Nova Poshta Group of Companies has started testing aviation delivery service within Ukraine and now draws out new delivery formats.
“Boxes of Nova Posta are travelling between cities with million-plus cities by plane. Not all so far because we are still testing the air delivery service,” Nova Poshta reported on its official page in Facebook.
The testing flight Kyiv-Lviv started in the second part of August 28.
“Today we sent the first test flight Kyiv-Lviv-Kyiv! This means that we will soon offer customers delivery on the same day from Kyiv to Lviv, and then to Kharkiv, Dnipro and Odesa. And also we will connect the cities of western, eastern and southern Ukraine with guaranteed delivery on the next day,” Nova Poshta co-owner Volodymyr Popereshniuk wrote on Facebook.
Nova Poshta, founded in 2001, is the leader in the local express delivery market. The company’s network consists of over 3,300 offices throughout Ukraine.
Avangard agricultural holding, the largest egg producer in Ukraine, in January-June 2019 saw $110.89 million in net loss, which is 3.1 times more than a year ago.
According to a company report posted on the London Stock Exchange (LSE) on Friday, consolidated revenue grew by 24.6%, to $84.78 million, and gross loss – 14 times, to $65.1 million.
Export revenue for the reporting period increased 1.6 time, to $44.8 million, and its share amounted to 53% of the company’s consolidated revenue.
In the first half of the year, egg production amounted to 1.78 billion pieces, which is 44% more than in the same period in 2018, their sales grew 1.9 times, to 1.59 billion pieces, exports – 2.6 times, to 785 million pieces.
The average selling price of eggs was UAH 1.23 per piece, excluding VAT, which is 24% lower than the level of the first half of last year, in U.S. dollars – $0.046 per piece, excluding VAT (25% less).
The production of dry egg products during the reporting period amounted to 2,380 tonnes (34% less), their sales also decreased 34%, to 2,280 tonnes. Export of dry egg products amounted to 1,590 tonnes and decreased by 46%.
The average selling price of dried egg products was $3.84 per kg, an increase of 4% from January-June 2018.
As of June 30, the total number of birds was 16 million, which is 15% more compared to the same date last year. The number of laying hens amounted to 11.2 million (35% more).
According to the report, negotiations with creditors on restructuring are ongoing.
Net cash used in investing activities increased to $14.2 million from $1.2 million in the first half of 2018 as a result of an increase in investment. In general, the net cash outflow in the reporting period amounted to $20.9 million compared to a net cash inflow of $4.1 million as of June 30, 2018.
As of June 30, 2019, the total debt of the company increased slightly compared to December 31, 2018 and amounted to $391.5 million. Net debt increased 6.5%, to $390.9 million. Issue of the company’s eurobonds maturing on October 29, 2018 amounted to 60% of total debt.
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The official exchange rate set for August 29, 2019 was UAH 25.221856per U.S. dollar and that for August 30, 2019 was UAH 25.232299 per U.S. dollar.
The Verkhovna Rada has approved the schedule of the second session of the 9th convocation. Some 278 deputies voted for corresponding draft resolution (No. 1087) at a plenary meeting.
“This project proposes to start the second session of the IX convocation on September 3 and finish its work on January 24, 2020,” said Serhiy Kalchenko, a representative of the parliament’s committee on regulatory issues, introducing the draft resolution.
According to him, the schedule provides for 10 plenary weeks, six weeks of work in committees, commissions, parliamentary factions, and five weeks for working with voters, as well as eight hours of questions for the government.
According to the constitution, the next session of the Verkhovna Rada opens on the first Tuesday of September.
Ukrainian banks’ cash exchange rates on 30/08/19
Ukrainian insurance companies in January-June 2019 collected net premiums in the amount of UAH 20.121 billion, which is 20.1% more than in January-June 2018, according to the website of the National Commission for Financial Service Markets Regulation.
According to the regulator, the volume of gross insurance premiums collected by insurers for this period amounted to UAH 27.291 billion (16.5% more than in 2018).
The commission notes that the increase in gross insurance premiums was recorded in almost all types of insurance: in voluntary car insurance (KASKO), compulsory vehicle owners’ civil liability (OSAGO) and Green Card by UAH 1.26 billion, or by 21.1%, medical insurance by UAH 711.3 million, or by 42.5%, insurance against fire risks and natural hazards by UAH 662.1 million, or 31.2%, property insurance by UAH 422.5 million, or by 13.4%, life insurance by UAH 358 million, or 20.7%, medical expenses insurance by UAH 354.2 million, or 65.3%, and aviation insurance by UAH 164 million or 63.8%.
The share of net insurance premiums in gross insurance premiums for the first six months of 2019 was 73.7%, which is 2.2 percentage points more compared to the same period of 2018.
In January-June 2019, insurers paid UAH 6.527 billion in net payments in claims, which is 11.3% more than a year ago. The level of net payments fell from 35% to 32.4%.
According to the regulator, gross payments in claims grew by 49.8%, to UAH 6.668 billion. The level of payments fell from 25.9% to 24.4%.
A high level of gross payments in claims registered in car insurance (11.1% up), medical insurance (29.1% up) and medical expenses insurance (25%).
