PrJSC Ukrnaftoburinnia in January-March 2020 increased natural gas production by 19% compared to the same period in 2019, to 197 million cubic meters, oil and condensate by 13%, to 23,200 tonnes, the press service of the company has said.
In March, the volume of production amounted to 65.2 million cubic meters of natural gas and 7,600 tonnes of oil and condensate.
“Despite the global economic situation and strict quarantine measures, the company continues to increase production results and focus on modern technologies to maintain and increase production volumes,” the press service said citing chairman of the board Mykhailo Bakunenko.
At the same time, Ukrnaftoburinnia notes that the oil and gas industry is currently in a difficult situation, a possible forced reduction in investment in the sector could affect the level of hydrocarbon production. In accordance with this, the company sees the need for government support for the industry.
As reported, in 2019 the company increased production of natural gas by 38% compared to 2018, to 734.6 million cubic meters, oil and condensate by 21.5%, to 87,100 tonnes.
The head of the office of the National Investment Council of Ukraine, Olha Mahaletska, predicts a decrease in the interest of potential investors in regional airports, according to the website of the council. “Previously, one of the most attractive areas for investment was infrastructure, namely, concession of airports, but after the pandemic the world will change, the focus of interest will change. I do not think that now regional airports will be considered by potential investors as one of the most interesting topics,” she notes.
According to Mahaletska, the council is already conducting the sector analysis to understand which areas may be attractive to investors in the post-pandemic period.
At the same time, the council said, with reference to professor at Georgetown University Anders Aslund, that after the COVID-19 pandemic, the Ukrainian economy will be in a slightly better position than the economy of the European Union: while the EU will lose about 10% of GDP in 2020, Ukraine will lose about 8%.
The head of the office said that the timely introduction by the Ukrainian government of a quarantine was a very correct decision, which helped contain the spread of the disease in the country.
Meest China, which is part of Meest group of companies, has launched direct air delivery of commercial freight to Ukraine from China. Meest said on its Facebook page that flights will be operated on Beijing-Boryspil and Guangzhou-Boryspil routes twice a week. Cargoes are accepted in volumes of three cubic meters, which is convenient for small and medium-size entrepreneurs.
Meest Group (part of Meest Corporation Inc., Toronto, Canada) provides postal and logistics services in 20 countries in particular, Canada, the United States, Ukraine, Australia, Germany, Great Britain, France, Italy, Spain, Greece, Portugal, the Czech Republic, Poland, China, Kazakhstan, Georgia, Uzbekistan, Armenia, Azerbaijan, Israel.
In Ukraine, the group is represented by the postal and logistics operator Meest Express, which has been providing targeted delivery services since 2005.
The net profit of Arricano Real Estate Plc (Cyprus), the managing company and developer of a number of shopping and entertainment centers in Ukraine, amounted to $8 million in 2019, which is 4.7 times less than in 2018. According to a company report released on the London Stock Exchange, its revenue last year increased by 18.2%, to $37.3 million.
The losses from revaluation of Arricano’s investment property in 2019 were $12.2 million, compared with profit from revaluation of investment property of $42.25 million a year earlier.
“In connection with the increase in the hryvnia to U.S. dollar exchange rate in 2019, a loss from revaluation of investment property for the total amount of $12.2 million was reflected. This was more than fully offset by currency conversion adjustments related to investment property,” the company’s report said.
As a result, the total fair value of Arricano’s investment property increased by 11.9%, to $289.3 million as of December 31, 2019. The increase in portfolio value was mainly due to an increase in rental income from operating real estate.
In addition, the net value of assets jumped by 36%, to $127.9 million, or $1.24 per share.
Arricano Real Estate Plc specializes in construction of shopping and entertainment centers, it is one of the leading developers in the Ukrainian real estate market.
Official rates of banking metals from national bank as of April 27
One troy ounce=31.10 grams
PrJSC Volodymyr-Volynsky Poultry Factory (Volyn region), one of the largest poultry producers in Ukraine, intends to approve the payment of UAH 40 million in dividends for 2019.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders scheduled for April 28, the remaining part of retained earnings is to be fully used for the development of the company.
As reported, Volodymyr-Volynsky Poultry Farm in 2019 received UAH 131.65 million in net profit, which is 5.8 times more than in 2018. Revenue increased by 10%, to UAH 1.85 billion.
Last year, the company produced 55,250 tonnes of poultry for UAH 1.58 billion. The sales amounted to 49,250 tonnes for UAH 1.78 billion. Exports in total sales accounted for 2.62%.
Volodymyr-Volynsky Poultry Factory is a Ukrainian-Dutch enterprise, one of the five largest producers of chicken in Ukraine, occupying about 6% of the market.
