JSC “Zaporozhye plant of heavy cranes” (“Zaporozhkran”), the subsidiary of Finnish Konecranes, has finished 2022 with the loss of 124,31 million UAH, while in 2021 the net profit was 103,66 million UAH.
According to the information to the agenda of the general meeting of shareholders of Zaporizhkran on the results of work in 2021 and 2022, scheduled for April 28, its uncovered loss by the beginning of 2021 was 83.86 million UAH (a year earlier – 25.19 million UAH undistributed profit).
“Profit for 2021 shall be directed to cover losses of the previous periods and losses for 2022…Due to uncovered loss as of December 31, 2022 and absence of reserve capital, dividends for 2021 and 2022 shall not be accrued and shall not be paid”, – is said in the draft resolution of the meeting.
Last year Zaporizhkran decreased its current liabilities insignificantly (by 3.4%) – to UAH 533.82 mln, its long-term liabilities constituted UAH 7.69 mln (2.3 times less).
The assets of the company in 2022 decreased by 21.8% to UAH 538.91 mln, including the total receivables increased by 60.3% to UAH 96.36 mln, but reserves decreased more than twice to UAH 145.49 mln.
As of January 1, 2023 the shareholders’ equity of the company is “minus” 2.61 mln UAH, and the authorized capital – 6.41 mln UAH.
“Zaporizhkran was founded in 1928. Since 2005 its main shareholder is one of the leading world manufacturers of hoisting cranes and lifting devices – Finnish Konecranes.
The plant specializes in the production of overhead, gantry and special cranes and their components, is engaged in the production of metal structures.
According to the annual report of the company for 2021 in the information disclosure system of National Commission for Securities and Stock Market, its net income reduced by 39% compared with the previous year – up to UAH 470.72 mln, while the net profit increased by 15% up to UAH 103.66 mln. The share of exports was 99.7%.
By the beginning of 2022 the average number of employees at the plant was 359 people.
Ratio of number of Ukrainian migrants to population of recipient countries as of 31.12.2022, %
Source: Open4Business.com.ua and experts.news
In January-February 2010, the Tripolskij packaging plant (TUK, Ukrainka, Kyiv oblast), a subsidiary of the Rubizhne carton and packaging plant (Lugansk oblast), produced UAH 430.11 mln worth of products, which is 48.7% more than during the same period in 2022.
According to Interfax-Ukraine agency statistical data provided by UkrPapir association, during this period the mill produced 22.97 mln. sq. m of corrugated packaging, which is 29.8% more, which is the second result by volume of production after Kyiv Cardboard and Paper Mill (35.45 mln. sq. m).
In total, the main enterprises of the industry, which provided the data to the association UkrPapir, in January and February, produced 78.5 million square meters of carton packaging – 0.6% less than during the same period, which was almost before the war in 2022.
Before the full-scale invasion of Ukraine by Russia, Rubizhne carton factory together with TUK predominantly led the market of corrugated packaging manufacturers in Ukraine – in January-February 2022, both companies produced more than 28 million square meters of corrugated packaging (including TUK – 19.2 million square meters), and the total production volume in money terms was UAH 667 million.
After the destruction the plant in Rubizhne stopped, and the legal entity PJSC Rubizhne CPC was re-registered in Kiev.
TUK produces a wide range of corrugated products.
According to the resource opendatabot, PJSC “RKTK” owns 99.96% in LLC “TUK”, and the ultimate beneficiary is the general director of Rubizhansky KTK Hennadii Minin, who since September 2022 has also managed Tripoli packing plant.
More than 139,000 technology workers around the world have lost their jobs since the beginning of 2023, according to data compiled by Layoffs.fyi.
The figure has more than tripled since mid-January.
The data suggest that the number of tech-sector layoffs at the end of this year will far exceed the figure for 2022. So, since the beginning of the year, 498 tech companies have cut 139,033 thousand people. Last year, 1,024,000 companies laid off 154,34,000 employees, Layoffs.fyi reports.
Including this week, Meta Platforms Inc. (said it intends to lay off another 10,000 people as part of a cost-cutting program. The company has already cut more than 11,000 employees in November.
Tech companies that have announced layoffs this year include U.S. Palantir Technologies, Twilio Inc., DocuSign Inc., Salesforce Inc., Zoom Video Communications, eBay, Dell Technologies, PayPal Holdings, International Business Machines, Intel Corp., Microsoft Corp., Alphabet Inc. as well as Germany’s SAP and Sweden’s Spotify Technology.
The number of homes under construction in the U.S. in February rose 9.8 percent from the previous month to 1.45 million at an annualized rate, a five-month high, according to the country’s Commerce Department.
According to the revised data, the number of new buildings in January was 1.321 million, rather than the 1.309 million previously announced. Despite the revision, the January figure was the lowest since June 2020.
Experts had predicted an increase in the number of new buildings in February to 1.31 million from the previously announced January level, according to Trading Economics.
The number of new buildings was down 18.4 percent from February 2022.
The number of new home construction permits issued in the U.S. in February increased 13.8% to 1.524 million on an annualized basis from 1.339 million a month earlier. Analysts’ consensus forecast suggested that the number of permits in February would be 1.34 million.
Construction of single-family homes rose 1.1% last month, to 830,000. Permits for such homes rose 7.6%, to 777,000.
In the case of apartment buildings (including apartments and condominiums), a more volatile market segment, there was a 24.1% increase, to 608,000. The number of permits for construction of apartment buildings increased 21.1%, to 747,000.
