Ista Center (Dnipro), a producer of starter batteries, intends to use its net profit for 2021 in the amount of 154.85 mln hryvnia to cover the losses of the previous periods.
According to the draft decision of the general meeting of the company shareholders, scheduled for December 26, published in the NKTSBM disclosure system, Ista-Center does not plan to accrue and pay dividends.
According to the company’s information, net profit per one common share in 2021 was UAH 60.4 mln, whereas a year earlier it amounted to almost UAH 2.9 mln. Net profit in 2020 was 7.37 million hryvnias.
As of January 1, 2022, the company had retained earnings of 12.81 million hryvnias against an uncovered loss of 143.25 million hryvnias on the same date in 2021.
The shareholders also plan to approve the reports of the management bodies at the meeting, approve the main directions of development for 2022 and re-elect the supervisory board.
“Ista-Center”, operating since 1995, is one of the plants producing starter batteries in Dnipro (the other is DOZ “Energoavtomatika”).
According to the latest financial statement of the company, which was made public by the NCSSM, its net income in 2020 was 206.6 million hryvnias. By the beginning of 2021, the plant employed 135 people.
According to the NCSSM, as of the fourth quarter of 2021, Oberon-Center LLC (Dnipro) owns 40% of the shares in which, according to Opendatabot, over 75% belongs to Scotwind Limited, whose beneficiary is named Oleg Zimin; 23.0476% is owned by Battery Investment Corp. registered in Panama and 6.23% belongs to the Ista International Corporation (Belize).
Another 21.55% is owned by the state. As reported, the Ista Center was included in the list of facilities transferred by the Cabinet of Ministers to the State Property Fund for privatization, which was made public in August 2022.
Two ships carrying more than 33,000 tons of soybeans left Ukrainian ports on Friday, the Joint Coordination Center (JCC) reported.
“Two ships left Ukrainian ports on Nov. 25, carrying a total of 33,165 tons of soybeans as part of the Black Sea Grain Initiative,” the report said.
The dry cargo ship Port Alberni will carry 26,765 tons of soybeans to Spain, the ship CS Cihan will carry 6.4 thousand tons to Turkey.
SKC notes that 28 loaded dry cargo vessels are preparing to be inspected in Turkish territorial waters to proceed further to their destinations.
“As of November 25, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 11,940,672 tons. A total of 983 vessels were allowed to move so far: 489 to arrive at Ukrainian ports and 494 to leave them,” the JCC stressed.
Dynamics of balance of payments of Ukraine in 1998-2022 (USD mln)
http://www.minfin.gov.ua
The leaders of Romania, Bulgaria and Croatia have supported the “Grain from Ukraine” initiative announced by the president of Ukraine and announced further efforts to increase existing and create new transit corridors for the export of Ukrainian grain and other agricultural products.
“Since the beginning of the war, 8.4 million tons of grains and oilseeds from Ukraine have been transited (through Romania) to consumers in the world. We expect transit exports from Ukraine to increase in the coming months,” Romanian Prime Minister Nicolae Ciuca said in a video message at the international food security summit in Kiev on Saturday.
He noted that Romania has acted very strongly in support of Ukrainian grain exports through Romanian ports and will continue working to increase connectivity between the countries by land and rail, including the recent opening of a new border crossing.
Ciuche also stressed that Romania has and will not back down from supporting Ukraine and Moldova in the energy sphere. “We will not allow Russia to plunge the region into darkness,” he said.
Bulgarian President Rumen Radev said at the summit that Bulgaria has managed to transport about 200,000 tons of grain from Ukraine across the Danube in recent months, and the country intends to continue this transportation project.
“Unfortunately, the loss of power in Ukrainian ports due to Russian shelling has made this process difficult for Bulgarian vessels,” he said.
Radev also said Bulgaria is providing fuel to Ukraine so the country can support the agricultural and transportation sectors.
Croatian Prime Minister Andrea Plenkovic also supported work on new corridors for the supply of Ukrainian products as part of the EU’s Solidarity Routes project.
“Croatia is actively joining, and will attract other ports on the Adriatic and there are opportunities for corridors along the Danube River,” said the Croatian government head.
The three leaders welcomed the extension of the Black Sea Grain Initiative for another 120 days, and the Bulgarian president urged the search for stable long-term solutions.
The State of Qatar will allocate $20 million to buy agricultural products for African countries in the framework of the Grain from Ukraine initiative, announced by President Vladimir Zelensky at the G20 Summit last week, to help feed people around the world.
Sheikh Mohamed Al Thani, deputy prime minister and foreign minister of the State of Qatar, said this during a speech at the international summit on food security on Saturday.
“Qatar welcomes special programs and projects that promote food security and increase the sustainability of countries. We welcome the Grain from Ukraine initiative as it aims to help African countries get Ukrainian food exports. Qatar will allocate $20 million to support this initiative”, – emphasized the representative of Qatar.
He also reminded that the Qatar Foundation for Development will provide $12 million to the Horn of Africa to ensure food safety, and has already provided the UN World Food Program (WFP) with $90 million to feed famished people in Yemen.
In addition, Qatar has already allocated $5 million to the Ukrainian Ministry of Health for the purchase of ambulances and other medical equipment.
“Qatar remains a reliable international partner, and we support collective initiatives, international activities aimed at ensuring our country works effectively together with international partners to confront challenges that threaten specific communities and also pose a collective threat to humanity,” Sheikh concluded.
As reported, the humanitarian program Grain from Ukraine, announced by Ukrainian President Volodymyr Zelensky at a speech before the G-20, which will be implemented in partnership with the UN WFP, provides grain for at least 5 million people until the end of spring 2023.
Ukraine has decided to send part of its grain reserves under the program to those African countries where there are already problems of hunger. Part of the grain ready for export can be bought by the project participants, thus the international partners can simultaneously support the Ukrainian economy in a difficult situation and help poor countries in Africa.
The U.S. has already earmarked $20 million for the project implementation, while Germany and Japan are to contribute EUR 15 million, Belgium EUR 10 million, France EUR 6 million and Canada USD 30 million (about $22.4 million).
Dynamics of gold and foreign reserves of Ukraine from 2012 to 2022
http://www.minfin.gov.ua
