% more.
According to reports, the company’s expenses under the item “other operating expenses” increased 3.6 times – up to UAH 136.79 million.
According to the company’s statements, in the first half of this year, it reduced its net profit by 6.7 times compared to the same period in 2021, to UAH 16.68 million, while net income decreased by 12.5%, to UAH 824 million.
Thus, in the third quarter of this year, Tekhnologiya’s net profit decreased by 6.5% to UAH 197.5 million, while net income increased by 7% to UAH 632.5 million.
Founded in 1990, Tekhnologiya produces capping and packaging materials, including decorative casings and caps for champagne decoration, label products, packaging for pharmaceuticals, combined material, and polyethylene film. The export geography included more than 60 countries.
The beneficiaries of the company are Vladimir Zayets (70%) and Pole Krzysztof Gzhondzel (30%).
Technologia Group’s global offices are located in the UK (TEO UK Packaging Limited), Poland (MUZEL LTD), Italy (TEO ITALY SRL).
Universalna Insurance Company (Kyiv) collected UAH 945.9 million in gross insurance premiums in January-September 2022, which is 6.7% more than in the same period last year, according to the website of the rating agency “Standard Rating”.
At the same time, it is indicated that the agency confirmed the credit rating / financial stability (reliability) rating of IC “Universalna” at the level of “uaAAA” on the national scale based on the analysis of work for the specified reporting period.
According to the published data, income from individuals increased by 19.97% to UAH 415.740 million over six months, and from reinsurers, on the contrary, decreased by 51.83% to UAH 0.946 million. Despite the increase in premiums from individuals, according to the results of the first nine months of 2022, legal entities dominate the company’s client portfolio. At the same time, according to the results of activities during the first three quarters of 2022, the largest share of premiums (more than 36%) came from voluntary land transport insurance (CASCO).
Insurance payments sent to reinsurers for the nine months of 2022 compared to the same period in 2021 decreased by 6.67% to UAH 148.722 million. Thus, the coefficient of participation of reinsurers in insurance premiums decreased by 2.25 percentage points. up to 15.72%.
In the analyzed period, the insurer’s net premiums increased by 9.63% to UAH 797.206 million, while earned premiums showed an increase of 13.90% to UAH 817.514 million.
The volume of insurance payments made by IC Universalna for the first three quarters of 2022 decreased by 11.26% to UAH 240.593 million compared to the same period in 2021. Thus, the level of payments decreased by 5.15 p.p. up to 25.43%.
In the first nine months of 2022, the financial result from operating activities amounted to UAH 178.169 million, which is 5.14 times higher than in the nine months of 2021, while the insurer’s net profit increased 5.2 times to UAH 147.472 million.
As of October 1, 2022, the company’s assets increased by 27.83% to UAH 1.693 billion, equity increased by 36.95% to UAH 546.622 million, liabilities increased by 23.90% to UAH 1.146 million, cash and cash equivalents increased by 2.79 times to UAH 263.789 mln.
The RA also notes that as of the reporting date, the company formed a portfolio of bank deposits in the amount of UAH 429.048 million, and the insurer invested UAH 141.485 million in government bonds. As of the beginning of the fourth quarter of 2022, cash and cash equivalents covered 23.01% of the company’s liabilities, liquid assets (cash, bank deposits and government bonds) covered 72.79% of the insurer’s liabilities, and the company’s capital coverage ratio of liabilities was 47 .69%.
IC “Universalnaya” has an international composition of shareholders, in particular, the European Bank for Reconstruction and Development (owns 30% of shares) and Fairfax Financial Holdings Limited (owns 70% of shares). Fairfax Financial Holdings Limited (Canada) is a holding company that, through its subsidiaries, is primarily engaged in casualty insurance, property insurance and investment management. As of the beginning of the third quarter of 2022, the holding’s consolidated assets amounted to $88.460 billion, and Fairfax’s consolidated gross business (premiums) for the first six months of 2022 amounted to $13.971 billion.
The leading Ukrainian enterprise for the production of hydraulic power machines JSC Hydrosila (Kropyvnytskyi) reduced the daily volume of electricity consumption by 50% compared to the figures before the full-scale invasion of the Russian Federation into Ukraine and by 30% compared to the beginning of the invasion – to 45-47 thousand kW -h, said the Federation of Employers of Ukraine (FUE).
“By the beginning of the full-scale invasion, the daily volume of electricity consumption at the Hydrosila plant was 95-100 thousand kWh, since the beginning of the invasion this figure had dropped to 65-68 thousand kWh. With the introduction of restrictions, the question arose of further reducing consumption . Today (…) it is 45-47 thousand kWh,” the FRU said on Facebook on Friday, citing company information.
According to the report, as part of the reduction in energy consumption, the company, in particular, switched to increased work in the second and third shifts (ie, actually at night) to reduce the load during “peak hours” and reduce financial costs.
In addition, a number of technical processes have been revised, which also allowed to “win” a share of the electricity costs.
The company noted that during air raids, all employees are in shelter.
Hydrosila JSC is a developer and manufacturer of hydraulic power machines and hydraulic system components, part of the Hydrosila Group of businessman Pavel Shtutman.
According to the company’s report to the National Securities and Stock Market Commission, in 2021 it increased its net profit by 58.4% by 2020 – up to UAH 13.45 million, with a 27.6% increase in net income – up to UAH 654.24 million.
Providna Insurance Company (Kyiv) collected UAH 734.7 million in gross premiums in January-September 2022, which is 23.3% less than the volume for the same period a year earlier, according to the information of the company posted in the information the basis of the National Commission for Securities and the Stock Market (NKTSBFR).
At the same time, it is noted that during the reporting period, the company collected UAH 734.7 million in net premiums (-9.9%). At the same time, premiums transferred to reinsurance increased by 33.8% to UAH 5.309 million
For 9 months In 2022, the company paid UAH 371,167 million, which is 14% less than in the same period a year earlier.
Gross profit increased by 12.5%, to UAH 290.443 million, administrative expenses by 2.4%, to UAH 43.673 million, financial result from operating activities increased by 87%, to UAH 144.946 million, net profit increased by 75.5%, to UAH 130.503 million
The key shareholder of PrJSC IC Providna is IIC Ukraine BV (Netherlands), which owns 99.999692% of the shares of the insurer, and the ultimate beneficial owner is Willem Jakob Westerlaken.
At a meeting on Friday, the government allocated UAH 320.9 million to provide grants for the creation or development of processing enterprises and for laying orchards as part of the eWork project, the Ministry of Economy reported on Friday.
The agency clarified that UAH 306.5 million of the allocated funds will be directed to the development of processing: 47 applicants will receive grants – 40 legal entities, 5 sole proprietors and two individuals who intend to carry out entrepreneurial activities in the electrical equipment and non-metal mineral products industries.
UAH 14.5 million were allocated for grants for the development of horticulture. They will be received by three farms that plan to plant 40 hectares of land with orchards, raspberries, pigeons and blueberries.
As First Deputy Prime Minister – Minister of Economy Yulia Sviridenko noted, entrepreneurs who receive the allocated funds will be able to create more than 900 permanent and seasonal jobs when implementing their business projects.
“In general, we have already transferred more than UAH 220 million to grant recipients in various areas of eWork,” Sviridenko said.
Dneprovagonmash JSC (DVM, Kamianske, Dnipropetrovsk region), a large railcar building company in Ukraine, controlled by the TAS financial and industrial group of businessman Serhiy Tigipko, completed January-September with a net profit of UAH 6.15 million, while in the first nine months of 2021 the loss was UAH 97.7 million.
According to the interim reporting of the company (non-consolidated), published on Friday in the information disclosure system of the National Commission for Securities and Stock Market (NCSMFR), its net income increased by 2.2 times – up to UAH 849.86 million.
The plant received UAH 81.6 million in gross profit (against a loss of UAH 28 million a year earlier), and operating profit amounted to UAH 11.75 million (a loss of UAH 101.4 million).
As reported, DVM in the first half of this year increased its net income by 2.3 times compared to the same period last year – up to UAH 493 million, and reduced the loss by 67%, to UAH 25 million.
Thus, in the third quarter of 2022, it more than doubled its net income to UAH 357 million and received UAH 31.14 million of net profit against a loss of UAH 22 million in July-September 2021.
The report says that in the first nine months of this year, DVM produced 468 railcars, mainly gondola railcars and flatcars for large-tonnage containers.
“Dneprovagonmash” is one of the leading Ukrainian enterprises in the design and manufacture of freight cars.
As reported, in January-September 2021, against the backdrop of a crisis situation in the railcar building of Ukraine, the plant received a net loss of UAH 97.7 million, with a decrease in net income by 38.7% to UAH 384.4 million.
In total, last year DVM reduced the production of freight cars by 39.2% – to 477 units, sales – by 44% to 461 units. In total, 1.9 thousand wagons were produced in Ukraine.
