KYIV. Oct 26 (Interfax-Ukraine) – Public joint-stock company Ukrhydroenergo saw a 2.2-fold rise in net profit in January-September 2016, to UAH 1.709 billion.
The company said that its net revenue over the period grew by 37.5%, to UAH 4.405 billion. The company saw a 1.6-fold rise in gross profit, to UAH 2.524 billion.
Ukrhydroenergo increased electricity generation by 27.1% over the period, to 6.259 billion kilowatt-hours (kWh).
Ukrhydroenergo in 2015 saw net profit rise by 2.3 times compared to 2014, to UAH 1.091 billion, net income by 1.7 times, to UAH 4.469 billion, EBITDA by 64.7%, to UAH 2.688 billion.
Ukrhydroenergo operates all of the major hydroelectric power plants on the Ukrainian sections of the Dnipro and Dniester rivers. Their total electricity generating capacity comes to five gigawatts. The state owns 100% of the shares of the company.
KYIV. Oct 26 (Interfax-Ukraine) – PJSC Hartron (Kharkiv) in January-September 2016 increased consolidated net profit under international financial reporting standards (IFRS) by 44.5% compared to the same period in 2015, to UAH 6.46 million.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the nine months increased by 3.2%, to UAH 152.65 million.
In January-June 2016 Hartron saw consolidated net profit under IFRS rise by 41.84%, to UAH 4.53 million, consolidated net income fall by 14.384%, to UAH 65.65 million.
In January-September 2016 Hartron posted unconsolidated net profit according to IFRS in the amount of UAH 4.36 million, which is 31.36% less compared to the same period last year.
Unconsolidated net income for the nine months decreased by 22.28% compared to the same period of last year, to UAH 2.02 million.
PJSC Hartron is the only enterprise in Ukraine, which creates space rocket management systems. The company is also involved in the creation of automated control systems and nuclear power plants safety.
KYIV. Oct 26 (Interfax-Ukraine) – Private joint-stock company Naftogazvydobuvannia, part of DTEK Naftogaz, in the period from January 1 through October 23, 2016 produced 1.304 billion cubic meters of natural gas.
“Thus, we exceeded the last year indicator and reached the new level – the largest production volume for the whole history of the company! We are steadily moving to meet the annual target and new peaks,” the company said in a report.
According to quarterly reports of Naftogazvydobuvannia, in Q1 2016 the company produced 381.119 million cubic meters of gas, in Q2 2016 – 395.491 million cubic meters and in Q3 2016 – 427.771 million cubic meters.
In addition, the company produced 41,471 tonnes of gas condensate in January-September 2016.
KYIV. Oct 25 (Interfax-Ukraine – Kriukiv Car Building Works (KCBW, Poltava region) has won a tender for the supply of 200 high-sided wagons to Darnytsia wagon repair plant (Kyiv), a branch of PJSC Ukrzaliznytsia, offering cars for UAH 195.475 million with the expected amount of purchase being UAH 195.6 million.
According to the ProZorro portal, the initial offer of KCBW was UAH 195.6 million.
PJSC Dniprovahonmash (Dnipropetrovsk region), which originally offered wagons for UAH 195.6 million and reduced the price during the auction to UAH 195.483 million, also participated in the tender
Dniprovahonmash, in turn, won a tender from KCBW to supply 150 high-sided wagons. Its initial offer was like that of KCBW and stood at UAH 146.7 million, while the final price was UAH 146.612 million.
As reported, Darnytsia wagon repair plant on September 16 announced tenders for the purchase of a total of 1,000 high-sided wagons with a carrying capacity of not less than 70 tonnes for a total of UAH 978 million.
KYIV. Oct 25 (Interfax-Ukraine) – Owner of Ukrlandfarming agricultural holding Oleh Bakhmatiuk is mulling the possibility of attracting investors for a majority stake to improve the company’s financial condition.
“I understand that to attract investors is the only possible way. It was difficult for me to make the decision and sell the majority stake. I wanted to conduct an IPO, but seeing the problem with the National Bank, I understand that Bakhmatiuk is now a problem for Ukrlandfarming and the company cannot develop,” he said in an interview with Interfax-Ukraine.
According to the businessman, he is currently in talks with Chinese companies and investors from the Middle East.
“We are ready to sell the majority stake if the issue with the creditors is resolved. We need to reduce debt burden and maintain the company’s development. These are the key points I focus on in negotiations with the investors,” he added.
Bakhmatiuk explained now the main issue that remains unresolved is the dispute with the National Bank regarding the financial debt of his banks and companies.
“Valeriya Gontareva [the head of the National Bank] is doing everything to destroy it [the company]. But the company has future, it is a great platform, and it’s a pity if it is destroyed,” the businessman said.
