Business news from Ukraine

Business news from Ukraine

UKRAINE SEES EXPORT OF POULTRY RISE, PORK FALL IN JAN-APR

Ukraine in January-April 2018 exported 98,360 tonnes of poultry, which is 2.6% more than in the same period in 2017, the State Fiscal Service has reported. According to its data, in monetary terms exports of these products increased by 21%, to $150.09 million.
Imports of poultry for the four months of 2018 increased by 27.7%, to 40,000 tonnes, in monetary terms by 35.8%, to $16.73 million.
According to the service, exports of pork in January-April 2018 decreased by 66.7% compared to the corresponding period in 2017, to 810 tonnes. Exports amounted to $1.88 million against $4.7 million in the four months of 2017.
Pork imports to Ukraine during this period increased by 4.6 times, to 3,310 tonnes. The country imported pork for $5.91 million against $1.24 million in January-April 2017.
As reported, with reference to customs data of the fiscal service, Ukraine in 2017 increased the supply of pork to foreign markets by 1.6 times, to 4,920 tonnes, imports of this product doubled, to 5,600 tonnes.

, ,

BASHTANKA CHEESE FACTORY SEES UAH 46 MLN OF NET PROFIT IN 2017

Public joint-stock company Bashtanka Cheese Factory (Mykolaiv region), a large cheese producers in Ukraine, saw UAH 46.007 million of net profit in 2017, and this is 4.7% more than a year ago.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue last year grew by 27.4%, to UAH 846.92 million.
Gross profit rose by 17.7% in a year, to UAH 165.21 million, and operating profit – by 4.7%, to UAH 74.06 million.
Hard cheese sales in money terms grew by 28.4%, to UAH 427.9 million, and slightly rose in kind, to 4,360 tonnes.
Bashtanka Cheese Factory is part of the Milk Alliance created in June 2006 as a holding company with the charter capital of UAH 23.5 million and a balance sheet, 99.9% of which consists of long-term financial investments.

, ,

LAVINA MALL IN KYIV POSTS UAH 120 MLN OF NET PROFIT IN Q1

Lavina Mall LLC (Kyiv), the owner of Lavina Mall in Kyiv, posted UAH 119.9 million of net profit in January-March 2018 compared with net loss of UAH 114 million year-over-year.
According to a financial report of the company in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue grew 2.6-fold, to UAH 154.9 million.
Gross profit soared 11-fold, reaching UAH 98.4 million, and operating profit – 19-fold, to UAH 154.9 million.
Uncovered loss in Q1 2018 fell by 34%, to UAH 229 million.
Total bills receivable over the period rose by 6.8%, to UAH 546.8 million.
Non-current liabilities increased 5%, to UAH 1.72 billion, and current liabilities decreased 18%, to UAH 820 million.
Lavina Mall was opened early December 2016.
Megaline LLC (Kyiv) was the developer of the mall.
Lavina Mall LLC was founded in 2013. Its core business is leasing and operation of own and leased property.
According to the unified public register of companies, the only participant of Lavina Mall LLC as of April 2018 was Iksoria Business Limited (Nicosia, Cyprus). The ultimate beneficiary is Toms Per Andres (Sweden), while as of Q3 2017 Vagif Aliyev was the ultimate beneficiary.

, ,

OTP BANK SEES 2.3-FOLD RISE IN PROFIT IN Q1

OTP Bank (Kyiv) in January-March 2018 saw UAH 670.493 million of net profit, which is a 2.3-fold rise year-over-year.
According to a financial report posted on the bank’s website, its net interest income grew by 21%, to UAH 584.507 million, and non-interest income increased 3.24-fold, to UAH 395.402 million, including a rise of 26.8% in net commission income, to UAH 255.924 million.
Operating expenses grew by 8%, to UAH 351.757 million.
The bank’s assets rose by 5.1%, to UAH 30.9 million, including a 6.1% rise in loans issued to clients, to UAH 18.08 billion.
Funds of clients grew by 2.9%, to UAH 26.4 million.
OTP Bank was founded in 1998. Its sole shareholder is Hungary’s OTP Bank Plc. OTP Bank is part of OPT banking group, which also includes OTP Factoring Ukraine LLC, AMC OTP Capital, OTP Leasing LLC, and OTP Credit LLC.
OTP Bank ranked 12th among 84 banks operating in the country on January 1, 2018 by total assets (UAH 29.822 billion), according to the National Bank of Ukraine.

,