Business news from Ukraine

Business news from Ukraine

EUROCAR PLANT SEES 2.6-FOLD RISE IN NET PROFIT

Eurocar (Solomonove, Zakarpattia region), manufacturing Skoda passenger cars, part of Atoll Holding Group, tentatively saw UAH 182 million in net profit in 2018, which is 2.6 times more than in 2017.
According to the information attached to the agenda of the general meeting of shareholders scheduled for April 25, its uncovered loss as of early 2019 totaled UAH 1.11 billion (UAH 734.24 million in 2017).
According to the draft decision of the shareholders, it is planned to send net profit for 2018 to cover losses of the previous years.
In 2018, Eurocar saw a 7.3% rise in current liabilities, to UAH 372.93 million, while noncurrent liabilities slightly grew to UAH 1.625 billion.
Total receivables as of January 1, 2019 accounted for UAH 426.61 million, falling by 22.4%, and its assets grew by 50.2%, to UAH 2.303 billion.
Net worth as of early 2019 was UAH 304.42 million, while a year ago it was negative – UAH 429.438 million. The charter capital did not change, being UAH 234.48 million.
Eurocar has been manufacturing passenger cars since December 2001.

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ARTWINERY POSTS 26% FALL IN NET PROFIT IN 2018

The net profit of private joint-stock company Artwinery (Donetsk region, formerly Artemovsk Winery) fell by 26% in 2018 compared with 2017, to UAH 49.39 million.
According to a company report on holding the annual general meeting of shareholders on April 24, its assets last year rose by 15.4%, to UAH 729.23 million.
Current liabilities grew by 27.2%, to UAH 365.41 million, total receivables – by 1.5 times, to UAH 221.33 million.
The company plans to approve the payment of dividends from the retained earnings for 2017 in the amount of UAH 60.13 million. Dividends will be paid in the period before October 22, 2019.
Artwinery is the largest Eastern European manufacturer of sparkling wines using classical champagne method. The plant’s capacity is 25 million bottles per year. Its trademarks are Krim, Artyomovskoye, Krimart, Charte, and Soloking. The company exports products to more than 20 countries.
The company said that its share of the Ukrainian sparkling wine market in 2017 totaled 20.6%.

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WEEKLY CHANGES IN FUEL PRICES IN UKRAINE

Average retail prices for petrol and diesel fuel in Ukraine as of March 22, 2019, remained at the level of the previous week, while prices of LPG grew by 6.3%, according to data from the A-95 Consulting Group (Kyiv).
Changes in average retail fuel prices UAH per liter in Ukraine:

©Source: A-95 Consulting Company

EKO-DIM CONSTRUCTION COMPANY SEES 1.5-FOLD RISE IN NET PROFIT

Private joint-stock company Eko-dim holding company (Lviv region) in 2018 saw a 1.5-fold rise in net profit, reaching UAH 15.1 million.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market on holding of a general meeting of shareholders on April 23, net profit per share in 2018 was UAH 173.10, while in 2017, UAH 109.10 of net profit was per share.
The retained earnings grew by 40%, to UAH 52.5 million.
Total receivables last year rose by 20.7%, to UAH 35.5 million, noncurrent liabilities fell by 87%, to UAH 31 million. Current liabilities decreased 19%, to UAH 50.7 million.
Eko-dim holding company (before July 1, 2010 it was OJSC Mobile Mechanized Convoy No. 9) was founded in 1997. The company is engaged in construction and installation work, has its own concrete plant, a workshop of concrete products, a metalworking site, and a sawmill with a carpentry shop.

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