In January-April 2024, TAS Insurance Group (Kyiv) collected UAH 1279.69 million in insurance premiums, which is 47.2% more than in the first four months of last year.
According to the insurer’s website, motor hull insurance premiums amounted to 19.24% of the total or UAH 246.18 million, which is 30.2% higher than the corresponding figure for January-April 2023, MTPL premiums – 30.79% or UAH 393.98 million (+35%), Green Card – 31% or UAH 396.59 million (2.04 times).
In January-April, TAS Group collected UAH 116.7 million in premiums under voluntary health insurance contracts, which is 9.12% of the total premiums and 12.7% higher than the corresponding figure for the same period last year.
In turn, property insurance contracts attracted UAH 28.68 million of insurance premiums, which is 34.7% more than in the same period last year.
Under other insurance contracts for the four months of 2024, the company collected UAH 97.56 million in payments, an increase of 40.4%.
DTEK Energy’s machine builders manufactured and repaired 553 units of mining equipment in January-April this year, including six new tunnelling and shearers.
“Machine builders also provided 355,000 spare parts and components to meet the needs of Ukrainian miners,” the energy holding said in a press release on Tuesday.
According to DTEK Energy CEO Ildar Saleev, the company’s main efforts are currently focused on restoring the damaged and destroyed thermal generation, which suffered the most from Russian attacks on the power grid in the spring of this year.
“The next winter is a real challenge for all power engineers, as the power system has lost more than 8 GW of capacity due to Russia’s recent massive attacks. The volumes are enormous. And despite a significant drop in coal consumption by our thermal power plants, we are doing everything possible to maintain last year’s production volumes,” Saleev said in a press release.
As reported, in 2023, the company’s investments in Ukrainian coal mining amounted to about UAH 7 billion, which is almost twice as much as in 2022.
“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the company’s installed capacity in thermal generation amounted to 13.3 GW. The company has established a full production cycle in coal mining: coal mining and enrichment, mechanical engineering and maintenance of mine equipment.
Currently, more than 50% of DTEK’s thermal generation capacity has been destroyed as a result of Russian attacks.
A heat wave in Pakistan has triggered temporary school closures and power problems, the Associated Press reported Tuesday.
“The debilitating heat wave will continue this month,” said Zaheer Ahmed Babar, a senior member of Pakistan’s Meteorological Department. Temperatures could exceed the monthly norm by six degrees Celsius, he said. It will exceed 40 degrees Celsius in many parts of the country this week.
In Punjab, the country’s most populous province, all schools will not be open this week because of the heat wave, and about 18 million students will stay at home. Some parts of the country are experiencing hours-long power cuts.
On Monday, it was reported that the abnormal heat wave is also observed in neighboring India. In Delhi and areas adjacent to the Indian capital, temperatures have exceeded the 47 degrees Celsius mark in the last 24 hours. Authorities have declared a red, maximum, level of weather danger in the capital, as well as in the states of Rajasthan, Punjab, Uttar Pradesh and Haryana, where the previous day the temperature ranged from 43 to 46 degrees Celsius.
The heat wave is expected to continue in India for at least five more days.
Kharkiv Regional Council at the session on Tuesday amended the complex program “Development of local self-government in Kharkiv region for 2022-2024”, according to which 60 million UAH will be directed to help the AFU and other Defense Forces.
“Funds previously allocated for community projects within the framework of regional competitions “Effective Medicine in Society” and “Together in the Future” will go to support the security and defense forces of Ukraine”, – wrote the head of the Kharkiv Regional Council Tatyana Egorova-Lutsenko in her Telegram channel.
Vodafone Ukraine, the country’s second-largest mobile operator, increased its revenue by 13% to UAH 5.76 billion in January-March, compared to the same period last year, while net profit decreased by 12% to UAH 915 million.
According to a post on the operator’s website on Monday, Vodafone Ukraine’s revenue grew by 8% to $151 million in dollar terms, while net profit fell by 15% to $24 million.
OIBDA grew by 12% to UAH 3.18 billion and by 7% in dollar terms to $83 million. OIBDA margin decreased by 0.5% to 55.3%.
In January-April, capital investments decreased by 35% to UAH 815 million, and by 37% to $21 million in dollar terms. The company noted that capital expenditures in this reporting period decreased amid a 26% increase to UAH 5.65 billion in 2023.
Revenues from mobile voice and data services, fixed-line services, and sales of goods/services had a positive impact on the operator’s revenue. Roaming services had a negative impact, the company said.
In the first quarter of 2024, ARPU (average monthly revenue from fixed-line voice services per subscriber) increased by 8% to UAH 112.2 due to increased consumption of data and other services.
Vodafone Ukraine’s subscriber base grew by 2.7% to 15.8 million users. At the same time, in 2023, the operator’s subscriber base grew by 3.2% to 15.9 million compared to 2022.
“Throughout the reporting period, Vodafone Ukraine has seen stable dynamics in its subscriber base and operating performance,” the report says.
As of March 31, 2024, the company’s net debt amounted to UAH 10.068 billion ($257 million). The total nominal redemption amount of 5-year Eurobonds issued in 2020 as of March 31, 2024 is $100.1 million.
Earlier, Vodafone Ukraine CEO Olga Ustinova said that the company would invest UAH 10 billion in the development of mobile and fixed networks, transition to energy-efficient GPON Internet technology, and measures to increase energy independence over the next two years.
IMC Agro Holding has completed the spring sowing campaign of 2024, for which it has allocated 90 thousand hectares, according to its website.
According to the report, a total of 24.2 thou hectares of sunflower and 65.8 thou hectares of corn were sown.
“This year, we started sowing spring crops as planned on April 10, but during the first week of the sowing campaign we had to stop for 10 days due to unfavorable weather conditions (precipitation, low temperatures). We were able to resume sowing in full only at the end of April,” said Oleksandr Verzhykhovsky, Chief Operating Officer of IMC.
According to him, the company managed to complete the 2024 sowing campaign in close to the optimal timeframe thanks to a fleet of high-speed seeders and other modern equipment, as well as the coordinated work of the entire production team. The majority of the sown areas have already shown good growth.
IMC noted that it expects to meet its yield targets as it uses highly efficient technology with an intensive power and protection system.
“IMC is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The Group’s land bank is about 120 thousand hectares, with storage capacity of 554 thousand tons and a 2023 harvest of 1.002 million tons.
In 2023, IMC posted a net loss of $21.03 million compared to $1.12 million a year earlier, and its EBITDA decreased 11.3 times to $3.22 million. The holding’s revenue increased by 22.3% to $139.45 million.