Agricom Group on May 16, 2018, launched a factory to produce flakes from oats and other types of cereals under the Dobrodiya trademark in the village of Mykhailo-Kotsiubynske in Chernihiv region. The project is estimated at $10.5 million, the company’s press service said. This includes 40% of the company’s own funds and 60% are loans.
The construction lasted for more than three years, it said. “Way back in 2014, it was decided to start production of value-added products. It took almost four years to move from the idea to the implementation of the project, and now we are again thinking about new goals,” CEO of Agricom Group Petro Melnyk said. The production capacity of the factory is one million kg per month.
The Group has a full cycle of production: from cleaning, peeling, grinding, hydrothermal processing, cutting, rolling and to packing in various types of packaging.
Agricom Group produces and distributes food made of cereals. It combines agricultural, processing and trading enterprises. The Group tills 40,000 hectares in Rivne, Chernihiv and Luhansk regions. Its storage capacities are represented by two facilities for 63,000 tonnes.
The surplus of Ukraine’s foreign trade in services in January-March 2018 increased by 16% compared to 2016, to $1.461 billion (in January-March 2017 some $1.259 billion), the State Statistics Service has said. According to its data, exports of services in Q1 2018 rose by 5%, to $2.561 billion, imports fell by 6.8%, to $1.101 billion.
The ratio of coverage of imports by exports stood at 2.33 (in Q1 2017 at 2.07).
Foreign trade operations were conducted with partners from 211 countries.
Milkiland, a dairy group with assets in Ukraine, Russia and Poland, saw a 2.1-fold rise in net profit in January-March 2018 year-over-year, to EUR 2.38 million.
According to a report of the group on the website of the Warsaw Stock Exchange (WSE), revenue in Q1 2018 fell by 18.5%, to EUR 30.1 million, and gross profit – by 22.6%, to EUR 5.28 million.
In January-March 2018, the group saw EUR 74,000 of operating loss compared with EUR 3.61 million of operating profit a year ago.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 34.8% year-over-year, to EUR 1.58 million. EBITDA margin fell by 2 percentage points, to 5%.
The Russian market generated 67% of the group’s revenue or EUR 20.12 million, which is 19.8% less than a year ago. The Ukrainian market’s share was 25% of total revenue, a rise by 12.6%, to EUR 6.88 million. Poland occupied 8% of total revenue, a rise by 23%, to EUR 2.26 million.
Whole-milk dairy was the largest segment in terms of revenue and business segments EBITDA providing for c. 60% of revenue – EUR 18.19 million or 16% less year-over-year, cheese & butter segment contributed approximately 27% to the group’s total revenue – EUR 8.22 million (14% down). In ingredients segment, revenue declined 36% year-over-year to EUR 3.7 million depressed by unfavorable international global market conjuncture. It contributed c. 12% to the group’s total revenue.
The Agroliga Group (Kharkiv region) saw EUR 721,000 of net profit in January-March 2018, which is 29% more than a year ago.
According to a quarterly report of the company on the website of the Warsaw Stock Exchange (WSE) on Tuesday, revenue grew by 5.7%, to EUR 5.06 million, operating profit – by 11.8%, to EUR 663,000 and gross profit by 4.8%, to EUR 836,000.
Assets as of March 31, 2018 amounted to almost EUR 28.64 million.
Agroliga has been operating in the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grains, crushing sunflower seeds and dairy farming.
The Economic Development and Trade Ministry of Ukraine plans to start privatization of large state-owned enterprises (SOE) from the sale of Centrenergo, First Deputy Minister Maksym Nefyodov has said. “Centrenergo could be the first test case, and other facilities would follow it,” he said at a roundtable entitled “Ukraine on the Way of Privatization” in Kyiv on Wednesday.
Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov said that after Centrenergo, it is likely that other power supply companies would be privatized. He also said that the start of the privatization of large companies is planned for this autumn.
CENTRENERGO, ECONOMY MINISTRY, ENERGY COMPANY, PRIVATIZATION
