KYIV. Oct 26 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has introduced a mechanism for selling immovable property used by Ukrainian diplomatic offices abroad.
According to government resolution No. 734 dated October 19, Ukrainian diplomatic offices abroad submit proposals (several options) to sell immovable property to the Foreign Ministry. The reason for selling the property is that it does not suit functions of the diplomatic offices anymore.
The Foreign Ministry discussed the proposals and sends them to the Finance Ministry, Economic Development and Trade Ministry, Regional Development, Construction, Housing and Utilities Economy Ministry, State Property Fund of Ukraine, Security Service of Ukraine (SBU), Foreign Intelligence Service of Ukraine and other interested agencies if it is required for approval.
The agencies are to prepare their conclusions on the proposals and send them to the Foreign Ministry. The ministry draws up its conclusions then. The property will be sold freely on the market of the country of stay in line with its legislation. The ministry sends its conclusions to the Cabinet of Ministers to make the decision.
If the government approves the sale of property, diplomatic offices abroad holds talks with a buyer of property and sends the final sale and purchase contract to the Foreign Ministry.
The property is passed to the buyer via signing the acceptance and transfer document after the funds for property are fully sent from the account opened by the buyer in a bank.
The funds are sent to the national budget.
KYIV. Oct 26 (Interfax-Ukraine) – Public joint-stock company Ukrhydroenergo saw a 2.2-fold rise in net profit in January-September 2016, to UAH 1.709 billion.
The company said that its net revenue over the period grew by 37.5%, to UAH 4.405 billion. The company saw a 1.6-fold rise in gross profit, to UAH 2.524 billion.
Ukrhydroenergo increased electricity generation by 27.1% over the period, to 6.259 billion kilowatt-hours (kWh).
Ukrhydroenergo in 2015 saw net profit rise by 2.3 times compared to 2014, to UAH 1.091 billion, net income by 1.7 times, to UAH 4.469 billion, EBITDA by 64.7%, to UAH 2.688 billion.
Ukrhydroenergo operates all of the major hydroelectric power plants on the Ukrainian sections of the Dnipro and Dniester rivers. Their total electricity generating capacity comes to five gigawatts. The state owns 100% of the shares of the company.
KYIV. Oct 26 (Interfax-Ukraine) – PJSC Hartron (Kharkiv) in January-September 2016 increased consolidated net profit under international financial reporting standards (IFRS) by 44.5% compared to the same period in 2015, to UAH 6.46 million.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the nine months increased by 3.2%, to UAH 152.65 million.
In January-June 2016 Hartron saw consolidated net profit under IFRS rise by 41.84%, to UAH 4.53 million, consolidated net income fall by 14.384%, to UAH 65.65 million.
In January-September 2016 Hartron posted unconsolidated net profit according to IFRS in the amount of UAH 4.36 million, which is 31.36% less compared to the same period last year.
Unconsolidated net income for the nine months decreased by 22.28% compared to the same period of last year, to UAH 2.02 million.
PJSC Hartron is the only enterprise in Ukraine, which creates space rocket management systems. The company is also involved in the creation of automated control systems and nuclear power plants safety.
KYIV. Oct 26 (Interfax-Ukraine) – Private joint-stock company Naftogazvydobuvannia, part of DTEK Naftogaz, in the period from January 1 through October 23, 2016 produced 1.304 billion cubic meters of natural gas.
“Thus, we exceeded the last year indicator and reached the new level – the largest production volume for the whole history of the company! We are steadily moving to meet the annual target and new peaks,” the company said in a report.
According to quarterly reports of Naftogazvydobuvannia, in Q1 2016 the company produced 381.119 million cubic meters of gas, in Q2 2016 – 395.491 million cubic meters and in Q3 2016 – 427.771 million cubic meters.
In addition, the company produced 41,471 tonnes of gas condensate in January-September 2016.
