Ukraine in January 2019 increased exports of electricity by 4% (by 19.7 million kWh) compared to the same period of 2018, to 511.5 million kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the “Burshtyn TPP energy island” in the direction of Hungary, Slovakia and Romania increased by 7.2% (by 21.5 million kWh), to 319.4 million kWh.
Electricity supplies to Poland decreased by 22.7% (by 33.1 million kWh), to 112.9 million kWh.
Electricity supplies to Moldova amounted to 79.2 million kWh, which is 65.1% (31.2 million kWh) more than in January 2018.
Ukrainian electricity was not exported to Belarus and Russia in January 2017 and 2018.
In addition, Ukraine in January of the current year imported 2.1 million kWh of electricity (2.1 million kWh from the Russian Federation, 100,000 kWh from Belarus) against 3.2 million kWh in January 2018.
Kernel, one of the largest Ukrainian agricultural groups, received $164 million of net profit in the first half of the 2019 fiscal year (FY, July 2018-June 2019), which is 83% more than in the same period last year.
According to the company’s financial report on the website, its revenue in July-December 2019 FY increased by 2.1 times, $2.255 billion.
The operating profit of Kernel rose by 2.4 times, to $193.4 million, EBITDA by 1.9 times, to $229.9 million.
According to the company, the group’s revenue from oilseeds processing grew by 9%, to $736.5 million, from infrastructure segment and sales in July-December 2019 FY by 4.2 times, to $1.741 billion, from crop production by 22%, to $342.5 million.
According to the report, the company plans in the 2019 FY to process 3.1 million tonnes of sunflower and export 6-6.2 million tonnes of grain.
Nika-Tera sea terminal (Nika-Tera specialized seaport, Mykolaiv), part of Group DF belonging to Dmytro Firtash, in January-February 2019 handled more than one million tonnes of cargo, which is 56.7% more than in the same period of 2018, the press service of the company has reported.
According to the company, as of February 27, 2019, Nika-Tera port had handled more than one million tonnes of cargo, significantly exceeding the dynamics of last year’s transshipment: in January-February 2018 the port’s cargo turnover amounted to 638,000 tonnes, while the figure of the first million was reached only at the end of March.
“Nika-Tera port continues to master new technologies for receiving and transshipment of goods. Thus, in February 2019 the first train of railway platforms with specialized containers for bulk cargo transportation entered the port. In total, a batch consisting of 88 containers with corn was processed on 44 platforms with a total weight of more than 2,000 tonnes,” the press service of the port said.
To implement the new cargo handling scheme, containers were unloaded from railway platforms to container trucks inside the port.
The draft ownership policy of JSC Ukrzaliznytsia does not envisage a possibility of holding an initial public offering (IPO) for the company, Ukrzaliznytsia Director for Strategic Development and Investment Policy Anton Sabolevsky told reporters on the sidelines of the third International Conference “Railways of Ukraine: Developments & Investments” held in Kyiv. “The draft ownership policy, which is now being considered, does not mention the possibility of an IPO. This is not a question of a year or three, it is more distant. It will definitely not be held in the next five years,” he said.
According to Sabolevsky, in Europe the only successful transaction for holding an IPO for a part of a cargo carrier was in Poland. “Also, there is an example of Doicebahn, which was bought freight operators in the Netherlands, Denmark and partly in Sweden,” he said.
At the same time, according to Sabolevsky, for the next five years, Ukrzaliznytsia needs an additional investment of $6 billion to maintain its assets at current levels.
“If we look at the ratio of capital investment and company revenues, then, to a large extent, we will come to the conclusion that Ukrzaliznytsia must spend about $ 1billion on its capital investment a year. These are the sums which the company announces in its financial plan every year. For example, in 2018, we had a little more than UAH 26 billion of capital investment,” he said.
The venture funds AVentures Capital and Insoft Capital have sold a majority stake in the IT company CoreValue, according to a press release from AVentures. CoreValue was purchased by IT Kontrakt, one of the leading IT outsourcers in the Central and Eastern Europe region, owned by Oaktree Capital Management and Cornerstone Partners Investments. The sum of the transaction is not disclosed.
“The integration of CoreValue into the IT services competency platform is a very important step for us in creating a global IT outsourcing platform. The company proved its potential and strong technological competence by providing services to large customers in the highly competitive U.S. market,” the board chairman of IT Kontrakt, the executive chairman of IT Services Competence Platform, Tomasz Pyrak, said.
CoreValue is an IT outsourcing company based in the United States. The development centers of the company are located in Ukraine and Poland. It was founded in 2004. It has grown to 400 people and delivers solutions to Fortune 500 companies, as well as to medium and large enterprises in the United States and Europe. CoreValue’s competence includes CRM-based services, cloud and mobile applications for such industries as Pharmatech, Healthcare and Finance.
AVentures Capital bought a minority stake in CoreValue in 2017.
