Business news from Ukraine

Business news from Ukraine

Elektronprylad will allocate UAH 21 mln for dividends in 2024

JSC Scientific and Technical Complex (STC) Elektronprylad (Kyiv), almost 91.77% of whose shares are owned by the state, will pay dividends in the amount of UAH 21.152 million, or UAH 0.77 per share, based on the results of 2024.

According to the company’s report in the NSSMC’s information disclosure system, this decision was made by the company’s shareholders’ meeting on April 30.

The dividend payment period is from July 1 to October 30 of this year.

As stated in the draft minutes of the general meeting, 75% of the net profit received in 2024 will be allocated to the payment of dividends. Another 25% of net profit will be allocated to expenses provided for in the company’s financial plan.

The company does not disclose its net profit for 2024, but according to Clarity Project, it amounted to UAH 28.203 million (in 2023 – UAH 6.36 million). Net income doubled to UAH 345 million.

NTK Elektronprylad specializes in the creation of onboard aviation equipment for aircraft. The company was established in 1962 on the basis of the automated control systems of Antonov Design Bureau.

The authorized capital of NTK Elektronprylad is UAH 6.785 million, and the par value of a share is UAH 0.25.

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Chervona Zirka’s profit increased by 66% in Q1 2025

In January-March 2025, PJSC Khimpharmzavod Chervona Zirka (Kharkiv) increased its net profit by 66% compared to the same period in 2024, to UAH 6.144 million.

According to the company’s disclosure to the National Securities and Stock Market Commission, its net sales revenue for the period increased by 27% to UAH 100.558 million.

Chervona Zirka is a Ukrainian manufacturer of medicines, therapeutic cosmetics, and dietary supplements.

According to the OpenDataBot system, the company’s net profit for 2024 amounted to UAH 24.063 million, which is 64% more than in 2023.

The ultimate beneficiary of the company is Elena Galkina.

IMK shares rose 15% after announcing dividends of EUR0.63 per share

During a conference call on May 22, the Board of Directors of agricultural holding IMC approved the payment of interim dividends based on the financial statements as of the end of March this year in the total amount of EUR 22.37 million (EUR 0.63 per share).

The agricultural group published information about the relevant decisions on its website.

IMK noted that when determining the dividends, it was taken into account that net profit for the first quarter of 2025 amounted to EUR 16.74 million, undistributed profit at the end of March was EUR 7.08 million, and issue proceeds were EUR 17.84 million.

Dividends will be paid on June 5 to shareholders as of May 29. Following the announcement of dividends, IMK shares rose by approximately 15%, or PLN4, to PLN31.9 per share (about EUR7.5).

IMK is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehousing segments. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is expected to be 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue increased by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

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Barley harvest in Ukraine to decline by 40% in 2025 — Pusk

In Ukraine, the 2025 season is expected to see a significant decrease in gross barley harvest due to a reduction in acreage and the impact of weather risks, according to the analytical cooperative Pusk, established within the framework of the All-Ukrainian Agrarian Council.

“This year, we expect a barley harvest of about 5.1-5.3 million tons, which is 40% lower than the pre-war level. This means a significant reduction in supply at the start of the season, and the market is gradually beginning to reflect this in prices,” analysts said.

Experts pointed out that demand for Ukrainian barley is increasing, especially from China, which is returning to the market, and Southern European countries. This creates the conditions for stabilization and even an increase in export activity.

“China has already contracted about 500,000 tons of Ukrainian barley for July-August, and European importers, in particular Spain and Italy, are also stepping up purchases. Traders are seeking to secure their volumes in advance, given the limited prospects for domestic production,” analysts said.

They also see potential for price increases in the second half of the year, especially if weather risks are confirmed and the harvest turns out to be even lower than forecast.

“At the start of the season, the price model shows a level of $200-205/tonne on a CPT basis, but by December-January, we can expect to see $230-240/tonne. The market is already showing a willingness to pay more for limited supplies of high-quality barley,” Pusk predicts.

KSG Agro increased its pig farming revenue by 64% to $8.9 mln

In 2024, the KSG Agro agricultural holding increased its gross revenue from pig farming to $8.9 million, which is 64% more than in the previous year, according to the press service of the agricultural holding.

“A 64% increase in profitability in a year, even in peacetime, can be considered a significant result. Even before the war, agricultural companies were accustomed to working with abnormal risks, including epidemics, crop failures, and climate change. The war has multiplied the unpredictability and the list of threats. Therefore, a high-quality risk management system is essential for agribusiness, and the current market position of our agricultural holding once again confirms this. We are ready to share our experience in risk and investment management during the war with other Ukrainian companies,” said Serhiy Kasyanov, chairman of the board of directors of the agricultural holding, as quoted by the press service.

According to him, the agricultural holding is developing vertical integration, regularly conducting stress tests of its business model, and adjusting its strategies. Ukrainian and European investors are responding positively to the agricultural holding’s obvious successes, considering it a highly profitable, albeit undervalued asset during the war.

The vertically integrated holding company KSG Agro is engaged in pig farming, as well as the production, storage, processing, and sale of grain and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions is about 21,000 hectares.

According to KSG Agro, it is one of the top five pork producers in Ukraine. In 2023, the agricultural holding company began implementing a “network-centric” strategy, under which it will move from developing a large location to a number of smaller pig farms located in different regions of Ukraine.

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EC has taken additional measures to prevent timber from Russia and Belarus from entering EU, according to head of State Forestry Agency

The European Commission has classified Russia and Belarus as countries with the highest risk level in accordance with the EU Regulation on the prevention of deforestation and forest degradation (EUDR), which is an additional safeguard against their forest products entering the European market, said Viktor Smal, head of the State Forestry Agency of Ukraine.

“The European Commission has published an updated list of countries classified according to risk level in accordance with the EUDR. Ukraine, like leading European timber producers, has been given low-risk status. This creates conditions for investors to come to Ukraine and attract investment, opening up new opportunities for Ukrainian exporters of furniture and other forest products, facilitating their entry into the European market. At the same time, Russia and Belarus are among the high-risk countries, which makes it even more difficult for their products to enter the EU. We are working to ensure that countries involved in gray import schemes for Russian timber are also included in the list of high-risk suppliers,” Smal emphasized.

He noted that despite the war, thanks to digitalization and reforms in the forestry sector, Ukraine has managed to obtain the status of a low-risk exporter on a par with Germany, Latvia, Finland, and Poland.

“This is the result of our systemic reforms and digital transformation in the forestry sector, in particular the introduction of such tools as e-logging tickets, e-certificates of origin, and e-TTN with photo documentation,” said the head of the State Forestry Agency.

As reported, in 2022, the EU imposed sanctions on imports of Russian timber, pulp, paper, other wood products, and furniture. This applies not only to imports from Russia but also to the trading of Russian timber through third countries.

According to an investigation by Earthsight, European furniture manufacturers have purchased more than 500,000 cubic meters of Russian-made birch plywood during the war, circumventing sanctions.

World Forest ID experts found that 46% of birch products supplied to the UK and labeled as originating from Ukraine, Poland, Estonia, and Latvia were actually produced in Belarus and Russia.

The EUDR, which will come into force for medium and large companies on January 1, 2026, stipulates that products imported into the EU must not contribute to deforestation or forest degradation. Countries are classified according to risk level — low, standard, and high. Low risk status simplifies exports, reduces the regulatory burden, and enhances the competitiveness of Ukrainian producers in the EU market.

https://interfax.com.ua/news/general/1074828.html

 

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