Business news from Ukraine

Business news from Ukraine

Aviation industry enterprise “FED” received a net income of UAH 228.18 million

The aviation industry enterprise FED JSC (Kharkiv) in January-June 2022 received a net income of UAH 228.18 million, which is 2.7 times less than in the same period of 2021.
According to the interim financial statements of the enterprise, published in the information disclosure system of the National Commission for Securities and Stock Market (NCSM), its net profit in the first half of the year decreased by almost 9 times – to UAH 19.84 million.
FED received UAH 26.48 million of net profit from operating activities against UAH 223.3 million a year earlier, while gross profit decreased 3.4 times, to UAH 88.36 million.
The report notes that the suspension of the company’s activities during the war period affected the financial statements, resulting in, in particular, a decrease in revenues. At the same time, the report does not indicate the period for which the work was suspended.
According to the company’s previously published statements for the first quarter of this year, its net income for this period decreased by 40% – to UAH 170.35 million, and net profit by 39% – to UAH 40.12 million.
Thus, in the second quarter of this year, the FED received a loss of UAH 20.28 million against a net profit of UAH 110.19 in April-June 2021, and net income decreased by 5.8 times to UAH 57.83 million.
JSC “FED” is one of the leading enterprises in Ukraine, specializes in the development, production, maintenance and repair of units for aviation, space and general engineering purposes. Export geography includes EU countries, China, South Korea, India, UAE.
In 2021, according to preliminary data, the company increased its net profit by 55% by 2020 – up to UAH 395.37 million, net income has not yet been made public.
By the beginning of 2021, the company employed more than 940 people.
More than 98% of the shares of JSC “FED”, according to the National Securities and Stock Market, belongs to the head of the board Viktor Popov.

, , ,

IC “INGO” provided 17% more medical services in August than in July

INGO Insurance Company provided 17% more medical services in August than in July, according to the website of the insurer.
It is also noted that the intensity of seeking medical care in August increased to 1.3 thousand per day.
In August, the company paid the insured UAH 25 million for all these services and medicines against UAH 17.8 million in July. Most of all, the IC paid for medical consultations (+21%), medicines (+22%), and instrumental diagnostics (+23). At the same time, dental care and payments for ophthalmology decreased by 3% and 8%, respectively. In addition, payments for hospitalization services (+13%) and fortification (+68%) increased.
“INGO” is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), a member of the American Chamber of Commerce (ACC), the European Business Association (EBA) and the International Chamber of Commerce (ICC).

, ,

Passenger flow through the western border of Ukraine in June 2022, thousand (graphically)

Passenger flow through the western border of Ukraine in June 2022, thousand (graphically)

Data: State Border Service

,

Grain deal made it possible to export more than 4.5 million tons of grain and agricultural products – UN

The Joint Coordinating Center (JCC) has authorized the movement of more than 400 vessels during its work within the framework of the Black Sea Grain Initiative, the UN reported.
“As of September 23, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 4,556,311 tons. In total, 420 ships have been allowed to move at the moment – 217 for arrival in Ukrainian ports and 203 for leaving them,” – the message says.
It is noted that on September 23, 12 ships with more than 200 thousand tons of food left Ukrainian ports after receiving permission from the SKC.
The UN explained that five ships – Zeko Y (8.2 thousand tons of wheat), Olma (5150 tons of soybeans), Merry M (4450 tons of sunflower meal), Gudena (3860 tons of sunflower oil), Nil Demir (3, 7 thousand tons of peas) – went to Turkey.
In addition, the Sea Dove (33 thousand tons of corn) and Lady Ayana (27 thousand tons of corn) ships sailed for Italy, the Fortuna dry cargo ship (10,252 tons of sunflower meal) – for France, the Gem Star ship (31,039 tons of corn) – to the Netherlands.
Dry cargo ship Mo Gan Shan (57,311 tons of wheat) was poisoned in Bangladesh, the ship Mavka (11,950 tons of sunflower oil) – in Romania, Tzarevich (10 thousand tons of sunflower meal) – in Bulgaria.
On July 22, in Istanbul, with the participation of the UN, Ukraine, Turkey and Russia, a document was signed on the creation of a corridor for the export of grain from three Ukrainian ports – Chornomorsk, Odessa and Pivdenny.

, ,

Dynamics of balance of payments of Ukraine (USD mln)

Dynamics of balance of payments of Ukraine (USD mln)

NBU

,

Ukraine deprives Iranian ambassador of accreditation

The Ukrainian side has decided to deprive Iranian Ambassador Manuchehr Moradi of diplomatic accreditation in Ukraine, and also reduced the number of diplomatic personnel of the Iranian embassy.
According to the speaker of the Ministry of Foreign Affairs of Ukraine Oleg Nikolenko on his Facebook, this measure was taken by the Ukrainian Foreign Ministry in pursuance of the instruction of the President of Ukraine Volodymyr Zelensky to take urgent measures to respond to the facts of the use of Iranian-made weapons by the Russian troops on the territory of Ukraine.
In particular, on September 23, Charge d’Affaires of the Islamic Republic of Iran in Ukraine was summoned to the Ministry of Foreign Affairs of Ukraine.
“The Iranian side was told that the supply of Iranian weapons to Russia for further use by Russian troops against the Ukrainian civilian population and the Defense Forces directly contradicts the position of neutrality, respect for the sovereignty and territorial integrity of Ukraine, declared publicly by the top leadership of Iran. The supply of weapons to Russia for waging war against Ukraine is unfriendly an act that deals a serious blow to relations between Ukraine and Iran,” Nikolenko said.
In response to such an unfriendly act, the speaker of the Foreign Ministry notes, the Ukrainian side decided to deprive the Iranian ambassador in Ukraine of accreditation, as well as significantly reduce the number of diplomatic staff of the Iranian embassy in Kyiv.
As reported, on the evening of September 23, President of Ukraine Volodymyr Zelensky instructed the Ministry of Foreign Affairs of Ukraine to respond to the facts of the use of Iranian-made weapons by Russian troops.
The day before, on September 22, the command of the Air Force of the Armed Forces of Ukraine reported that seven UAVs were shot down by anti-aircraft missile units, four of which turned out to be Iranian-made Shahed-136 kamikaze drones. They were shot down in the Nikolaev region. The Russians also attacked Odessa and Dnepropetrovsk regions with Iranian drones.

,