Myronivsky Hliboproduct (MHP) in the first quarter of 2018 received $90 million of net profit, which is 1.6 times more than for the same period in 2017.
According to the holding report on the website of the London Stock Exchange (LSE), its revenue increased by 10%, to $306 million, export revenue was $162 million (53% of the total revenue).
Operating profit decreased by 16%, to $62 million, EBITDA by 4%, to $89 million, gross profit by 6%, to $81 million compared to January-March 2017.
As reported, MHP sold 135,307 tonnes of poultry in January-March 2018, which is 9% more than in the same period of 2017. Export sales of the agricultural holding increased by 28% in the first quarter, to 63,140 tonnes, while the volume of sales in the domestic market fell by 4%, to 72,160 tonnes.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grain, sunflower oil, and meat.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
One troy ounce=31.10 grams
Ukraine in January-March 2018 purchased nuclear fuel for a total of $96.409 million, which is 20.6% less than a year ago ($121.458 million).
According to the State Statistics Service, for this period Ukraine purchased Russian fuel for $67 million and that of Swedish production for $28.415 million.
Thus, Ukraine’s purchases of nuclear fuel for the first three months of 2018 from TVEL (Russia) in monetary terms accounted for 70.5%, from Westinghouse (Sweden) for 29.5%.
As reported, Ukraine in 2017 purchased nuclear fuel for a total of $533.422 million (from Russia for $368.964 million and Sweden for $164.458 million), in 2016 for $548.81 million (from Russia for $386.782 million, from Sweden – $162.28 million), in 2015 – $643.57 million (from Russia for $610.883 million, Sweden – for $32.688 million), in 2014 – for $628.176 million (from Russia for $588.831 million, Sweden – for $39.345 million), in 2013 – for $600.596 million (all from Russia), in 2012 – for $ 600.334 million (from Russia for $555.355 million, Sweden – for $44.979 million).
The operator of all four operating nuclear power plants in Ukraine is the state-owned enterprise National Nuclear Generating Company Energoatom, which acquires nuclear fuel under contracts with TVEL (Russia) and Westinghouse Electric Sweden (Sweden).
Private joint-stock company Otis (Kyiv) plans to send all net profit for 2017 to pay dividends – UAH 18.835 million or UAH 27.98 per share.
The company reported that the issue will be discussed at an extraordinary general meeting of its shareholders scheduled for June 4, 2018.
ОТІS Investments L.L.C. (Wilmington, Delaware, the United States) would receive UAH 18.411 million and Liftovyk Society LLC – UAH 424,056.
In 2017, Otis cut net profit by 63% in 2017, to UAH 18.834 million and revenue fell by 35.8%, to UAH 477.87 million.
S&P Global Ratings has affirmed its ‘B-‘ long-term issuer credit rating on the Ukrainian capital city of Kyiv. The outlook is stable, S&P has said in a press release.
After debt restructuring, the city of Kyiv has no commercial debt, and its direct debt consists of intergovernmental obligations to Ukraine’s central government. The city’s cash reserves will likely remain high and serve as a buffer in case the city needs to support its government-related entities, S&P said.
The stable outlook reflects our view that, in 2018-2020, Kyiv’s strong budgetary performance and solid cash position will counterbalance institutional uncertainties and the potential crystallization of contingent liabilities.
