KSG Agro in January-September 2019 saw $10 million of net profit, which is almost 4.5 times more than a year ago.
According to unaudited interim condensed consolidated financial statements of the holding posted on the Warsaw Stock Exchange (WSE), its revenue over the period fell by 11.3%, to $17.76 million.
KSG in January-September of this year reduced gross profit by 58.3% compared to the same period in 2018, to $ 1.86 million, operating – by 41.2%, to $2.54 million.
KSG’s revenue in the crop production segment for the reporting period decreased 32.2%, to $7.8 million. In particular, from the sale of sunflower oil the company saw $4.9 million, wheat $1.6 million, rapeseed $0.5 million, barley $0.5 million and sorghum $0.2 million
Over the first nine months of 2019, KSG’s revenue in the livestock segment decreased 1.7%, to $5.8 million (last year, sales of cows were included in the segment’s revenue, later KSG sold cattle and focused on pig breeding), pig sales remained at the January-September 2018 level and amounted to 72,000 heads.
The total assets of the agricultural holding as of September 30, 2019 amounted to $75.7 million compared with $53.2 million as of December 31, 2018.
In 2019, the group completed the restructuring of its core loans. In particular, In February 2019, the Group has restructured its debt under the loan from Big Dutchman Pig Equipment. The remaining balance was repaid in full. In July 2019, the group has finalized restructuring terms for an overdue loan from Landesbank Baden-Wuerttemberg (LBBW) in the total amount as at December 31, 2018, including interest, of $9.9 million. As a result, the group’s debt under the loan was reduced to EUR 3.2 million. At the date these financial statements are being issued, the remaining balance is $3.3 million
The group’s long-term liabilities as of September 30, 2019 amounted to $19.1 million compared with $20.5 million as of December 31, 2018, current liabilities as of September 30, 2019 amounted to $52.5 million compared with $49.1 million as of December 31, 2018.
As of the reporting date, KSG has completed its 2019 harvesting campaign and is sowing winter crops. As of September 30, 2019, the group harvested 14,500 tonnes of wheat, 12,200 tonnes of sunflower, 3,900 tonnes of barley, 2,800 tonnes of corn and 1,100 tonnes of rapeseed.
On November,16 and 17 a show-program “The world of horses” will take place in the «Kyivan Rus Park».
An interesting program with horse-trick performances, live vocal, theatrical performances on historical theme, and traditional Slavic funs there will be for the guests. Also the visitors will be presented a historical horse breeds collection from all over the world in the Princely stable.
Ancient Kyiv opens at 10:00. The program starts at 13:30 and will last till 18:00.
The ticket price: a full ticket for an adult – 190 UAH., for pensioners and students – 150 UAH., for schoolchildren – 80 UAH., preschool children – for free.
Ancient Kyiv in the Principality of «Kyivan Rus» is not far from the modern Kyiv – only in a 45-minutes drive – in the Kyivan region, Obukhivskiy district, vill. Kopachiv. Route taxis from Kyiv leave from the «Vydubychi» metro, according to the schedule on the website.
The Interfax subscribers can spare money using the promo code “openbusiness-20” for the 20% discount when buying a ticket for an adult (at full price) to the Principality of Kyivan Rus:
– by previous booking by tel.: +38 044 461-99-37, +38 050 385-20-35
– at the cash desk at the entrance to the «Kyivan Rus Park».
Ukraine’s Verkhovna Rada has passed a bill on the national budget for 2020 with 280 supporting votes, while at least 226 votes was required. “This budget includes much more funds for infrastructure, medicine, education, and not reduced, but increased expenses for local self-government. Moreover, all transfers and subventions to local budgets, including the State Regional Development Fund, the subvention for social economic development and the subvention for amalgamated territorial communities, are more than last year. And today, with your vote you added UAH 7 billion from the Road Fund,” Finance Minister Oksana Markarova said from the rostrum of the parliament on Thursday.
As reported, the draft national budget of Ukraine for 2020, prepared by the government for second reading, envisages the allocation of UAH 1.2 billion on the creation of the Bureau of Financial Investigations. Some UAH 1.84 billion will be spent on development and implementation of state investment projects, of which UAH 772.5 million will be allocated for healthcare, UAH 390 million – for transport infrastructure, UAH 190 million – for environmental protection, and UAH 180 million – for education.
The draft budget also envisages the allocation of UAH 52.76 million for the Government Debt Management Agency.
Ukrainian airlines in October 2019 serviced 82.1% of flights of the total number of flights serviced at Ukrainian airports within the 15-30 minute deviation from the timetable, which is 4.1 percentage points (p.p.) better than the figure for September 2019 (86.2%), according to the Ministry of Infrastructure of Ukraine.
According to the ministry, in October, Ukrainian airlines serviced 4,738 flights.
The punctuality of foreign airlines in October compared with September increased to 80.4% from 83.9%, while the number of flights totaled 3,204.
Of the Ukrainian airlines that made more than 50 flights a month in October, Windrose was the most punctual, with 87.4% and the number of flights 525. Motor Sich is second with 84.8% and 191 flights. Ukraine International Airline (UIA) had 84.7% punctuality with 2,890 flights. SkyUp had 75.1% with 527 flights and Azur Air Ukraine – 74% with 384 flights.
In October, Swiss International Airlines (29 flights), Scandinavian Airlines (three flights), Bulgaria Air (two flights) and British Airways (two flights) topped the punctuality rating among foreign airlines with 100%.
Among the low cost airlines in October, the Irish Ryanair had the best punctuality indicators – 89.8% with 332 flights. Pegasus Airlines had 79.8% with 119 flights. Wizz Air Hungary is third with punctuality of 79.1% and 584 flights.
The seaports of Ukraine in January-October 2019 handled 129.8 million tonnes of cargo, which is 20.2% more compared to the same period in 2018. According to the press service of the Ukrainian Sea Ports Authority, the volume of grain and ore transshipment for the indicated period increased by more than a third.
At the same time, compared with the same period in 2018, the volume of grain transshipment grew by 37% (43.6 million tonnes), ore by 33% (30.5 million tonnes).
Transshipment of liquid cargo (oil, petroleum products, and others) rose by 9.6%, to 9.3 million tonnes.
In addition, according to data for January-October, the trend of container handling growth continues: in the ten months it increased by 19% (812,000 TEU).
The volume of exports increased by 24% compared with the same period of the previous year, imports by 12%, transit by 8%.
Among Ukrainian ports, five ports became the leaders in transshipment in the ten months, which provided the processing of more than 90% of the total cargo volume.
Over the ten months, the sea ports of Ukraine handled 9,800 ships, and increased the volume by 2.1% from last year’s figure.
Bank Zemelny Capital (Dnipro) increases its charter capital by UAH 73.5 million, or 32.5%, to UAH 300 million, through an additional issue of shares.
According to a bank report in the information disclosure system of the National Commission on Securities and the Stock Market, the bank’s shareholders at a general meeting on November 8 decided to increase charter capital.
The bank will place common registered shares without making a public offer. The placement price will be UAH 100 per share, which is equal to its face value and is higher than its market value (UAH 95.65).
Bank Zemelny Capital was founded in 1994. According to the NBU, as of January 1, 2019 the owner of the bank’s significant stake was former Minister of Coal Industry Viktor Topolov (94.426049% of the shares).
Bank Zemelny Capital ranked 66th among 76 banks operating in country as of early October 2019 in terms of total assets (UAH 731.218 million), according to the NBU.
