Business news from Ukraine

Business news from Ukraine

LIFECELL SEES INCOME RISE BY 14.2%

The mobile communications operator lifecell increased operating income by 14.2% to UAH 1.746 billion in July-September 2020 (compared to UAH 1.529 billion in July-September 2019).
According to the operator’s press service, the net profit amounted to UAH 36.8 million for the specified period (in the third quarter of 2019, the net loss was UAH 338.3 million). EBITDA increased by 12.3% to UAH 909.8 million, EBITDA margin was 52.1% (for the same period in 2019, this indicator was 53%).
The operator lifecell’s active three-month subscriber base increased by 13% to 7.8 million subscribers in the third quarter and by 2.6% compared to the previous quarter.
At the same time, the active three-month base of users of high-speed mobile 4.5G Internet grew by 51% by the end of the third quarter of 2020 compared to last year and accounted for 60% of all users of data services. Accordingly, the average use of data traffic grew by 59% year to year.
The company’s active three-month ARPU increased by 2.1% in the third quarter of 2020 and amounted to UAH 76.3 compared to UAH 74.7 in the previous year. At the same time, the 12-month active MoU grew by 20.5% to 180.8 minutes (150.1 minutes in Q3 2019).
The operator lifecell’s capital investments increased by 57.1% to UAH 860.6 million in the third quarter of 2020 versus UAH 547.7 million in the third quarter of 2019.
“This quarter we achieved net income for the first time since the company had started operating in 2005. Our subscriber base is continuing to grow, smartphone penetration has reached 81%. The company has managed to gain such results despite all challenging circumstances like pandemic environment, uncompetitive market conditions and strong commitments to state related to fast 4G rollout. And I would like to assure you that we will continue to invest in Ukraine and to do everything we can to provide all our subscribers with best products and services,” Chief Executive Officer of lifecell Ismet Yazici said.

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UKRAINE SINCE START OF 2020/2021 AGRI-YEAR EXPORTS 17.4 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2020/2021 agricultural year (July-June) and as of November 9, exported 17.35 million tonnes of cereals and legumes, which is 3.59 million tonnes less than on the same date of the previous agri-year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 10.97 million tonnes of wheat (1.24 million tonnes down), 3.38 million tonnes of barley and 2.93 million tonnes of corn (2.2 million tonnes down) were exported.
As of November 9 this year, 62,600 tonnes of flour were also exported.

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UKRAINE REDUCES IMPORTS OF MANGANESE ORES BY MORE THAN HALF IN 2020

Ukraine, in January-October this year, reduced imports of manganese ore and concentrate in physical terms by 53.1% compared to the same period last year – to 481.409 tonnes.
According to statistics released by the State Customs Service, imports of manganese ore and concentrate decreased by 64.5% over the period – to $65.085 million in monetary terms.
At the same time, the main imports were carried out from Ghana (86.79% of supplies in monetary terms), the Russian Federation (9.72%) and South Africa (3.39%).
In January-October 2020, Ukraine exported 47,342 tonnes of manganese ore and concentrate for $7.152 million, while in the same period last year – 27.026 tonnes for $2.587 million. Exports and re-exports were carried out to the United States (81.89% of supplies), the Czech Republic (15.51%) and Hungary (1.76%).

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UKRAINE INCREASES IMPORTS OF NICKEL ORES BY 21.6%

Ukraine, in January-October this year, increased imports of nickel ores and concentrate in physical terms by 21.6% compared to the same period last year – up to 1,325,721 tonnes.
According to statistics released by the State Customs Service, imports of nickel ores increased by 19.7% – to $65.184 million in monetary terms.
At the same time, the import was carried out from Guatemala (65.17% of supplies in monetary terms) and Indonesia (34.83%).
In January-October-2020, Ukraine did not export or re-export these products, while in the same period of 2019 it supplied 7,999 tonnes of nickel ores to Greece in the amount of $312,000.

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UKRAINE INCREASES IMPORT OF ALUMINUM ORES BY 6.2%

Ukraine, in January-October this year, increased imports of aluminum ores and concentrate (bauxite) in physical terms by 6.2% compared to the same period last year – up to 4.03 million tonnes.
According to statistics released by the State Customs Service, during this period, the import of bauxite in monetary terms increased by 5% – to $190.937 million.
At the same time, imports were carried out mainly from Guinea (62.49% of supplies in monetary terms), Brazil (14.69%) and Ghana (14.30%).
In January-October 2020, 184 tonnes of bauxite for $29,000 were re-exported to Poland, while in 10 months of 2019, 22 tonnes were supplied to this country for $1,000.

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 10

Official rates of banking metals from national bank as of November 10

One troy ounce=31.10 grams

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