Business news from Ukraine

Business news from Ukraine

«Теофипольский сахарный завод» завершил 2024 год с убытком

ЧАО «Теофипольский сахарный завод» (Хмельницкая обл.), входящий в структуру ГК «Украина-2001», в 2024 году получил 177 тыс. грн чистого убытка против 3,181 млн грн чистой прибыли годом ранее.

Согласно повестке дня годового общего собрания акционеров, назначенного на 20 апреля в дистанционном режиме, акционерам предлагают утвердить результаты финансово-хозяйственной деятельности, убытки в размере 177 тыс. грн покрыть за счет прибыли общества в будущих периодах.

Акционеры должны заслушать и одобрить отчеты правления и наблюдательного совета, а также одобрить ряд заключенных в 2017, 2019, 2021 и 2024 годах договоров с участием ЧАО «Теофипольский сахарный завод», в частности с АО «Государственный экспортно-импортный банк Украины», ООО «Украина 2001» и ООО «Теофипольская энергетическая компания».

Кроме того, они должны предоставить разрешение на заключение в течение года договоров аккредитива на суммы, превышающие 25% и 50% стоимости активов общества по данным последней годовой отчетности.

По данным сервиса Opendatabot, ЧАО «Теофипольский сахарный» завод в 2024 году сократил доход в 1,7 раза, до 1,22 млрд грн, обязательства – в 1,4 раза, до 1,57 млрд грн, активы – в 1,4 раза, до 1,58 млрд грн, численность персонала – на 18 человек, до 400 сотрудников.

ЧАО «Теофипольский сахарный завод» входит в состав группы компаний «Украина 2001». Агрохолдинг владеет земельным банком в 41 тыс. га, которые расположены в Хмельницкой (36 тыс. га) и Николаевской (5 тыс. га) областях. Специализируется на свиноводстве (40 тыс. голов), разведении крупного рогатого скота (2,28 тыс. голов КРС, в том числе 1,19 тыс. голов молочного стада) и мелкого рогатого (1 тыс. голов) скота. Выращивает зерновые и технические сельхозкультуры, сахарную свеклу для собственного сахарного завода.

Перерабатывающая мощность сахарного завода – до 5,5 тыс. тонн/сутки сахарной свеклы. На Теофипольском сахарном заводе две производственные линии. Коэффициент автоматизации технологических процессов – 75-78%.

На территории сахарного завода в декабре 2017 года заработал биогазовый комплекс мощностью 15,6 МВт. Первая очередь комплекса мощностью 5,109 МВт работает на сахарном жоме. В июне 2018 года заработала 2-я очередь биогазовой станции еще на 10,5 МВт, которая перерабатывает кукурузный силос.

Владельцем «Теофипольского сахарного завода» является Вадим Лейви (17,9%), Вера Козова (9,9%), ООО «Фирма „Плутон“ (19,9%), ООО „Инвестконсалт 21“ (18,9%), ООО „Подолье-Консалт“ (13,8%), ПАО „Корпоративный инвестиционный фонд “Пионер» (10%).

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“DnSZ” to pay UAH 420 mln in dividends to shareholders

Dneprovsky Railway Switch Plant JSC (DnSZ, Dnipro) will pay dividends to shareholders totaling UAH 420 million from its net profit of UAH 540.4 million between April 22 and October 1 this year.

According to a statement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision was made by the general meeting of shareholders on March 26. Dividends will be paid at the rate of UAH 1.65 thousand per ordinary share of UAH 10.5.

As reported, based on the results of its operations in 2023, SESP paid UAH 112 million in dividends to shareholders (out of the net profit of UAH 510.86 million) at the rate of UAH 440 per share of UAH 10.5.

As of the end of 2024, 20.154% of the shares of DnSZ JSC are owned by Johnen Capital Limited (Cyprus), 5% are owned by Dnipro City Council member Zahid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of the shares, respectively, and another 18.2959% are owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF-U).

Among the shareholders who own more than 5% of the shares of DnSZ JSC are also the chairman of the board Sergiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valeriy Kryachko (7.3%).

DnSZ specializes in the production of track superstructure elements: switches, blind crossings of various brands, and leveling devices. The products are sold mainly in Ukraine and exported to more than eight countries.

As reported, in 2024, the plant increased its consolidated net income by 29.3% compared to 2023, to UAH 2 billion 380 million.

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In 2024, Poltava Oil Extraction Plant suffered UAH 61 mln loss

In 2024, Poltava Oil Extraction Plant, a part of Kernel Agricultural Holding, posted a net loss of UAH 61.06 million compared to UAH 27.06 million in net profit a year earlier.

According to the agenda of the annual general meeting of shareholders scheduled for April 18 in remote mode, the shareholders are proposed to approve the results of financial and economic activities, the loss of UAH 61.06 million to be covered in full at the expense of retained earnings of future years.

The shareholders are to hear and approve the report of the company’s board of directors and take into account the recommendations of the audit company Forum LLC in their further work. They will also review a number of contracts with raw material suppliers, which are used to produce and bottle the oil and produce meal.

In addition, the shareholders will give their consent to enter into significant transactions with a maximum aggregate value of $5 billion during the year, subject to prior approval by the company’s board of directors.

The general meeting will approve a new version of the company’s charter, which will be subject to state registration of amendments in accordance with the requirements of the current legislation.

According to the Opendatabot service, in 2024, Poltava Oil Extraction Plant PJSC increased its revenue by 12.3% to UAH 1.436 billion, debt obligations by 13.1% to UAH 900.5 million, and reduced assets by 2.7% to UAH 1.456 million. The number of employees increased by 28 people to 573 during the year.

PJSC Poltava Oil Extraction Plant is a crude and refined sunflower oil production company founded in 1991. It is part of the Kernel agricultural holding. The processing capacity is 429 thousand tons of sunflower seeds per year (1.3 thousand tons per day). The mill uses tolling raw materials. It has 6 silos for short-term storage with a capacity of 15 thousand tons, as well as equipment for cleaning and drying grain.

The company produces unrefined, refined and hydrated vegetable oils, which it sells under the Shchedryi Dar, Liubonka and Chumak brands. Finished products are exported to Cyprus, Greece, Israel, Italy, Lithuania, and Saudi Arabia.

The beneficiary of the plant is Andriy Verevsky through Kernel-Capital LLC (99.63%).

“TAS Agro” has started spring sowing campaign and is focusing on sunflower

TAS Agro’s southern cluster (Kirovohrad, Vinnytsia and Mykolaiv regions) has started the spring sowing campaign, with a focus on sunflower, which will be planted on 2764 hectares, the company’s press service reported on Facebook.

“The production units are fully provided with seeds, fertilizers, plant protection products, and fuel and lubricants. Modern technological complexes are used in sowing, which increase the accuracy of sowing and increase productivity,” said Andriy Zvarych, director of TAS Agro South LLC.

Meanwhile, preparations for the sowing season are underway in the central, northern and western clusters of TAS Agro. In particular, TAS Agro’s northern cluster in Chernihiv region is currently preparing machinery for the upcoming spring field work. TAS Agro West is completing the pre-sowing soil preparation stage, which involves closing off moisture on an area of 13.5 thousand hectares.

In addition, TAS Agro Center continues to provide comprehensive crop care and conducts regular fertilization of winter wheat using UAN-32 mixed with ammonium thiosulfate.

TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.

According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.

The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.

The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.

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Passenger flow through western border of Ukraine in September 2024, thousand

Passenger flow through western border of Ukraine in September 2024, thousand

Source: Open4Business.com.ua

Trump announced sweeping duties

US President Donald Trump has announced the introduction of large-scale duties on US imports. The tariffs are expected to affect trade volumes worth trillions of dollars.

Speaking in the Rose Garden near the White House, the US president announced “very, very good news”.
“In a few minutes, I will sign a historic executive order on reciprocal tariffs for countries around the world. Reciprocal. That means what they do to us, we’ll do to them. Very simple. It couldn’t be simpler,” Trump noted.
He criticized Thailand, India, Vietnam and other countries for unfair, in his opinion, tariff policies and tax regimes on American goods. And gave the example that the US charges only 2.4% duty on motorcycles, while India charges 70% and Vietnam 75%.

Also before signing the executive order, he went on to describe at length the “unfair tariffs” that other countries have imposed on U.S. goods. “Sometimes friends are worse than enemies,” Trump said, referring to the high tariffs that certain allied countries like Japan have imposed.

“This is one of the most important days in American history. This is our declaration of economic independence,” the US president emphasized.

“Against countries that treat us badly, we will calculate the sum of their tariffs, non-monetary barriers and other forms of fraud,” he said, explaining exactly how much ‘reciprocal tariffs’ the US will impose.

He also reiterated that the U.S. will impose 25 percent tariffs on all foreign-assembled cars at midnight April 2 to 3. And he also announced a universal or “minimum basic tariff” of 10 percent on imports.
The amount of duties by major U.S. trading partners

According to the executive order, the U.S. imposes additional duties in the amount of:

China – 34%
European Union – 20%
Vietnam – 46%
Taiwan – 32%
Japan – 24%
South Korea – 25%
Thailand – 36%
Switzerland – 31%
Indonesia – 32%
Malaysia – 24%
Cambodia – 49%
Great Britain – 10%
South Africa – 30%
Brazil – 10%
Bangladesh – 34%
Singapore – 10%
Israel – 17%
Philippines – 17%
Chile – 10%
Pakistan – 29%
Sri Lanka – 44%

The reciprocal tariffs will come into effect on April 9, 2025. And all countries will start paying the minimum base tariff on April 5.

And the base tariff of 10% will be added to the tariffs imposed against specific countries. This means, for example, that for Chinese goods the tariff will be 44% (34+10), for goods from the EU – 30% (20+10).

How the new duties were prepared

Previously, Trump and his inner circle named the European Union, Mexico, Canada, Japan, South Korea, Vietnam and India as likely targets of future duties in an effort to “punish unfair trade practices.”

According to Bloomberg, $33 trillion worth of global trade is in the crosshairs, with countries from Brazil to China facing a 4 to 90 percent drop in exports to the United States. Presumably, average duties could rise by 15%, driving up inflation and increasing the risk of a U.S. recession.

The measures taken today are in addition to steps taken since Trump took office in January. His administration has imposed an additional 20% tax on all imports from China and 25% on many goods from Mexico and Canada. There is also a global 25% tariff on steel and aluminum imports. An executive order was also signed imposing 25% duties on imports of automobiles and certain parts (effective April 3).

What the consequences could be

According to Bloomberg, under the maximum approach, average tariff rates in the U.S. would increase to 2%, which would reduce U.S. GDP by 4% and increase prices by nearly 2.5% over two to three years.
The impact on trading partners in any scenario would be severe. China, the EU, and India could top the list of countries that would be affected by the impact on exports to the US, although their economies could endure. Canada and Southeast Asian countries are likely to feel a larger overall impact.