Solvent banks in Ukraine in January-February 2020 received UAH 15.9 billion in net profit, which is 1.8 times more than in the same period in 2019 (UAH 8.7 billion), according to data published on the website of the National Bank of Ukraine (NBU).
According to the report, the income of the banks in the first two months of this year increased by 17.7% against the figure for the same period last year, to UAH 46.2 billion. In particular, commission income rose by 16.5%, to UAH 10.7 billion, the figure from revaluation, sale and purchase transactions grew by 3.6 times, to UAH 7.9 billion.
At the same time, the banking system’s expenses for January-February 2020 decreased by 1% compared to last year’s indicator, to UAH 30.3 billion, in particular, payments to reserves decreased by 2.3 times, to UAH 1.3 billion, while commission expenses increased by 36%, to UAH 3.7 billion.
PrJSC DHL International Ukraine (DHL Ukraine, Kyiv), according to preliminary data, earned a net profit of UAH 17.434 million in 2019, which is 29.14% less than in 2018. According to the agenda of a general meeting of shareholders scheduled for April 30 in the Netherlands, its assets as of January 31, 2019 amounted to UAH 189.419 million, which is 11.1% more than on the same date in 2018.
The total receivables for the reporting period increased by 9.9%, to UAH 69.62 million, retained earnings increased by 16.26%, to UAH 124.67 million, net worth increased by 14.9%, to UAH 134.368 million, the charter capital was unchanged and amounted to UAH 9.698 million.
The number of company employees increased by 7.7%, from 352 to 380 people for the year.
DHL has been operating in Ukraine since 1991, specializing in express delivery and logistics. DHL Ukraine is part of DHL group of companies (Germany), the world leader in express delivery and logistics.
PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, has reached a 40% increase in sales of its Epikur brand due to the growth in demand for products since the beginning of quarantine measures in Ukraine, Head of the company’s supervisory board Alina Sych has said.
“In the conditions of market boom, the demand for poultry, as well as for many other food products, has grown by more than 50% and continues being high. Packaged products in the tray became more important, as these products are more biosafe,” she told Interfax-Ukraine.
According to Sych, this is not only because people are loading up on supplies in advance, but also most consumers mostly cook at home during quarantine.
The head of the company’s supervisory said that the sales growth of the Epikur brand increased monthly by 20%, and since the beginning of quarantine measures in Ukraine, the products had reached a 40% growth.
Sych said that in order to meet the growing demand, the poultry factory is operating at full capacity. “We try to keep prices at the same level, but due to a sharp increase in the exchange rate and an increase in the cost of goods and services as well, we are forced to respond to market fluctuations. For example, we buy chickens for rearing in the EU and the level of the euro affects the cost of production, which directly affects the price for consumers,” the head of the supervisory board said, adding that the price of Epikur products has increased from the beginning of quarantine by an average of 10%.
In connection with the coronavirus disease (COVID-19) spread in Ukraine, the poultry factory, as far as possible, transferred office workers to remote work, and for other employees, it strengthened preventive and control measures in line with the recommendations of the Health Ministry.
“We provided workers with masks and respirators, antiseptics are easy available. We regularly disinfect office premises, vehicles, and also follow other preventive measures. Now, it is impossible to enter the territory of the factory without a mask and temperature screening,” Sych said.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise. It is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing forage.
Official rates of banking metals from national bank as of April 1
One troy ounce=31.10 grams
Some 669 cases of acute respiratory disease COVID-19 caused by SARS-CoV-2 coronavirus were confirmed in Ukraine as of 10:00 on Wednesday, April 1, with 17 patients died and 10 recovered. “According to the results of studies of the virological reference laboratory of the Public Health Centre of Ukraine and regional laboratory centers, a total of 669 cases of COVID-19 have been confirmed. In total, 17 deaths from COVID-19 were recorded in Ukraine. A total of 10 people have recovered – a repeated laboratory study did not reveal the virus in the body,” the Center for Public Health reported on Facebook on Wednesday morning.
National bank of Ukraine’s official rates as of 01/04/20
Source: National Bank of Ukraine
