Public joint-stock company Ukrzaliznytsia in January-June 2018 saw UAH 468.36 million of net profit, which is 3.82 times more than a year ago, the company has reported in its financial statements on its website.
Pretax profit was UAH 736.598 million, which is 21.35% more than a year ago.
Net sales revenue over the period came to UAH 39.969 billion, and the production cost reached UAH 38.545 billion.
Labor costs in H1 2018 grew by 43.3%, to UAH 16.535 billion.
As reported, referring to the audited consolidated financial statements of Ukrzaliznytsia for 2017, the company saw UAH 114.55 million of net profit compared with UAH 7.322 billion of loss in 2017, while total loss came to UAH 77.24 million compared with UAH 7.43 billion a year ago.
Oilseeds harvest in Ukraine could grow by 1.5 million tonnes this year compared with 2017, to 21.7 million, according to the UkrAgroConsult consulting agency.
“According to the results of this year, we forecast growth of the harvest to 21.7 million tonnes for three main oil crops – sunflower, rapeseeds and soybeans,” Director General of the UkrAgroConsult consulting agency Serhiy Feofilov said at a press conference at Interfax-Ukraine.
According to him, Ukrainian farmers continue expanding crop areas, increasing yield and general production of sunflower and other oilseeds, as these crops are currently the most profitable.
“Now the prices for wheat and barley are very close to each other, it is about $230 per tonne FOB, but even six months ago wheat was at around $180-190 per tonne FOB. The prices for corn are about $185 per tonne FOB, which is due to expectations of a high harvest, but even these prices are $30 higher than a year ago,” the UkrAgroConsult director general said.
At the same time, he said that even now grain crops will not be able to compete significantly with oilseeds, although the prices for grain have grown by 15-20%.
“Presumably, the main reason for the increase in grain prices will be the current unfavorable weather conditions in the three major grain-producing regions of the planet, but probably in 12-18 months the prices for grain will return to the previous level,” Feofilov said.
In his opinion, despite the increase in oilseed crushing capacities, the demand for raw materials and the supply of oil, the growth of exports is not accompanied by an increase in foreign exchange earnings, which is the fundamental reason for the trend towards a decrease in the profitability of the oilseed complex of Ukraine.
“Currently, the prices of vegetable oils, including sunflower, are at the lowest level over the past decade – about $700 per tonne FOB. It should be emphasized that the export of oilseed products – oil, meal, soy and rape is about 40% of all agrarian and food exports of Ukraine,” Feofilov said.
According to the forecasts of UkrAgroConsult, in Ukraine the production and stocks of both sunflower and sunflower oil will be significant by the end of the next season, and this will put pressure on prices both domestic and export.
“It is likely that sunflower areas (6.5 million hectares in 2018) will be stable in the structure of crops in Ukraine in the future, which is due to the considerable demand and crushing capacities, which in Ukraine are 20 million tonnes,” Feofilov said.
The director general of the consulting agency said that the creation and promotion of a national brand of sunflower oil is an effective and proven tool for overcoming the tendency of falling profitability.
“Manufacturers now do not think about creating a national brand, most likely because they are getting enough margin, but the situation may change, moreover, it is already changing. Export in physical terms, in tonnes, is a trend towards growth, and exports in revenue at cost, in dollars – a downward trend. Branding is expensive, we are talking about hundreds of millions of U.S. dollars, but the results will be extremely positive,” he said.
Dynamo Kyiv Football Club could not defeat Amsterdam Ajax in the final round of the Champions League qualification. After the defeat in Amsterdam a week ago with a score of 1:3, the Ukrainian team played with Ajax in a draw at the home match.
Thus, the sum of two matches in the group stage of the Champions League is Ajax, and Dynamo will play in the group tournament of the Europe League.
The only representative of Ukraine in the Champions League will be Shakhtar. Vorskla will definitely play in the Europe League. Zaria competes for another ticket to the LE in the German Leipzig on Thursday.
Real wages in Ukraine in July 2018 compared to July 2017 increased by 14.7%, compared to June 2018 by 1%, the State Statistics Service has reported. It said the average nominal wage of full-time employees in July 2018 compared to June 2018 rose by 0.3%, in annual terms by 24.9%, amounting to UAH 9,170, while in June it was UAH 9,141, in May UAH 8,725, in April some UAH 8,480, in March some UAH 8,382, in February some UAH 7,828, and in January UAH 7,711.
According to statistics, the largest growth in the average wage of full-time employees in July 2018 compared with July 2017 was recorded in Lviv region (by 30.4%), Ternopil (28%), Poltava (27.9%), Ivano-Frankivsk (27.2%), Zhytomyr (27.1%), Kyiv (27%), Dnipropetrovsk (26.9%), Zakarpattia (26.5%), Volyn (26.4%), Vinnytsia (25.7%), Rivne (24.9%), Odesa (24.7%), Chernihiv (24.5%), Kirovohrad (24.4%), Khmelnytsky (23.9%), Zaporizhia (23.5%), Kharkiv (22.7%), Chernivtsi (22.6%), Cherkasy (22.5%), Mykolaiv (22.4%), Sumy (21.4%) and Kherson (20.7%) regions and Kyiv city (21.2%).
Wage growth in Donetsk and Luhansk regions (excluding part of the joint forces operation) was 23.8% and 31.7% respectively.
The highest level of wages in the past month was recorded in Kyiv at UAH 13,836, the lowest one in Chernihiv region at UAH 7,168.
Ryanair, the largest European low cost airline, on September 3 will launch the new flight – from Kyiv to Berlin (Schönefeld), the press service of the Boryspil international airport has told reporters. “On September 3, 2018 the Boryspil airport will launch the first flight of the Ryanair airline Kyiv-Borispil – Berlin-Schönefeld,” the airport said.
The airline will operate four flights a week on this route.
Taking into account the flight to Poland’s Bydgoszcz, Ryanair offers flights from Kyiv to six Polish cities and one destination each to Germany, Spain, Lithuania, Slovakia, Great Britain and Sweden, as well as two destinations from Lviv to Germany and Poland and one to the U.K.
Komtranskomplekt LLC (Kyiv), the official distributor of Isuzu vehicles and spare parts in Ukraine, has acquired 100% of shares in private joint-stock company Isuzu Ukraine automobile company (Kyiv), which sells Japan’s Isuzu trucks. According to a report in the information disclosure system of the National Commission for Securities and the Stock Market, Isuzu Ukraine received the notification on August 26. The deal to sell 25% of the company (the face value of each share is UAH 1,000) was signed in May 2018.
According to the commission, as of late Q2 2018, 80% of shares in PrJSC Isuzu Ukraine belonged to Japan’s Isuzu Motors and 20% to Sojitz Corporation.
Isuzu Ukraine automobile company was founded in 2007 to promote Isuzu-Bogdan buses and trucks to the Ukrainian and CIS markets. Bogdan Corporation held 50% of the shares, Isuzu Motors – 30% and Sojitz Corporation – 20%. In 2013, Bogdan Corporation left the company as a shareholder.
