Business news from Ukraine

Business news from Ukraine

UKRAINIAN ENTERPRISES RAISE PRETAX PROFIT BY 23.6% IN 2018

Enterprises and organizations in Ukraine in 2018 raised profit from ordinary activities before taxation by 23.6%, to UAH 353 billion, while in 2017 the figure was UAH 285.6 billion, according to the State Statistics Service of Ukraine.
According to the service, in 2018, profitable Ukrainian enterprises received UAH 579.96 billion of profit, which is 4.1% more than in 2017.
At the same time, 22.9% of enterprises posted a negative financial result. Their losses in 2018 decreased by 16.4% compared to 2017, to UAH 227 billion.

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MYKOLAIV SEAPORT RAISES FREIGHT TRANSSHIPMENT BY 26%

Mykolaiv seaport in January-March 2019 increased cargo handling by 26.2% compared with January-March 2018, to 8.117 million tonnes.
According to the data of the Ukrainian Sea Ports Authority, during this period the port increased the transshipment of exported cargo by 30.72%, to 6.247 million tonnes, imported cargo by 26.67%, to 1.606 million tonnes, and coastal freight handling by 12.75%, to 263,470 tonnes. The port did not transship transit cargo.
In January-March 2019, the port increased the transshipment of liquid cargo by 0.1%, to 764,830 tonnes, increased dry bulk freight by 28.1%, to 6.3 million tonnes, packaged ones by 40.32%, to 1.052 million tonnes.
As reported, Mykolaiv seaport in 2018 increased cargo handling by 24.09% compared with 2017, to 29.2 million tonnes.
Mykolaiv seaport has an area of 97.3 ha and a water area of 224.5 ha. It is connected to the Black Sea by the Buho-Dniprovsko-Lymansky canal. The port has 15 berths with a total length of 2.962 km.

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FIRST UKRAINIAN INTERNATIONAL BANK SEES 2.8-FOLD RISE IN NET PROFIT

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in 2018 totaled UAH 2 billion, which is a 2.8-fold rise compared with 2017, FUIB Board Chairman Serhiy Chernenko has said. “The bank has never seen such business efficiency in the entire history of the bank. We earned a record amount of profit,” the banker said at a press conference in Kyiv on Monday.
According to him, with such indicators, FUIB became the fourth bank in Ukraine in terms of profit for 2018.
Operating income of the bank after the creation of reserves amounted to UAH 5.7 billion, which is 50% more compared to the same period last year. FUIB during 2018 created reserves in the amount of UAH 0.5 billion. Compared to 2017, this indicator more than doubled due to the fact that the bank has almost completely resolved the issue of troubled debt, the banker said.
According to the results of 2018, the net interest income of FUIB increased by UAH 1.1 billion and amounted to UAH 4.1 billion. Net commission income of the bank in 2018 increased 27% and amounted to UAH 1.5 billion.
In 2018, FUIB’s net assets amounted to UAH 49.9 billion. The corporate loans portfolio amounted to UAH 14.4 billion, loans issued to individuals – UAH 8.3 billion.
The bank’s capital in 2018 increased by 31.5% and amounted to UAH 6.3 billion.
FUIB was founded in 1991. Its largest shareholder is Rinat Akhmetov (indirectly 99.901045%).
According to the National Bank of Ukraine, as of January 1, 2019, FUIB ranked eighth (UAH 59.32 billion) in terms of total assets among the 77 banks operating in the country.

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CHORNOMORSK SEAPORT INCREASES FREIGHT HANDLING BY 23% IN Q1

Chornomorsk seaport (Odesa region) in January-March 2019 increased cargo handling by 23.42% compared to the same period of 2018, to 6.366 million tonnes.
According to the Ukrainian Sea Ports Authority, during this period the port increased the handling of exported cargo by 37.25%, to 5.227 million tonnes, reduced the handling of imported cargo by 20.37%, to 851,150 tonnes and transit freight by 1.43%, to 277,000 tonnes, and also transshipped 11,240 tonnes of cabotage cargo.
In January-March 2019, liquid cargo handling at the port decreased by 4.17%, to 379,250 tonnes, dry bulk cargo handling increased by 31.34%, to 4.479 million tonnes, that of packaged goods by 11.51%, to 1.508 million tonnes.
Container handling in the first three months of this year amounted to 30,817 TEU (a decrease of 2.7%).

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YUZHNY SEAPORT RAISES CARGO HANDLING BY 19%

Yuzhny seaport (Odesa region), the largest seaport of Ukraine in terms of transshipment, increased cargo transshipment by 18.7% in January-March 2019 compared to January-March 2018, to 11.6 million tonnes.
According to the Ukrainian Sea Ports Authority, during this period the port increased the handling of exported cargo by 39.8%, to 8.973 million tonnes, decreased the handling of imported cargo by 31.98%, to 1.203 million tonnes, transit cargo handling fell by 10.22%, to 1.422 million tonnes, and the port increased handling of coastal freight 2.86-fold, to 31,930 tonnes.
According to the types of cargo, the port in January-March 2019 increased the transshipment of liquid cargo by 9.13%, to 1.077 million tonnes, increased the transshipment of dry bulk cargo by 19.45%, to 9.207 million tonnes, and increased the transshipment of packaged goods by 22.16%, to 1.315 million tonnes.
Container handling amounted to 52,000 TEU (a more than threefold increase).
Yuzhny port was founded in 1978. It is located on the Adzhalyk firth and is the deepest harbor in Ukraine. The length of its berths is around 2.6 kilometers.

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ODESA SEAPORT SEES 5% RISE IN FREIGHT HANDLING IN Q1 2019

Odesa seaport in January-March 2019 transshipped 6.22 million tonnes of freight, which is 5.05% more than a year ago.
According to the Ukrainian Sea Ports Authority, during this period the port increased the handling of exported cargo by 11.33%, to 4.831 million tonnes, decreased the handling of imported cargo by 14.4%, to 1.038 million tonnes, transit cargo handling fell by 3.95%, to 344,360 tonnes, and the port increased handling of coastal freight by 37.84%, to 6,570 tonnes.
According to the types of cargo, the port in January-March 2019 decreased the transshipment of liquid cargo by 13.31%, to 390,750 tonnes, increased the transshipment of dry bulk cargo by 9.49%, to 2.68 million tonnes, and increased the transshipment of packaged goods by 4.19%, to 3.149 million tonnes.
Container handling amounted to 140,650 TEU (a fall of 4.1% year-over-year).
Odesa port is located on an area of 109.5 hectares.
The port accepts vessels with lengths of up to 270 meters and maximum draughts of 13 meters. The total length of the port’s berths exceeds 8 kilometers.

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