Based on the results of work in the first half of 2022, IMC Agricultural Holding received $11.34 million in net profit, which is 6.8 times less than in the same period last year, according to the company’s report on the Warsaw Stock Exchange on Thursday.
According to him, the loss from exchange rate differences for the agrarian group in the first half of this year amounted to $2.55 million, while in January-June last year it received $2.11 million from changes in the exchange rate.
At the same time, the company’s EBITDA fell 3.2 times, to $28.98 million, with a 47% reduction in revenue, to $44.53 million. , up to $18 million.
According to the report, the total volume of IMC assets as of June 30, 2022 decreased by 9.1% compared to December 31, 2021 – to $214, short-term debt increased by 5.9%, to $66.8 million, while long-term debt increased by 2.8%, to $155.2 million.
The report also clarifies that 97.5% of all sales in the first half of this year came from corn, compared with 98.2% in the first half of last year, and the price of its sale rose marginally to $208 per ton from $205 per ton last year. year
In total, during the specified period, IMC sold 213 thousand tons of crops for a total of $43.83 million, including 208.8 thousand tons of corn for $43.35 thousand tons of corn (-48% compared to the first half of 2021 ), 645 tons of wheat for $201 thousand (an increase of 2 times), and 93 tons of sunflower for $40 thousand (-66%). In addition, the proceeds from the sale of milk and cattle meat brought the agricultural holding a total of $572,000.
The agricultural holding indicated that until August the Black Sea ports in Ukraine remained blocked for export activities. Although the IMC has developed alternative logistics chains for exporting grain through the seaports of other neighboring countries, such logistics are very complex, have numerous bottlenecks and are associated with high capital costs to create an efficient logistics infrastructure on new export routes, which explains the low volumes of grain exports since 24 February.
At the same time, the IMC noted that none of its critically important facilities received significant damage as a result of the war, all inventories are in good condition and in safe custody, and today all the group’s assets are located in de-occupied territories.
In addition, the IMC declares that there is no shortage of labor and the preservation of its personnel, including key and top managers, although 86 employees defend Ukraine in the ranks of the Armed Forces of Ukraine.
The agricultural holding specified that this year 73% of the company’s land bank was sown: 19.2 thousand hectares of sunflower, 50.2 thousand hectares of corn and 18.4 thousand hectares of winter wheat. Land in the Chernihiv region, where active hostilities were fought, is scheduled to return to production this fall.
As of August 21, IMC completed harvesting winter wheat, harvesting from 18.3 thousand hectares with an average yield of 6.7 t/ha, which is a record result for all the years of the company’s economic activity, and 18% higher than in 2021 year.
IMC specializes in the cultivation of cereals, oilseeds and milk production in Ukraine. It processes about 123.3 thousand hectares of land in the Poltava, Chernihiv and Sumy regions. It owns storage facilities for 554 thousand tons of grain and oilseeds.
At the end of 2021, IMC increased its net profit by 2.5 times compared to 2020 – up to $78.71 million, EBITDA – by 53%, up to $110.35 million, revenue – by 12.6%, up to $181.69 million
In 2021, IMC sold 536.10 thousand tons of corn (-12.2% compared to 2020), wheat – 117.97 thousand tons (-0.1%), sunflower – 85.82 thousand tons ( -1.2%).
The possibility of relocation until the end of 2022 is still considered by 37% of IT companies, these are the results of a study conducted by the IT Ukraine association together with the law firm Sayenko Kharenko “Relocation. New IT landscape of Ukraine”.
According to them, 23% of companies plan to combine relocation abroad and within Ukraine, and 14% of respondents are considering partial or full relocation abroad.
It is indicated that the relocation is largely considered by IT companies as a forced step for the period of the war, or at least its active phase.
The study notes that 55% of the IT companies surveyed have not yet relocated: 25% have switched to remote work, and 30% work remotely and partly in the office.
Among IT companies that carried out relocation, relocation within Ukraine prevails (45%). 42% of companies partially relocated abroad, of which only 5% of companies closed part of their offices in Ukraine.
At the same time, none of the surveyed IT companies has carried out a complete relocation abroad.
In addition, none of the surveyed IT companies intends to completely shut down their business in Ukraine.
According to IT Ukraine, the study was conducted among the members of the association, which currently number more than 120 companies.
The number of confirmed cases of coronavirus infection in the world as of Thursday morning reached 598 million 527 thousand 703, according to data from the American Johns Hopkins University.
Since the beginning of the spread of the virus in the world, 6 million 461 thousand 600 people have died from the consequences of infection with COVID-19.
Countries with more than 20 million infections include the US, India, Brazil, France, Germany, the UK, Italy and South Korea.
The number of infected and those who died from the consequences of infection, respectively, amounted to:
USA – 93 million 903 thousand 884 and 1 million 42 thousand 398.
India – 44 million 378 thousand 920 and 527 thousand 488.
Brazil – 34 million 329 thousand 600 and 683 thousand 76.
France 34 million 624 thousand 825 and 154 thousand 802.
Germany – 31 million 921 thousand 578 and 146 thousand 797.
Great Britain – 23 million 708 thousand 466 and 188 thousand 475.
Italy – 21 million 721 thousand 630 and 175 thousand 43.
South Korea – 22 million 701 thousand 921 and 26 thousand 332.
According to the portal Worldometers, which specializes in statistics on major world events, the death rate per 1 million people on the planet as of Thursday morning was 831.4. In India, 374 people died per 1 million inhabitants, Brazil – 3 thousand 166, France – 2 thousand 345, Germany – 1 thousand 742, Great Britain – 2 thousand 735, Italy – 2 thousand 904, South Korea – 513. No data available for the USA.
During the pandemic, 12 billion 84 million 421 thousand 164 injections of vaccines against COVID-19 were made in the world.
All six power units of the Russian-occupied Zaporozhye nuclear power plant remain offline despite the restoration of the ZNPP 750 kV overhead transmission line – Dneprovskaya.
“All six units remain disconnected from the grid after the resumption of the power line,” the IAEA said in a statement on Ukraine on Thursday evening.
The agency also noted that at the time of publication there is no information on the direct cause of the power outage, and in the event of a loss of external power, ZNPP, like other nuclear power plants around the world, still has diesel generators available to provide backup power.
“Almost every day, a new incident occurs at or near the ZNPP. We cannot afford to waste any more time. I am determined to personally lead the IAEA mission to the plant in the coming days to help stabilize the situation with nuclear safety and security,” he said in connection with with this, IAEA Director General Rafael Grossi, whose words are quoted in the message.
On his Twitter, Grossi, after meeting with French President Emmanuel Macron in Paris, also noted that France is fully mobilized to support the efforts of the IAEA to send an emergency mission of experts to the Zaporozhye NPP.
In addition, the British Ministry of Defense on its Twitter on Thursday reported that Russia had installed armored personnel carriers within 60 meters of the fifth ZNPP reactor.
“Probably, Russian troops tried to hide the vehicles by parking them under overhead pipes,” the Defense Ministry suggested, adding that, apparently, Russia was ready to use any Ukrainian military activity near the ZNPP for propaganda purposes.
“As long as Russia continues its military occupation of the ZNPP, the main risks to the operation of the reactor are likely to remain failures in the operation of the reactor cooling systems, damage to the backup power supply, or errors by pressure personnel,” the ministry said.
As reported, on August 25, ZNPP was completely disconnected from the grid for the first time in its history due to the shutdown of the last (fourth) ZNPP communication line with the Ukrainian energy system – 750 kV overhead line ZNPP – “Dneprovskaya”.
According to the NAEK Energoatom, the overhead lines were switched off due to fires at the ash dumps of the Zaporizhzhya TPP, located next to the Zaporizhzhya NPP, as a result of shelling by the Russian military.
The shutdown of the overhead line led to the operation of the protection of two operating ZNPP power units – Nos. 5-6.
Three other communication lines were damaged earlier during shelling by the Russian military.
“The NPP’s own needs for power supply are provided from the energy system of Ukraine through the communication line of ZNPP – Zaporizhzhya TPP. There are no comments on the operation of automation and security systems yet,” the NAEC explained.
After the station was seized by the Russian military on March 4, it switched to work in two blocks out of six, then for two weeks it worked with three, and recently again with two.
The head of the IAEA, Grossi, suggested on August 25 that the mission to the ZNPP is a matter of a few days.
In January-July 2022, Ukraine reduced the import of hard coal and anthracite (HS code 2701) by 2.7 times (by 7 million 367.3 thousand tons) compared to the same period in 2021 – to 4 million 308, 5 thousand tons.
According to the State Customs Service, coal was imported for $1 billion 27.466 million, which is 11.5% less than in January-July 2021 ($1 billion 160.575 million).
Coal came from the Russian Federation for $420.589 million (share in imports 40.92%), the USA – for $277.972 million (27.05%), Australia – for $100.235 million (9.76%), other countries – for $228.67 million ( 22.26%).
Export of coal by Ukraine for seven months of 2022 amounted to 450.6 thousand tons for $145.917 million, incl. to Slovakia – by $93.349 million, Poland – by $34.084 million, Hungary – by $15.919 million, other countries – by $2.565 million. In January-July 2021, exports amounted to 0.2 thousand tons for $0.025 million.
As reported, Ukraine in 2021 increased the import of hard coal and anthracite by 15.4% (by 2 million 612.018 thousand tons) compared to 2020 – up to 19 million 563.048 thousand tons.
Coal was imported for $2 billion 488.696 million, which is 47.2% more than in 2020 ($1 billion 690.541 million). Coal came from the Russian Federation for $1 billion 545.208 million, the USA for $494.636 million, Kazakhstan for $253.469 million, and other countries for $195.383 million.
In January-July 2022, Ukraine increased its revenue from electricity exports by 1.5 times (by $70.026 million) compared to the same period in 2021, to $205.638 million, according to the State Customs Service.
According to the Interfax-Ukraine agency, over seven months electricity was supplied to Poland for $65.056 million, Slovakia – for $48.968 million, Hungary – for $40.408 million, other countries – for $51.206 million.
In July this year, electricity export revenue amounted to $35.64 million compared to $27.373 million in June 2021.
In addition, in January-July 2022, Ukraine imported electricity for $107.931 million against $59.058 million for the same period last year. Including from Belarus – by $100.414 million (in January-February), Belgium – by $4.778 million, Moldova – by $1.041 million, other countries – by $1.698 million.
Last month, Ukraine imported electricity for $5.816 million compared to $0.461 million in July 2021.
As reported, Ukraine in 2021 reduced its revenue from electricity exports by 8.5% (by $23.89 million) compared to 2020, to $256.941 million. In addition, Ukraine imported electricity by $87.345 million in 2021 against $131.605 million for 2020th.
Ukraine in 2021 reduced the export of electricity by 26.5% (by 1 billion 258.7 million kWh) compared to 2020 – to 3 billion 495.4 million kWh, import – by 25.9% (by 591.3 million kWh), up to 1 billion 693.6 million kWh.
