PJSC Ukrtelecom whose 92.79% stake belongs to LLC ESU, which is controlled by Rinat Akhmetov’s System Capital Management (SCM), will not pay dividends for 2017. “It was decided that the profit the company generated last year will be used to cover losses accumulated over previous periods,” Ukrtelecom’s press service told Interfax-Ukraine.
In addition, shareholders re-elected the supervisory board together with its head, Leonid Netudykhata, who once headed the State Service for Special Communications and Information Protection, was Deputy Minister of Transport and Communications, and worked as Chairman of Ukrtelecom’s Board of Directors in 1997-2000.
“The shareholders confirmed the top managers’ course towards further modernization of the company and an increase in the share of revenue from new IP services,” the press service said.
As reported, PJSC Ukrtelecom completed 2017 with a net profit of UAH 867 million, which was 44.3% more than in 2016. The operator’s net income over the year increased by 1.7%, to UAH 6.654 billion.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 4.9%, to UAH 1.867 million, EBITDA margin rose by 1.8 percentage points, to 28.1%. The company’s capital investment decreased by 0.7%, to UAH 948 million.
Ukraine should simplify the procedure for import of medical equipment and medical products for signing long-term contracts with foreign producers after the completion of international purchases. Country Manager for Region Emerging East at Medtronic Stefan Linder told this to Interfax-Ukraine at the opening of the Odrex heart clinic in Odesa on Thursday, April 12.
“At present, the number of requirements and regulatory mechanisms that the Ukrainian side puts forward for medical products imported into its territory is so great that we cannot import them as easily as international organizations do. If this changes, then we will be very happy to agree to that long-term contracts with a national procurement agency,” he said. At the same time, he stressed the need to focus the efforts of the Ukrainian side on creating opportunities to “get independence from imports and create conditions within the country to meet the demand in the production of medical goods and medical equipment.”
Medtronic is one of the world’s largest companies engaged in the development and provision of medical technologies, services and solutions to relieve pain and restore health. Medtronic is headquartered in Dublin, Ireland. Medtronic provides services to doctors, medical institutions and patients in more than 160 countries.
One troy ounce=31.10 grams
PJSC Dnipro Coke and Chemical Plant (Kamianske, Dnipropetrovsk region) received a net profit of UAH 1.193 billion in 2017, compared to a net loss of UAH 273.26 million in 2016. According to the company’s official information to the agenda of a meeting of stockholders scheduled for May 14, last year the company’s undistributed profit amounted to UAH 1.391 billion.
The total amount of accounts receivable grew by 30.6 times last year, to UAH 2.806 billion, long-term liabilities by 35.4%, to UAH 124.146 million, and current liabilities by 3.9 times, to UAH 8.287 billion.
The value of assets in 2017 grew by 3.8 times, to UAH 9.973 billion, whereas the value of fixed assets shrank by 8.5%, to UAH 300.94 million.
As reported, Evraz-Dniprodzerzhynsk Coke and Chemical Plant at a stockholders meeting on September 18, 2017 changed its name to Dnipro Coke and Chemical Plant and was restructured from a public into private joint-stock company.
Ukraine can increase the supply of cherries to the markets of the EU and Asia in 2018 and expand the geography of exports of melons, the fruit and vegetable market analyst, Tetiana Hetman, has said.
“There will be attempts to enter the EU (Poland, the Baltic states) market with strawberries in May and autumn 2018. It is expected that exports of cherries to the EU and Asia will increase, as well as melons supplies would be expanded to new directions. For example, Kherson watermelons can go to the UK. The attempts were made in 2017,” she was quoted on the website of the Ukraine Horticulture Business Development Project (UHBDP).
According to the expert’s forecasts, this year exports of frozen raspberries will increase.
“Family farms bought poor quality planting material, and low-quality berries will be supplied to the market, low-grade raw material prices will be at or below cost, while Poles in the border zone are now building a lot of bases and they will demand quality raw materials, so the price will be kept for high-quality raw materials,” Hetman said.
