Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which belongs to Oleksandr Iaroslavskyi’s DCH group, increased its net profit in 2021 by 3.62 times compared with the previous year – up to UAH 1 billion 326.460 million from UAH 366.802 million.
According to the official information of the company to the agenda of the annual meeting of shareholders, scheduled for December 22, which will be held remotely, the undistributed profits at the end of last year amounted to 3 billion 418.682 million UAH.
The shareholders intend to summarize the results of work in 2021, approve reports and approve significant transactions of the company.
The draft resolution proposes to use the profit to replenish working capital.
At the meeting, there will be considered staff issues: termination of the power of the current members of the Supervisory Board and the Audit Committee and election of new members.
As reported, the Sukhaya Balka mine in 2020 decreased its net profit by 59.7% compared to the previous year – to 366.802 million UAH from 909.636 million UAH.
DCH Group acquired the mine from Evraz Group in May 2017.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It mines iron ore using the underground method. The mine includes the Yubileynaya and Frunze mines. Frunze.
“Sukhaya Balka” specializes in the extraction and production of marketable iron ore, which includes sinter ore (iron content 56-60%) and blast furnace ore (47% – 50%).
According to the NDU for the fourth quarter of 2021, Yaroslavskyy, who is listed as a citizen of the United Kingdom and a non-resident of Ukraine, directly owns 77.4193% of the mine, and a resident individual, Artem Aleksandrov, owns 20%.
The charter capital of Sukhaya Balka is UAH 41.869m, and the par value of a share is UAH 0.05.
British Finance Minister Jeremy Hunt presented the country’s new draft budget, noting that he is forced to make “difficult decisions” to provide the best “path to stability” for the economy.
According to Hunt, estimates by the Office for Budget Responsibility (OBR) of Great Britain show that a recession in the economy has already begun. Nevertheless, by the end of 2022 the British GDP is expected to grow by 4.2%.
The OBR forecasts for the U.K. economy in 2023 and 2024 were worsened, mainly because of high energy prices, he said.
British GDP is expected to decline by 1.4 percent in 2023 and increase by 1.3 percent in 2024. The OBR’s March forecasts called for growth of 1.8% and 2.1%, respectively.
Forecasts of economic recovery for 2025 and 2026 were improved to 2.6% from 1.8% and to 2.7% from 1.7%, respectively.
National inflation will be 9.1% this year and slow to 7.4% in 2023, OBR forecasts.
“They confirm that our actions today will lead to a significant slowdown in inflation from the middle of next year,” Hunt said.
He noted that his budget blueprint calls for two new rules.
“First, government debt as a percentage of GDP must decline in five years. Second, government borrowing over the same period must be less than 3 percent of GDP,” the Financial Times quoted Hunt as saying.
In the current fiscal year, Britain’s borrowing will amount to 7.1% of GDP, Hunt noted. The budget deficit, according to new estimates of the OBR, this fiscal year will be 177 billion pounds (March forecast – 99,1 billion pounds).
The U.K. government will keep the plan to subsidize household and business energy costs totaling 55 billion pounds, drafted by former Prime Minister Liz Truss and former finance minister Kwasi Kwarteng, Hunt said.
Hunt’s draft includes a number of tax measures that should increase budget revenues. In particular, it is planned to reduce the threshold of the annual income of Britons, which will be subject to the maximum tax, to 125.14 thousand pounds from the current 150 thousand.
In addition, the income tax and inheritance tax cuts planned by Kwarteng will be frozen. It is also expected to eliminate the excise tax exemption for electric cars starting in 2025.
The draft budget also includes an additional 2.3 billion pounds for education.
Heavy snowfall is expected in Kiev on Friday, in connection with which the Kiev city state administration urges residents to leave cars at home to prevent traffic jams.
“Weather forecasters are predicting heavy snowfall tomorrow. The snow will start tomorrow afternoon, intensify in the evening and will last until the middle of the day Saturday. Please do not create traffic jams. After all, snow removal equipment and cars of special services are also standing in them”, – said in the message of the KSCA.
The administration also urges Kyiv residents to take care of parking in advance and not to leave cars on the roadsides of streets and roads, so that road workers can overcome the consequences of precipitation.
“Pedestrians are reminded of reflective elements on clothing. Take care of yourself and be careful on the road,” summed up in the KSCA.
TAS Insurance Group (Kyiv) in January-October paid 738.9 mln. UAH of indemnities under the concluded insurance contracts, which is 20.8% less than the amount of payments made in 10 months.
Most of the payments with a share of 39.96% took CMTPL – 295.3 million UAH (-15.3%), CASCO with a share of 27.36% (202.17 million UAH, -32.5%), VMI with a share of 13.05% (96.4mln UAH, -30%) compared to January-October of last year.
The company paid out UAH 114,65 mln on policies “Green Card”, which amounts to 15,52% of the total indemnities of the insurer (-1,4%).
In turn, 7,4 mln UAH have been paid out for 10 months on property insurance contracts, and 22,95 mln UAH on other insurance contracts, which is 9,5% more than the corresponding figure for the same period last year.
War and the decline of the domestic market force the Ukrainian business to pay maximum attention to expanding exports and entering foreign markets, TAS Group founder Serhiy Tihipko said.
“Now we are starting to create a project as a monobank in Poland – it is a unique product,” he said at the Kiev International Economic Forum (KIEF) in Kiev on Thursday.
Tigipko recalled that currently monobank has 6.5 million customers and a significant part of them abroad.
The businessman said that before the war he did not pay enough attention to the development of export opportunities. “Those businesses that I had focused on the domestic market are a problem,” he described the current situation.
At the same time, Tigipko said that in war conditions it is possible to increase exports, in particular, the group’s wagon building companies have signed two contracts for Europe, one – a startup for the construction of innovative cars.
According to him, apple concentrate, metalware and nails have good prospects.
The businessman also noted the importance of diversification. “We have both industrial and financial (sectors), and agriculture – diversification has worked. I believed in it and I believe in it now,” he stressed.
Tihipko also complained that before the war, he did not pay enough attention to the reserves in case of crises. According to him, if there were more of them, now he could make more profitable deals, but he already bought 49% in one of the companies from one of the partners, and before that he bought a share from another partner because “people are rushing around”.
TAS Group was founded in 1998. The sphere of its business interests covers the financial sector (banking and insurance segments), industry, real estate, venture projects.
Soccer simulator for PlayStation FIFA 23 predicted Argentina’s victory at the 2022 World Cup in Qatar.
Games in the FIFA series have previously successfully predicted the winners of the 2010, 2014 and 2018 championships. This time, the game simulated all 64 matches to be played in Qatar in November and December and concluded that Argentina and Brazil would advance to the final, with Argentina winning 1-0.
The new version of the game used technology HyperMotion2, which provides ultra-realistic gameplay, as well as current FIFA ratings of all national teams in the world. If the prediction of the simulator is correct, Argentina and Brazil will meet in the World Cup finals for the first time in history.
FIFA 23 also predicted that the Golden Boot, the prize for the tournament’s best striker, would go to Argentine captain and French club PSG striker Leo Messi. He will score eight goals in seven matches, including the decisive goal in the championship final.
The situation will be more complicated with the choice of the winner of the Golden Glove, the prize for the best goalkeeper of the tournament. The game predicted Portuguese goalkeeper Rui Patriciu, Brazilian Alyson Becker, Croatian Dominic Livakovic and Argentine Emiliano Martinez would have an equal chance of winning the award. In the end, Martinez will receive the award as the player who has gone the furthest with his national team.
FIFA 23 also predicted some unexpected outcomes, such as the U.S. team out of the group in first place and leaving only in the quarterfinals and semi-final between Brazil and Portugal 0-0, with Brazil winning on penalties (5:4).
The third-place match will pit Portugal against reigning world champion France, who will win 4-2.
