PJSC Krukiv Wagon Works (KVSZ, Poltava oblast) finished 2022 with a net profit of UAH 37.25 mln, while in 2021 it posted a net loss of almost UAH 230 mln.
According to the company’s information for the April 11 general meeting of shareholders, published in the information disclosure system of the National Commission on Securities and Stock Market (NSCM), by January 1, 2023 the uncovered loss of KVSZ was 108.9 million UAH – a third less than a year earlier.
“At the end of the company for 2022, the profit is 37.353 million UAH. Taking into account income from revaluation of actuarial liabilities, according to calculation of an independent actuary in the amount of UAH 16.77 million, to approve total profit in the amount of UAH 53.53 million”, – is said in the draft decision of the meeting on the approval and distribution of profits.
According to the document, the profit of UAH 53.53 mln is planned to be used for repayment of losses of previous years.
According to the information of the enterprise, its current liabilities at the beginning of 2023 were UAH 1 billion 022.5 million – 29.7% less, long-term liabilities decreased slightly, amounting to UAH 216.94 million.
The assets of PJSC “KVSZ” amounted to 4 bln 476 mln UAH (7.2% less), including the total accounts receivable almost twice – to 1 bln 938 mln UAH, and the money and equivalents decreased 2.7 times to 559.27 mln UAH.
The equity capital of PJSC by the beginning of this year amounted to UAH 3 bln 2366 mln, including authorized capital – UAH 86.01 mln.
According to the NCCFM, as of the 4th quarter of 2022, Estonian AS Skinest Finants and Osauhing Delantina own 25% each, and Transbuilding Services Limited, registered in England, owns 20% each.
At the same time, as reported, 25% of PAO’s shares (worth over 21.5 million hryvnias) owned by Austrian OW Capital Management GmbH, which is under the control of Stanislav Gamzalov, head of the board of directors of the Russian railcar manufacturer Metalware Plant, were transferred to ARMA by a court decision of July 13, 2022.
In January of this year, the head of Ukrzaliznytsia, Oleksandr Kamyshyn, announced that UZ intended to participate in the ARMA tender for the selection of a manager of the seized stake in KVSZ.
Volodymyr Prikhodko, its president, names KVSZ as the main owner.
KVSZ, Ukraine’s largest railcar building company, produces passenger and freight cars, regional diesel trains, high-speed interregional trains of locomotive traction, and spare parts and bogies for freight cars.
By March of this year KVSZ had completed the delivery of 100 passenger cars to UZ for more than 3 billion UAH. The company did not disclose the number of freight cars produced in 2022.
In 2021, its net income decreased by 23.2% YoY to 2 bln 561 mln hryvnia, and its loss was 230 mln hryvnia against a net profit of 71.8 mln hryvnia.
Meta is exploring the possibility of creating a new social network in which information can be shared, CNN reported, citing a company spokesperson.
“We believe there is an opportunity for a separate space where content creators and public figures can share timely information on their interests,” a Meta spokesperson said in a statement to CNN.
The network notes that the envisioned social network is similar in concept to Twitter.
It is planned that this platform will be decentralized, that is, users will be able to create different servers or communities, each with its own rules, but not one central platform.
U.S. billionaire Ilon Musk bought Twitter for $44 billion last year. The deal, announced in April, was not closed until late October after lengthy litigation between the parties over the disclosure of fake accounts. Since buying the company, Musk has repeatedly stated his intention to respect free speech on the platform.
A number of media outlets have noted that the new platform will be linked to Instagram, allowing users of that social network to access it from their existing accounts.
In January this year, Ukrainian by-product coke plants (COKE) reduced production of bulk coke with 6% moisture in 3.3 times compared to the same period last year – up to 245 thousand tons from 807 thousand tons.
As reported to Interfax-Ukraine by Anatoliy Starovoyt, director general of Ukrkoks association of coke-chemical enterprises (Dnipro), 198,000 tonnes of gross coke, including 171,000 tonnes of metallurgical coke, were produced in December 2022.
According to him, in January-2023 the production of metallurgical coke in the whole country amounted to 212 thousand tons.
Currently, Yuzhkoks, Kametstal (formerly DKHZ), DMZ (Dniprokoks), Zaporizhkoks, and coke-chemical production at ArcelorMittal Kryvyi Rih are operating.
As reported, in 2022, Ukrainian coke plants reduced the production of gross coke 6% moisture by 59% compared with the previous year, to 3.91 million tons, and metallurgical coke – 3.354 million tons.
In 2022, 4.594 million tons of coal concentrate was supplied to domestic CCPs (11M-2021 – 11.834 million tons), including Ukrainian production – 3.158 million tons, imported from Russia (before war) 623.9 thousand tons, from Kazakhstan (before war) – 65.4 thousand tons, Poland – 57.1 thousand tons, Czech Republic – 38.8 thousand tons, USA – 459.5 thousand tons and Australia – 191.5 thousand tons. Including 340.3 thousand tons of concentrate was supplied in December, including 304.6 thousand tons of Ukrainian production, from Poland – 20.7 thousand tons, Australia – 4.2 thousand tons.
Ukraine in 2021 decreased the output of coke by 1.3% compared with 2020 – to 9.543 million tons.
The average value of top models of Rolex, Patek Philippe and Audemars Piguet watches in the secondary market from August 2018 to January this year showed an average increase of 20% per year.
This surpasses the growth rate of the U.S. S&P 500 stock index, which averaged 8 percent annually, according to a Boston Consulting Group report.
Luxury watches are in demand as an alternative investment, the report said. Buyers are willing to pay for watches from the world’s best-known brands as well as leading independent manufacturers, including F.P.Journe and De Bethune, expecting their value to continue to rise. Indeed, luxury watches are performing well, especially in the long term, compared to traditional investment categories, analysts say.
Sales of high-end watches on the secondary market reached $22 billion in 2021, up from $18 billion a year earlier. New watch sales increased to $53 billion from $38 billion.
According to preliminary estimates, in 2022, the former is up about 9% to $24 billion and the latter is up less than 4% to $55 billion.
The average annual growth rate (CAGR) for sales between 2019 and 2026 is projected to be in the neighborhood of 10% for the secondary market, 7% for new watches.
From 2013-2022, the rate of price growth for luxury watches also exceeded the rate of appreciation for other “collectible” assets such as jewelry, handbags, wines, art and furniture, according to the report.
A large apple producer LLC “Gardens of Dnipro” (Podgorodne, Dnipropetrovsk region), which grows products under TM UApple, will plant apples on additional 20 hectares in the coming weeks and is preparing to expand its pear orchard by another 10 hectares in the future.
Vadim Yermolaev, owner of the business and head of the Alef Corporation Board, said on Facebook on Friday that apples of the Gala RKD variety, which bears fruit three weeks earlier than the usual Gala, will soon be planted.
“Right now the orchard is being planted. We have already brought 83,000 seedlings from France to be among the first in Ukraine to start growing this innovation. At the moment we have started installing the poles, fixing the optimal distance between the future trees. Actually, the seedlings will be planted in April. The first harvest from these trees we will collect this year. But the first full-fledged harvest, by our standards it’s 50-60 tons/hectare – five years later”, – wrote Yermolaev in social network.
He clarified that further development of the orchard is planned for the future, in particular, the planting of pears on additional 10 hectares.
According to the company’s website, “Gardens of Dnipro” was founded in 2016 and is one of the largest apple producers in Ukraine. The producer sells products in Ukrainian retail chains and also exports to the EU, Asia and the Middle East. Six varieties of apples are grown under the trademark UApple: Gala Schniga, Golden Delicious, Granny Smith, Pinova, Fuji, Red Delicious.
Alef Corporation unites 10 diversified businesses, working in the segment of real estate development, production of building materials and agricultural sphere. Vadim Yermolaev, Chairman of the Alef Corporation Board, is also the founder of Miroplast, UDK, ABM Technology, Oscar, Dnepropress Steel, Alef-Vinal, Gardens of Dnepr, Lunapak, Agroalliance.
Beer production in Ukraine (except non-alcoholic with alcohol content up to 0.5% vol.) in January-February 2023 decreased by 8.9% compared to the first two months of 2022 – up to 16.2 million dal, according to the website of the brewers’ organization Ukrpivo on Friday.
At that it is specified that in January this year the lag in the production of this drink compared to January 2022 was 15.2%.
In turn, in January-February 2023, Ukraine produced 28.9 thousand tons of malt, which is 5.7% less than the first two months of last year.
As it was reported, beer production in Ukraine in 2022 dropped by 27.9% compared to 2021 – up to 122.8 million dal.
By the end of 2022 the brewing industry has partially recovered after a 50% drop in production of this drink in the first quarter due to the Russian invasion and the shutdown of some breweries. Thus, in the first four months of 2022 the decline was 42.8% compared to the same period of 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, the year before – 27.9%.
