Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 16.5 MLN TONNES OF GRAIN

As of November 2, Ukraine exported 16.55 million tonnes of grains and legumes since the beginning of the new 2020/2021 marketing year (July-June), which is 3.1 million tonnes less than on the same date last MY.
According to the information and analytical portal of agro-industrial complex of Ukraine, to date, 10.65 million tonnes of wheat (less by 1.03 million tonnes), 3.37 million tonnes of barley and 2.47 million tons of maize (less by 1.92 million tonnes) have been exported.
As of November 2 of this year, 62,700 tonnes of flour were exported as well.
As reported, Ukraine exported record 57.2 million tonnes of grains, legumes and flour in 2019/2020 marketing year, which is 13.5% more than in the previous marketing year.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/11/20

National bank of Ukraine’s official rates as of 03/11/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 03

Official rates of banking metals from national bank as of November 03

One troy ounce=31.10 grams

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LAVINA MALL SEES UAH 248 MLN OF NET LOSS

Lavina Mall LLC (Kyiv), the owner of Kyiv-based Lavina Mall located at 6, Berkovetska Street, saw a net loss of UAH 248 million in January-September 2020 against a profit of UAH 116.2 million for the same period in 2019.
According to the company’s information disclosure system of the National Securities and Stock Market Commission, its revenue fell by 17.8% to UAH 520 million.
At the same time, gross profit for the reporting period increased by 7.8% and amounted to UAH 307.7 million, while the financial result from operating activities amounted to UAH 20.2 million loss against profit last year.
The uncovered loss of Lavina Mall LLC increased almost threefold – to UAH 375.6 million.
Long-term liabilities of the company increased by 47.2% to UAH 2.37 billion, current liabilities increased by 19.8% to UAH 2.35 billion.
The assets of the enterprise increased by 21.5% – to UAH 5.1 billion.
Lavina Mall LLC was founded in 2013. The main activity is the leasing and operation of own and rented property.

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UKRNAFTA INCREASES NET LOSS 8.5 TIMES

PJSC Ukrnafta in January-September 2020 increased its net loss 8.5 times (by UAH 2.7 billion) compared to the same period in 2019 – up to UAH 3.9 billion.
According to the company’s information disclosure system of the National Securities and Stock Market Commission, its net income for nine months decreased by 24.6% (by UAH 5.2 billion) – to UAH 16.7 billion, gross profit – three times (by UAH 6.9 billion), up to UAH 3.5 billion