In 2023, Donbass Clays PrJSC (Dorozhne village, Donetsk region) reduced its net profit by 2.5 times compared to 2022, to UAH 81.997 million.
According to the annual report for 2023, net income decreased by 7.7% to UAH 371.889 million.
Retained earnings at the end of 2023 amounted to UAH 310.034 million.
As reported, in 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021, to UAH 32.217 million from UAH 302.512 million. In 2021, the company increased its net profit by 51.1% compared to 2020, to UAH 302.512 million from UAH 200.216 million.
Donbas Clays was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.
At the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.
According to the third quarter of 2024, Watts Blake Bearne International Holdings B.V. owns 99% of the shares in the company.
The authorized capital of Gliny Donbassa PrJSC is UAH 526.9 thousand, the nominal value of 1 share is UAH 5269.18.
In the fourth quarter of 2024, telecommunications holding VEON received revenue of $998 million, which is 4.7% more than in the same period of 2023, the company reported.
The holding’s EBITDA in the reporting period increased by 11.3% to $408 million. The EBITDA margin amounted to 40.9% compared to 38.5% in the fourth quarter of 2023.
In local currencies, VEON’s revenue increased by 10.3% and EBITDA by almost 19%.
The holding’s telecommunications and infrastructure revenues amounted to $872 million, showing a year-on-year increase of 0.8%.
VEON’s revenues from its business in Ukraine increased by 15.9% and in Pakistan by 18.8%; revenues from its business in Kazakhstan decreased by 7%, in Bangladesh by 18.6% and in Uzbekistan by 6.8%.
The holding’s mobile subscriber base decreased by 2.7% to 152 million in the fourth quarter. The 4G user base grew by 5.3% to 99.2 million.
In the fourth quarter, VEON recorded a net profit of $93 million against a loss of $3.5 billion a year earlier.
As of the end of 2024, VEON’s CAPEX amounted to $826 million, up 27% since 2023. Net debt amounted to $2.9 billion, down 0.5%.
At the end of 2024, VEON’s revenue increased by 8.3% (12.8% in national currencies) to $4 billion. EBITDA amounted to $1.7 billion, showing an increase of 4.9% (10% in local currencies). In 2025, VEON expects to increase its performance in local currencies by 12-14% in terms of revenue and 13-15% in terms of EBITDA.
The largest mobile operator Kyivstar has announced that it has signed an agreement to buy 97% of the online taxi service Uklon, which it plans to expand to new markets with the help of its parent company VEON.
The deal is worth $155.2 million and is expected to close in April 2025.
After the deal is signed, Kyivstar and Uklon will remain separate businesses. The Uklon team will continue to work under the leadership of the current CEO Sergey Grishkov.
For Kyivstar, the investment in Uklon was a logical step in building an integrated digital ecosystem, as well as an important stage in the inorganic growth and scaling of the business on the way to fulfilling VEON’s investment commitments of $1 billion over 2023-2027, the company said in a statement.
“Our strategy involves not just providing communication, but creating a comprehensive digital environment where electronic communications are the basic platform for innovative services. Uklon is one of the leading players in its field… We have a lot in common, so by joining forces we will be able to strengthen each other and create even more innovative services, investing in the Ukrainian economy together,” said Kyivstar CEO Oleksandr Komarov.
The investment is fully in line with VEON and Kyivstar’s strategy of building a digital operator, added Zoya Dronshkevych, Kyivstar’s Director of Business Development and Corporate Strategy.
“After closing the deal, we will invest in expanding the ecosystem of Uklon services and products, including multifunctional applications for passengers and drivers, in developing synergies between our businesses in Ukraine, in further expansion of Uklon to other countries where VEON operates, as well as new markets where there is potential to create value for customers and shareholders,” she said.
The deal opens new development horizons for Uklon: from increasing strategic investments in digital services and creating additional jobs to entering new markets with the support of global digital operator VEON, the parent company of Kyivstar, the statement said.
“We have always had ambitions to move on, both in Ukraine and in new markets. I am confident that with the support of Kyivstar, Uklon will gain additional capabilities and expertise to further improve our service and products to provide even more value to all our users and partners,” Uklon co-founder Dmytro Dubrovsky said, as quoted by the press service.
The deal is an important signal for Ukrainian and international investors who are ready to join the rebuilding of Ukraine despite the ongoing war, Kyivstar emphasized.
Dragon Capital acted as the exclusive financial advisor to Uklon in the deal.
Commenting on the deal price at Concorde Capital’s request, Oleksandr Parashchiy, head of research at the investment company, said it corresponds to about 20 times EBITDA, based on Uklon’s Ukrainian financial statements.
“It’s not much for this sector, but it’s very generous for Ukraine. The main thing we don’t know for an adequate assessment is what growth rates the company is planning for,” the analyst added.
Another market participant, who asked not to be named, cited Kyivstar’s likely desire to complete the deal before its SPO on NASDAQ and the mobile operator’s significant free cash flow due to currency restrictions imposed by the National Bank as factors that influenced the deal and its price.
Earlier, the Antimonopoly Committee of Ukraine (AMCU) granted Kyivstar permission to acquire online taxi service Uklon: Tech Uklon LLC, Uklon Corporation and Uklon Ukraine. Kyivstar also applied to the AMCU with a second application for the purchase of MTPK LLC, which owns the online service of the price aggregator for medicines Tabletki.ua.
“Kyivstar is the largest mobile operator in Ukraine with about 24 million subscribers. The company’s digital services portfolio includes the digital medical platform Helsi with a registered base of 28 million users and the film and television platform Kyivstar TV. “Kyivstar bought a 69.99% stake in Helsi in August 2022 for UAH 555.74 million.
Kyivstar’s revenue in January-September 2024 increased by 4.7% to UAH 26.86 billion, while in dollars it decreased by 4% to $674 million. For 9 months of 2024, the company reduced EBITDA by 2.6% to UAH 15.13 billion.
Uklon, according to the company, operates in 27 Ukrainian cities and the Bukovel tourist complex and unites more than 100 thousand active partner drivers on the platform, who together fulfill more than 10 million orders per month. In 2023, the company began international expansion by launching an online car ordering service in Uzbekistan.
According to YouControl, Uklon Ukraine LLC ended 2024 with revenues of UAH 1 billion 717.8 billion, which is twice as much as in 2023, and its net profit amounted to UAH 232.3 million against a net loss of UAH 45.4 million in 2023.
The owners of the company are Dmytro and Victoria Dubrovsky – 38.46% each, Vitaliy Dyatlenko and Serhiy Smus – 11.54% each.
On Wednesday, VEON’s share price fluctuated between $45.3-47.0, but overall the change was insignificant – only a 0.09% decrease to $45.94 per share.
Following the agreements between President of Ukraine Volodymyr Zelensky and President of the Republic of Cote d’Ivoire Alassane Ouattara, Deputy Head of the Office of the Head of State Ihor Brusilo held an online meeting with Minister of Economy and Development of Cote d’Ivoire Niale Kaba.
The key topic of discussion was activation of mutually beneficial cooperation in promising sectors of economy: agricultural industry, trade, infrastructure projects and professional training of Ivorian students in Ukrainian higher educational institutions. Côte d’Ivoire expressed readiness for partnership, in particular due to the beginning of direct dialog between the sectoral ministries.
Special attention is paid to the expansion of the legal framework of bilateral relations in trade and economic sphere. This will ensure favorable interaction in many sectors.
In addition, Brusilo and Kaba agreed on practical steps aimed at the implementation of the agreements reached.
The meeting was also attended by: Deputy Minister of Economy of Ukraine Taras Kachka, Deputy Minister of Agrarian Policy and Food Oksana Osmachko, Director General of the Directorate for Foreign Policy and International Military-Technical Cooperation of the Office of the President Ruslan Kurochenko and representatives of the Ministry of Foreign Affairs.
In January-February this year, Ukraine increased exports of ferroalloys in physical terms by 35.5 times compared to the same period last year, up to 19.170 thousand tons from 540 tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, exports of ferroalloys increased 11 times in monetary terms to $19.775 million.
The main exports were to Algeria (32.16% of supplies in monetary terms), Poland (25.61%) and Italy (18.92%).
In addition, Ukraine imported 7.962 thousand tons of these products in 2 months of 2015, a decrease of 53.5% compared to January-February 2014. In monetary terms, imports fell by 49.8% to $14.210 million.
Imports were mainly from Norway (32.25%), Kazakhstan (16.80%) and Armenia (7.62%).
As reported, Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), both part of Privat Group, stopped mining and processing of crude manganese ore in late October and early November 2023, while NFP and ZFP stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimal level.
In 2024, Ukraine reduced exports of ferroalloys in physical terms by 4.45 times compared to 2023 – to 77.316 thousand tons from 344.173 thousand tons, while in monetary terms, exports decreased by 3.4 times – to $88.631 million from $297.595 million. The main exports were to Poland (27.40% of supplies in monetary terms), Turkey (21.53%) and Italy (19.82%).
In addition, last year Ukraine imported 82.259 thousand tons of these products compared to 14.203 thousand tons in 2023 (an increase of 5.8 times). In monetary terms, imports increased by 3.3 times to $140.752 million from $42.927 million. Imports were carried out mainly from Poland (32.71%), Norway (19.55%) and Kazakhstan (13.90%).
Prior to the nationalization of the financial institution, PrivatBank organized the business of ZZF, NZF, Stakhanovsky ZF (which is on the NKT), Pokrovske and Marganetske GOKs. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.
