Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, in 2020 increased its net profit by 36.6% compared to 2019, to UAH 351.81 million.
According to the corporation’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets grew slightly over the year to UAH 5.89 billion, and retained earnings amounted to UAH 181.04 million compared to an uncovered loss of UAH 329.25 million in 2019.
The total accounts receivable of Obolon over the last year increased by a quarter, to UAH 463.38 million.
In accordance with the statement, at the annual meeting of Obolon shareholders scheduled for April 22, it is planned to approve decisions on attracting Grant Thornton Legis LLC to the audit on the financial results of 2020 and directing the net profit received for the year to the production development.
In addition, it is planned to approve a decision on the implementation of significant transactions with a total value of up to UAH 14 billion, which can be used to conduct business in 2021.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of PrJSC Obolon is Ukrainian businessman and former MP Oleksandr Slobodian.
It was noted that low-alcohol drinks produced by Obolon in 2020 occupied a third of the Ukrainian market for this product.
Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer.
It includes the main plant in Kyiv and nine enterprises in the regions of the country.
The main brands are Obolon, Carling, Zlata Praha, Hike premium, Zibert, Keten, Hardmix, BeerMix, Desant, Zhygulivske, Zhyvchyk, Obolonska and Prozora. The corporation also produces low-alcohol drinks Rio, Gin Tonic, Vodka Lime, Whiskey Cherry, Rum Cola, Brandy Cola and Ciber.
President of Ukraine Volodymyr Zelensky is initiating the creation of the National Investment Fund in order to create favorable conditions for the implementation of large-scale investment projects, the development of international economic cooperation and increase the competitiveness of the Ukrainian economy.
Corresponding decree No. 103/2021 on the National Investment Fund was posted on the website of the head of state on Friday, March 19.
According to the decree, the Cabinet of Ministers was instructed, in the prescribed manner, to take measures to create the National Investment Fund and standardize the issues of its activities, in particular, regarding the determination of the activities of the fund, its management bodies and their powers, the procedure for the formation of the charter capital, sources of formation of the fund’s resources, the use of profit, monitoring the activities of the fund, conducting an independent audit.
The decree comes into force on the day of its publication.
National bank of Ukraine’s official rates as of 19/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 19
One troy ounce=31.10 grams
Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, in January-February this year increased the production of general rolled products, according to recent data, by 19% compared to the same period last year, to 660,000 tonnes.
As the enterprise told Interfax-Ukraine, steel production during this period increased by 3.7%, to 700,000 tonnes, cast iron by 15.2%, to 765,000 tonnes, and sinter by 14.3%, to 2.152 million tonnes.
In February, the plant produced about 300,000 tonnes of general rolled products, 340,000 tonnes of steel, 410,000 tonnes of cast iron, and 1.07 million tonnes of sinter.
Metinvest is a vertically integrated group of mining companies. Its main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
Foreign trade turnover by the most important positions in Jan-Nov 2020 (export).
