Milkiland, a dairy group with assets in Ukraine, Russia and Poland, saw a 2.1-fold rise in net profit in January-March 2018 year-over-year, to EUR 2.38 million.
According to a report of the group on the website of the Warsaw Stock Exchange (WSE), revenue in Q1 2018 fell by 18.5%, to EUR 30.1 million, and gross profit – by 22.6%, to EUR 5.28 million.
In January-March 2018, the group saw EUR 74,000 of operating loss compared with EUR 3.61 million of operating profit a year ago.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 34.8% year-over-year, to EUR 1.58 million. EBITDA margin fell by 2 percentage points, to 5%.
The Russian market generated 67% of the group’s revenue or EUR 20.12 million, which is 19.8% less than a year ago. The Ukrainian market’s share was 25% of total revenue, a rise by 12.6%, to EUR 6.88 million. Poland occupied 8% of total revenue, a rise by 23%, to EUR 2.26 million.
Whole-milk dairy was the largest segment in terms of revenue and business segments EBITDA providing for c. 60% of revenue – EUR 18.19 million or 16% less year-over-year, cheese & butter segment contributed approximately 27% to the group’s total revenue – EUR 8.22 million (14% down). In ingredients segment, revenue declined 36% year-over-year to EUR 3.7 million depressed by unfavorable international global market conjuncture. It contributed c. 12% to the group’s total revenue.
The Agroliga Group (Kharkiv region) saw EUR 721,000 of net profit in January-March 2018, which is 29% more than a year ago.
According to a quarterly report of the company on the website of the Warsaw Stock Exchange (WSE) on Tuesday, revenue grew by 5.7%, to EUR 5.06 million, operating profit – by 11.8%, to EUR 663,000 and gross profit by 4.8%, to EUR 836,000.
Assets as of March 31, 2018 amounted to almost EUR 28.64 million.
Agroliga has been operating in the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grains, crushing sunflower seeds and dairy farming.
The Economic Development and Trade Ministry of Ukraine plans to start privatization of large state-owned enterprises (SOE) from the sale of Centrenergo, First Deputy Minister Maksym Nefyodov has said. “Centrenergo could be the first test case, and other facilities would follow it,” he said at a roundtable entitled “Ukraine on the Way of Privatization” in Kyiv on Wednesday.
Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov said that after Centrenergo, it is likely that other power supply companies would be privatized. He also said that the start of the privatization of large companies is planned for this autumn.
CENTRENERGO, ECONOMY MINISTRY, ENERGY COMPANY, PRIVATIZATION
KSG Agro saw $2.2 million of net profit in January-March 2018, which was a 9.7-fold rise year-over-year. According to a company report on the website of the Warsaw Stock Exchange (WSE), revenue over the period grew by 33.6%, to $3.9 million.
The company saw a 1.6-fold rise in gross profit, to $1.7 million, and a 2.4-fold rise in operating profit, to $2.6 million.
Assets as of March 31, 2018 totaled almost $61.88 million.
Revenue in the crop planting segment grew 2.6-fold in Q1 2018 year-over-year, to $232,000, and in the processing segment – by 14.9%, to $1.32 million, while in the livestock breeding segment it fell by 10%, to $2.26 million.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.
Ukraine boosted natural gas consumption in January-April 2018 by 4%, or 600 million cubic meters (mcm) year-over-year, to 15.8 billion cubic meters (bcm). In particular, the industry consumed 5 bcm of gas (a 25% increase from January-April 2017), while households, municipal heat suppliers and budget organizations used 9.6 bcm (a 4% decrease), the Ukrainian Energy and Coal Ministry has said.
Some 1.2 bcm of gas was used for production and other needs (no change year-over-year). As was reported earlier, Ukraine in 2017 reduced natural gas consumption by 0.5%, or 161 mcm of gas from 2016, to 32.2 bcm.
The European Parliament’s Committee on Foreign Affairs has voted in favor of a new, fourth Macro-Financial Assistance (MFA) for Ukraine, Ukrainian Finance Minister Oleksandr Danyliuk has said. The MFA should also be considered by European Parliament’s Committee on International Trade, he said. “I hope for tomorrow’s support amid voting by the European Parliament’s Committee on International Trade, where three weeks ago, [I] jointly with Commissioner of the European Commission Pierre Moscovici presented the importance of the next macro-financial assistance program for the Ukrainian economy and the continuation of the reform process,” Danyliuk wrote on Facebook on May 16.
As reported, under the third MFA, Ukraine received two tranches from the EU to the tune of EUR 1.2 billion out of the earmarked EUR 1.8 billion. The EC refused to grant a third tranche, as the country’s authorities had fulfilled only 17 of the 21 conditions.
In March 2018, the European Commission approved a fourth macro-financial assistance program for Ukraine worth EUR 1 billion, which is subject to approval by the European Parliament and the Council of the European Union.
