In January-September 2023, the state-owned company for the import and export of military and special services Ukrspetsexport earned a net profit of UAH 88.28 million, almost three times more than in the same period in 2022 (UAH 22.21 million).
According to the interim financial report of the state-owned company in the NSSMC disclosure system, net income increased by 91.9% to UAH 22 billion 028 million.
The company earned UAH 196.08 million in profit from operating activities, up 2.3 times, and gross profit doubled to UAH 1 billion 113 million.
At the same time, according to the company’s report to the NSSMC, in the first half of this year, Ukrspetsexport increased its net profit by 3.5 times compared to January-June 2022, to UAH 66.75 million, with net income growing by 2.8 times, to UAH 15 billion 159 million.
Thus, according to the results of the third quarter, the net profit of the state-owned company increased 7.3 times by July-September 2022 to UAH 21.53 million, while net income increased by 14.8% to UAH 6 billion 869.5 million.
As reported, in March 2022, Ukrspetsexport and its two subsidiaries, the specialized foreign trade company Progress and the foreign trade enterprise Spetstechnoexport, were temporarily excluded from the state concern Ukroboronprom and transferred to the Ministry of Defense by a government decision.
According to the National Securities and Stock Market Commission, in 2022, the state-owned company reduced its net profit by almost 2.5 times compared to 2021, to UAH 49.87 million, and its net income increased 12 times, to UAH 24 billion 174 million.
At the beginning of this year, the company employed 366 people (427 a year earlier).
Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, increased sales of its main products in dollar terms by approximately 42.4% in 9M2023 due to higher prices for eggs and liquid egg products and increased sales of liquid egg products.
According to the operational report on the Warsaw Stock Exchange on Thursday, compared to 9 months of last year, the number of eggs produced was 3.5% less – 1,148 million, of which 734 million eggs were sold in shells (-10.9%). At the same time, exports in the egg segment increased to 280 million from 223 million, and its share in egg sales rose to 38% from 27%.
At the same time, the average selling price of shell eggs in dollar terms increased to $0.114/egg from $0.076/egg a year earlier.
According to the report, during the reporting period, Ovostar increased egg processing by 4.4% to 354 million eggs. The output of dry and liquid egg products amounted to 1906 tons and 9374 tons, respectively, while a year earlier this figure was 2239 tons and 7609 tons.
Sales of dry egg products amounted to 1822 tons, up 13.1% year-on-year, of which 1300 tons, or 71%, were exported, compared to 1083 tons and 67%, respectively, a year earlier.
Sales of liquid egg products increased by 20.4% to 9,053 tons, of which 44% or 3,986 tons were exported, while in the first nine months of 2022 Ovostar exported 41% of its liquid egg products, or 3,117 tons.
It is specified that the average selling price of dry egg products decreased slightly to $8.59/kg from $8.63/kg in January-September 2022, while the average selling price of liquid egg products increased by 31% to $2.40/kg.
These figures bring the sales volume of main products in January-September this year to $168.3 million, which is 42.4% higher than in January-September 2022. Sales growth was 56.1% in the first half of the year and 68.1% in the first quarter.
The company also reported an increase in the number of poultry by 8.5% to 7.42 million, including laying hens by 9.2% to 6.28 million.
“Despite the ongoing war in Ukraine, the Group managed to increase its livestock by 8% year-on-year in the first 9 months of 2023. The management is working to bring the production and sales structure in line with the market situation, which has led to good operating results,” commented Boris Belikov, CEO of the company.
As reported, in 2022, Ovostar reduced its egg production by 9% to 1.55 billion eggs, and sales by 6% to 1.08 billion eggs. At the same time, sales of dry egg products decreased by one third to 2.13 thousand tons, and liquid egg products by 26% to 10.62 thousand tons.
In 2022, the company earned $6.09 million in net profit, which is 3.7 times more than in 2021. Its revenue increased by 1.7% to $135.63 million last year.
In the first half of 2023, Ovostar earned $20.63 million in net profit, while the same period in 2022 ended with a net loss of $19.78 million. Its revenue for the first six months of this year increased by 56.8% to $88.69 million, mainly due to higher prices for its products.
Ukraine’s largest mobile operator Kyivstar will focus on the development of LTE technology. (Long Term Evolution – wireless network with higher requirements and bandwidth from 10 Mbps), by 2026 the coverage level in Ukraine will be brought to 98%.
“Our goal is to achieve 98% LTE coverage by population by 2026. It’s different now, depending on the region. But, for example, in the Kiev region it is 97%, and on the highway Kiev-Chop 95%”, – said the President of “Kyivstar” Alexander Komarov to journalists.
He specified that increasing the coverage even by 1% requires huge efforts and construction of hundreds of new sites (sites), including greenfield (from scratch, – IF-U).
“Kyivstar is implementing the “LTE everywhere” project in Ukraine, including the $600 million investment from its parent company VEON, Komarov specified.
“We believe that this will be the key technology for the next 5-7 years. It will transmit the largest amount of internet or data of our consumers. That is why we are implementing this project now, and its main focus is coverage”, – specified the president of Kyivstar.
According to him, Kyivstar focuses on three key areas: network development, technology development, and improvement of communication quality. Among other things, Kyivstar is developing PON technology (modern technology of high-speed data transmission via fiber-optic communication lines, which implies connection of all subscribers’ devices through one optical cable and gives an opportunity to simultaneously use several telecommunication services: Internet, TV and telephone – IF-U).
Komarov noted that since new technologies require an increase in the number of sites, through construction, the number of sites has already reached pre-war levels.
“As I said, we are actually building many times more than our competitors – bigger and faster. I will tell you this: despite the loss of 7% of the network (due to the full-scale invasion of the Russian Federation – IF-U) we are currently serving the same number of sites as we were before the war. The part that we lost, we have already fully resumed,” Komarov said.
“Kyivstar is Ukraine’s largest electronic communications operator, serving 24 million mobile subscribers and more than 1.1 million Home Internet subscribers as of September. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, services for cyber defense, and digital TV.
Kyivstar’s shareholder is the international VEON group, whose shares are listed on the NASDAQ (New York) and Euronext (Amsterdam) stock exchanges.
The number of objects in the active stage of realization in the Kiev region for the year increased by 8.3%, up to 221, in the capital decreased by 4%, down to 175, said the founder of M4U Vladimir Danilenko to the agency “Interfax-Ukraine”.
According to analytical data of the company M4U, in 2023 prices in the primary real estate market have not changed significantly.
“In October-2023, the average cost per square meter of primary real estate in Kiev is 61.8 thousand UAH. This is only 2.2% more than in October last year, and 0.3% less than at the beginning of this year. In the Kiev region, the average price per square meter rose to 32.3 thousand UAH, which is 2.3% higher than in the corresponding period last year and 1.8% higher than at the beginning of the year”, – said Danylenko.
He added that in the capital the number of new buildings in the active stage of construction continues to decline: a year ago there were 185, at the beginning of the year 182, now 175. As before, the most residential complexes in the active stage of construction and sales are located in Goloseevsky (28 LCD), Pechersky (27) and Shevchenko (25) districts of Kiev. The least of all – in Desnyanskyi (10), Svyatoshynskyi and Obolonskyi (11 each) districts. The majority of offers in the market are concentrated in the price range of 36-44 thousand UAH/sq. m, among them traditionally prevail offers of comfort class apartments.
“If we look at the schedule of price changes during the year, we will notice a slight correction in almost all classes. The decrease in the cost per square meter began in March, but in late summer-early fall prices began to recover to the level of the beginning of the year,” said Danilenko.
For example, a square meter of economy-class real estate for the year rose in price by 5.2%, to 35.64 thousand UAH, but compared to April this year has fallen in price by 1%.
In comfort class the changes are quite insignificant: +1% for the year and only +0.7% for six months, now UAH 45.1 thousand. In business class real estate today costs an average of UAH 73.9 thousand per square meter – 2.2% less than a year earlier and 6.3% less than at the beginning of this year.
In the segment of elite real estate (142.6 thousand UAH/sq. m) also continues to decrease in prices: by 2% compared to the same period last year, by 2.8% compared to the beginning of 2023. The biggest decrease in this segment was observed in spring, since then a square meter went up by 2.9%.
According to Danilenko, the reasons for this correction are traditional for recent times: a slight change in the exchange rate (affecting part of the supply, where prices are linked to the exchange rate), which came in April-July, the reaction of developers to a decrease in demand during and after the May strikes.
“Last year, the main reason for the price increase was the rise in production costs, adjustment of project estimates. This year both currencies and the economic situation in Ukraine are generally more stable, and market factors of price growth are absent. Moreover, the vast majority of developers, in an effort to attract customers, offer larger or smaller discounts on real estate. This leads to periodic price fluctuations, for example, in the “business” and “elite” segments, where the margin allows such actions,” he said.
The expert stated that the market is gradually changing under the influence of wartime realities. The answer to the increase in demand for more budget housing, including with repair, is likely to be the reorientation of part of the demand to the nearest suburbs, as it was in 2014-2015.
In Kyiv region the number of objects in the active stage of realization for the year increased by 8.3%, up to 221. However, this is still below the pre-war figures – in January 2022 there were 263 such objects.
“To restore work somewhat more actively, compared to the capital, suburban developers are helped by participation in the program “eOselia”. In Kyiv region there are much more objects that meet the criteria of the program, and due to the more affordable price they are in high demand, in particular among internally displaced Ukrainians,” explains Danylenko.
The average price per square meter in Kyiv region rose to 32.3 thousand UAH, which is 2.3% higher than the prices of the corresponding period last year and 1.8% higher than the prices of the beginning of the year.
According to M4U research, unlike Kyiv, most real estate segments in the region demonstrate an upward trend. The only exception is business class, but even there the cost per square meter has been growing over the last three months – up to UAH 35.2 thousand (less by 4.9% than a year ago, but 3% higher than in July-2023).
A square meter of economy class in the suburbs rose in price to UAH 28.3 thousand, or by 5.3% compared to October last year, and for the last six months – by 0.9%. In comfort class (UAH 31.6 thousand) for the year the average price growth amounted to 5.6%, for six months – 4.1%. In the segment of real estate positioned as elite (UAH 45.8 thousand), the price increased by 3.6% over the year, of which by 1.9% over the last six months.
Most apartments are sold in the price range of UAH 26-32 thousand per square meter. As in Kyiv, most of them belong to the comfort class. Most of all new LCDs are being built and sold in Irpen (39 LCDs), Sofievska Borschagivka (20) and Bucha (14).
“The clients’ orientation to the optimal combination of price on the one hand, risk assessment and services of the housing estate on the other hand. Probably, the trend of the next year and a half will be the search for optimal construction formats that combine speed, versatility of design solutions and relatively low cost. We expect that these will be projects in the comfort class and social housing,” the expert predicts.
Established in February 2020, the Ukrainian proptech company M4U specializes in the development and implementation of complex intellectual solutions in real estate development.
Kyivstar, Ukraine’s largest mobile operator, intends to invest up to $10 million in creating an ecosystem of services for patients in the healthcare sector based on Helsi (Healthy Ukraine LLC).
“Our focus is on the development of digital services based on the telecom service we provide to our customers. A good example is our investment in Helsi. We invested in a small company, which at the first stage was an information system for medical institutions and patients. What are we doing now? We are investing to build an ecosystem of healthcare services for patients based on this connection. The investment in Helsi is up to $10 million,” said the president of Kyivstar.
He specified that the funding will be allocated as part of a total investment of about $600 million from the parent company VEON.
According to Komarov, the company is actively developing telemedicine services, which were used by more than 1.1 million people in the first half of 2023. In the near future, it is planned to launch functionality that will allow patients to track test results in the app and sign up for seasonal vaccinations.
Earlier it was reported that Kyivstar invested $3 million in the company’s development after purchasing a controlling stake in Helsi (Healthy Ukraine LLC) in August 2022.
Helsi is a medical information system and a leading digital healthcare provider, known as a provider of SaaS medical information system solutions for 1.3 thousand public and private clinics. “Kyivstar acquired 69.99% in August last year for UAH 555.74 million.
The number of employees has almost doubled to 240 over the past year. In the second quarter of 2023, Helsi increased the number of registered users to 25.4 million patients, up from 25 million a quarter earlier.
As of mid-October 2023, the number of active unique users in the app increased to 1.1 million, and including the web version – to more than 2 million Ukrainians, which is equal to the pre-war figures.
Since the beginning of the year, Helsi has introduced new services: urgent medical consultations, online chat with a doctor and exchange of medical documents, search for doctors and medical facilities nearby, vaccination calendar, and medical certificate service.
State-owned Ukrgasbank has signed new loan agreements under the state program “Affordable Loans 5-7-9%” for UAH 110 million with Ukrcable Group, a leading cable manufacturer in Ukraine, the financial institution’s press service reports.
“Loan funds totaling UAH 110 million will be used to conduct current business activities, including the purchase of raw materials and supplies for the production of cable and wire products and the rhythmic loading of new equipment, which was also partially financed by the bank,” the statement said.
It is noted that the agreements were concluded as part of the continuation of the 3-year cooperation under the state program.
The bank notes that Ukrcable Group companies actively cooperated with the Kotsiubyno village council, Irpin city council and several military units both during the occupation of Kyiv region and during the recovery.
According to the bank, Ukrcable actively cooperates with electricity producers and suppliers to provide electricity to the population during power outages across the country.
According to the company’s website, Ukrkabel LLC (Kotsiubynske, Kyiv region) is capable of producing 150,000 km of cable per year, with a total area of 60,000 square meters, including 28,000 square meters of production capacity. According to OpenDataBot, the ultimate beneficiaries are Volodymyr Dovbenko (33.34%), as well as Halyna Bondar and Oleh Melnyk (33.33% each).
According to the National Bank of Ukraine, as of September 1, 2023, Ukrgasbank ranked 4th in terms of total assets (UAH 168.6 billion) among 64 banks operating in the country, with net profit for the first half of the year amounting to UAH 2.6 billion.
In the third quarter, the state-owned bank’s network decreased by one branch and now includes 218 structural units across the country.
