Structure of approved state budget income for 2023
CMU
The Kametstal plant of Metinvest mining and smelting group, based at Dneprovsky Iron and Steel Works (DMK, Kamenskoye, Dnipropetrovsk oblast), has shipped another batch of grinding balls to Polish consumers.
According to the company, the output of metal products for national and international customers is a reliable pillar of Ukraine’s economy.
“In November another batch of grinding balls – five cars – was shipped for Polish enterprises. Kametstal fulfills such orders of European partners systematically”, – is stated in the press release.
It is specified that the balls are niche demand products. They are needed for stable operation of mining and processing plants.
Kametstal operates two ball rolling mills which produce balls of different diameters. This year the production of grinding balls with the diameter of 80 mm was extended due to the special demand.
Before the war these orders were carried out by Azovstal, but now they have been transferred to Kametstal.
This year Polish consumers have already received 48 railcars of the products manufactured at the plant ball rolling mills, which amounts to more than 3 thousand tons of grinding balls of different diameters.
“We supply our products for needs of Metinvest Group mining and processing enterprises and we also fulfill orders of European consumers. This year we shipped more than 3 thousand tons of balls to Polish enterprises. Kametstal rolling workers are working to improve product quality and production efficiency to support the country’s economy in difficult times,” said Sergey Mishurin, deputy chief of the rolling shop at the axle-rolling and ball rolling mills section, who is quoted by the press service.
“Kametstal” was created on the basis of PJSC “Dneprovsky Coke Chemical Plant” (DKHZ) and the CEC of PJSC “Dneprovsky Metallurgical Plant” (DMK).
According to the report of the parent company of Metinvest Group for 2020, Metinvest B.V. (Netherlands) owned 100% of DKHZ.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest group.
Changes in consolidated budget expenditures in 2014-2022 (%)
NBU
Dnipropetrovsk Aggregate Plant JSC (DAP, Dnipro) finished January-September 2022 with net profit of UAH 33.57 mln, a 14.8% increase from the same period of 2021.
According to the financial statements of the company, published on Monday in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net profit increased by 6.7%, to 136.95 mln hryvnia.
The plant received almost UAH 50 mln of profit from operating activities, compared to UAH 43.6 mln a year earlier, while gross profit increased by 11.4% up to UAH 93.9 mln.
As it was reported, in the first half of the year DAZ increased its net profit by almost 40% against the same period of 2021 – up to UAH 31.25 mln, and net profit increased by 8% up to UAH 90.37 mln.
DAZ reduced its net profit almost threefold compared to July-September 2021, to UAH 2.32 mln, while its net profit increased by 4.2% to UAH 46.58 mln.
The company notes that in the third quarter inflationary processes continued, leading to higher prices for materials, equipment and energy resources, which reduces the ability to receive funds at a time when the need for them is growing.
DAZ also reminds that due to military aggression of the Russian Federation and introduction of martial law in Ukraine, production volumes and payments for manufactured products decreased, which negatively affects the financial condition of the company.
Founded in 1927, DAZ specializes in the production of aircraft equipment, hydraulic equipment for mines and general technical products. At the enterprise the complete cycle of aviation units production is created.
By the beginning of the current year the company employed more than 600 people.
In 2021, its net income increased by 17% to 173 million hryvnias, and its net profit by 17 times to 31.8 million hryvnias.
Changes in revenue of consolidated budget in 2014-2022 (%)
NBU
Flashpoint, an international technology investor in a B2B SaaS company that manages six funds with a total value of over $450 million, intends to raise a new Ukrainian Tech Fund of about $75 million focused only on Ukraine, Ihor Bilous, managing partner of the company, who once headed the State Tax Service and the State Property Fund of Ukraine, has said.
“We want to focus a little more on Ukraine… to raise this small fund of $75 million and have more founders from Ukraine build more businesses, invest in them,” he said at the Ukrainian Investment Roadshow conference last week in London.
Bilous said that the company is currently negotiating with leading international financial institutions and the British government about the possibility of financing this fund.
According to him, an advisory board has been created, which includes ex-Deputy Minister of Economy Nataliya Mykolska, CTO People.ai Andriy Axelrod, former adviser to the Minister of Economy and well-known in the field of direct investment in Ukraine Marko Ivashko, CEO and co-founder of Revenue Grid Vlad Voskresensky and Executive Director of the Ukrainian Association of Venture and Private Capital UVCA Dmytro Kuzmenko.
The fund will be able to invest $1-3 million in 12-15 companies at the lead stage, buying shares from 10% and actively participating in portfolio management.
“This is not charity, this is a real business. And we would like to invest today, without waiting for the end of the war,” Bilous said.
He said that the company currently employs 30-35 people, three of its four leaders are Ukrainians, and it is represented by headquarters in London and offices in New York, Warsaw, Budapest, Riga “and, hopefully, soon in Ukraine.”
According to the managing partner, the company has made 59 entries and 12 exits, has a broad base of more than 130 investors from different countries.
Flashpoint’s portfolio includes three companies from Ukraine, in which more than $17 million has already been invested, Bilous said. They are Preply, allset and All Right. However, more than 450 companies were analyzed and an in-depth analysis of 205 of them was carried out.
Flashpoint plans for 2027 to have 20 new portfolio companies in Ukraine with more than 1,000 specialists, as well as its own office in Kyiv, consisting of five people.
