PJSC Interpipe Novomoskovsky Pipe Plant (Interpipe NMTZ, Dnipropetrovsk region) increased its net profit by 2.2 times in 2021 compared to the previous year, to UAH 175.722 million.
According to the company’s annual report published on Monday, Interpipe NMPP increased its net income by 43.6% in 2021, to UAH 3 billion 871.695 million.
Retained earnings at the end of 2021 amounted to UAH 514.575 million.
As reported, Interpipe NMPP increased its net income by 25.1% in 2020 to UAH 3 billion 63.202 million, received a consolidated net profit of UAH 80.919 million, while it ended 2019 with a net loss of UAH 43.743 million.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe.
The structure of the company includes five industrial assets: Interpipe Nizhnedneprovsk Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Plant (NMTZ), Interpipe Niko-Tube, Dnepropetrovsk Vtormet and the Dneprostal electric steel-smelting complex under the Interpipe Steel brand .
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and members of his family.
“Interpipe NMTZ” specializes in the production of welded pipes for the oil and gas industry, mechanical engineering, construction and other industries.
According to NDU data for the second quarter of 2021, Interpipe Limited (Cyprus) owns 89.8681% of the shares of the plant, while Lindsell Enterprises Limited (Cyprus) owns 6.2918%.
The authorized capital of PJSC Interpipe NMPP is UAH 50 million, the par value of a share is UAH 0.25.
The Western European stock market rises during trading on Monday.
The composite index of the largest companies in the Stoxx Europe 600 region increased by 0.27% by 11:32 a.m. and amounted to 392.35 points.
The British stock index FTSE 100 by this time increased by 0.33%, the German DAX – by 0.16%, the French CAC 40 – by 0.09%. The Italian FTSE MIB and the Spanish IBEX 35 added 0.15% and 0.95% respectively.
Market participants, among other things, are waiting for statements from the new British Chancellor of the Exchequer, Jeremy Hunt, who is due to address the House of Commons on Monday.
Meanwhile, three members of the British Parliament from the Conservative Party, as well as some leading businessmen, called on British Prime Minister Liz Truss to resign after a series of controversial economic decisions, reports The Financial Times.
Among the decisions that provoked criticism even from party members of Truss, the publication names, among other things, the appointment of Hunt as head of the Ministry of Finance. During the year, four finance ministers were replaced in the UK. His predecessor as finance minister, Kwazi Kwarteng, announced his decision to step down 38 days after his appointment.
In addition, concerns about the state of the global economy against the backdrop of the situation in Ukraine and rising interest rates in the world remain in the spotlight.
Estimates of the likelihood of a recession in the US economy have risen sharply against the backdrop of high inflation and rising interest rates in the US, according to a regular survey by The Wall Street Journal.
Respondents estimated the probability of a recession in the US in the next 12 months at 63% against 49% in July. The indicator exceeded 50% for the first time since July 2020.
MorphoSys AG, a pharmaceutical company, led the way in the Stoxx Europe 600 index components, climbing 8.6%.
The drop leaders were financial services provider Hargreaves Lansdown PLC, which dropped 6%.
Shares of Nokia Corp. grow by 1.6%. The Finnish telecommunications equipment manufacturer has announced that it has been selected by telecom operator Reliance Jio India as one of the largest equipment providers to support 5G networks.
Papers of Credit Suisse Group AG added 0.7%. A Swiss bank has agreed to pay $495 million to settle claims by the US state of New Jersey in connection with transactions relating to its mortgage-backed securities business.
Structure of Ukraine’s GDP in 2021 (production method, graphically)
SSC of Ukraine , graphics of the Club of Experts
The Expert Club YouTube channel has released a new video dedicated to the announcement of the events that will take place in Ukraine and the world from October 17 to October 23, 2022. In the new issue, the founder of the Club of Experts Maksim Urakin and co-host Olga Levkun analyzed the main events planned for the coming days.
One of the main events in Ukraine this week will be the start of the IMF mission, the main goal of which will be the development of a new program of cooperation between the fund and Ukraine. Also this week, a number of events are expected to be dedicated to the restoration and development of the Ukrainian economy, the agro-industrial complex, science, education and other topics.
Among world events, a number of conferences in the field of economics can also be distinguished. The European Union will host high-level meetings, in particular of foreign ministers and leaders of countries, dedicated to the situation in Ukraine, energy issues and relations with China. Also next week, the start of the election campaign in Kazakhstan is expected.
The main event in the world of sports in the next 7 days will be the next stage of Formula 1. Read more about future sporting events on the Sport.ua portal. The full version of the video can be viewed at the following link:
You can subscribe to the Expert Club channel here: – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ
ANNOUNCEMENTS, EVENTS, EXPERT_CLUB, URAKIN, ЛЕВКУН, МАКСИМ_УРАКИН
The stock indices of the largest countries in the Asia-Pacific region (APR) do not show a single dynamics on Monday morning, market participants monitor the situation in the global economy and evaluate the statements of Chinese officials during the 20th Congress of the Chinese Communist Party (CCP).
The Chinese economy showed signs of “significant improvement” in the third quarter, Zhao Zhenxin, deputy head of the National Development and Reform Commission, said on the sidelines of the convention.
In March, April and July, the Chinese economy was negatively affected by factors that could not be foreseen, including external events, coronavirus outbreaks and extreme weather events, MarketWatch quoted a MarketWatch official as saying. At the same time, overall business activity, from industrial production and investment to consumer spending, continues to grow, he added.
On Monday, it also became known that the People’s Bank of China injected 500 billion yuan ($69.6 billion) into the financial system under the medium-term lending program (MLF). At the same time, the rate on loans for a period of one year, issued under the MLF, was maintained at the level of 2.75% per annum, the NBK said.
Meanwhile, Indonesia’s trade surplus in September fell to $4.99 billion from $5.76 billion in August and was lower than analysts’ expectations of $5.30 billion.
Exports decreased by 11% in monthly terms and increased by 20.3% in annual terms, amounting to $24.80 billion. The decline is explained by falling prices for raw materials, including nickel and palm oil. Meanwhile, the volume of imports decreased by 10.6% compared to August and amounted to $19.81 billion.
Hong Kong’s Hang Seng index is down 0.4% by 8:26 a.m., renewing a minimum in 11 years. China’s Shanghai Composite, meanwhile, rose 0.2%.
Tianqi Lithium fell 4.4%, Contemporary Amperex 2.8% and Longi Green Energy 2%.
Shares of Alibaba (SPB: BABA) are down 2% in Hong Kong trading, while automaker Li Auto (SPB: LI) is down 2.5%.
The value of the Japanese Nikkei 225 index fell by 1.2%.
The decline leaders among the components of the index are shares of technology companies SoftBank Group (-1.8%), Tokyo Electron (-1.5%), Shift Inc. (-9%), M3 Inc. (-4.3%) and Recruit Holdings (-3%).
Fast Retailing fell 1.5%, Toyota Motor – 0.7%, Sumitomo Mitsui – 1.3%, Sony Group – 1.1%.
South Korean index Kospi rose by 0.3%.
The market value of one of the world’s largest chip manufacturers Samsung Electronics Co. increased by 1.1%, automaker Hyundai Motor – by 0.3%.
The Australian S&P/ASX 200 fell 1.4%.
The leader of the decline is the mining and energy sectors. Capitalization of BHP Group decreased by 2.7%, Fortescue Metals – by 2.9%, Rio Tinto – by 2.8%, Woodside Energy – by 2.6%, Santos Ltd – by 2.7%.
Five more ships with a total cargo of 122.3 thousand tons of agricultural products left the ports of Velikaya Odessa for the countries of Africa, Asia and Europe on Monday.
As noted in a message on the telegram channel of the Ministry of Infrastructure of Ukraine, among these vessels are the NEW LIBERTY bulk carrier, which will deliver 25 thousand tons of wheat to Kenya, as well as the CHOLA TREASURE bulk carrier, which will deliver 61.8 thousand tons of rapeseed to Pakistan.
Since the beginning of the implementation of the Grain Initiative, 350 ships with 7.8 million tons of agricultural products have left the ports of Big Odessa for the countries of Asia, Europe and Africa.
As reported, the parties participating in the “Grain Initiative” – the UN, Turkey and Ukraine – expressed their readiness to continue its operation and assured that maximum efforts would be made for its successful implementation, Minister of Infrastructure of Ukraine Oleksandr Kubrakov said following a meeting on Sunday at the Joint Coordination Center in Istanbul with Turkish Defense Minister Hulusi Akar.
