Private joint-stock company Obolon (Kyiv), a large beer and soft drinks producer in Ukraine, saw UAH 288.78 million of net profit in 2017 compared with UAH 219.4 million of net loss a year ago. According to a company report on holding the general meeting of its shareholders scheduled for April 26, its assets last year grew by 7.5%, to UAH 5.737 billion.
Undistributed profit totaled some UAH 381.1 million at the end of 2017, which is 3.5-fold more than a year ago.
Noncurrent liabilities soared 4.9-fold last year, to UAH 2.058 billion, while current liabilities fell by 47.4%, to UAH 1.737 billion. Total bills receivable grew 1.8-fold, to UAH 1.246 billion.
Obolon Corporation produces beer, soft drinks, mineral water and snacks, and is the country’s largest exporter of beer.
The corporation consists of the main plant in Kyiv and nine companies in the regions. Its main brands are Obolon, Carling, Zlata Praha, Bitburger, Hike Premium, Zibert, Desant, Zhigulevskoye, Yachminny Kolos, Zhivchik and Prozora. The corporation also produces the low alcohol drinks Rio, Gin-Tonic, Cherry Whiskey, Rum Cola, Brandy Cola and Ciber.
Prime Minister of Ukraine Volodymyr Groysman says about the prospects for the growth of trade turnover between France and Ukraine, which, according to the results of the last year, amounted to about $2 billion.
“The trade turnover between France and Ukraine amounted to about $2 billion last year. I am confident that we can increase it to $3 billion,” Groysman wrote on Twitter on Friday following a meeting with French Foreign Minister Jean-Yves Le Drian.
“France is ready for cooperation in the economic sphere. This cooperation could be useful for both sides,” the head of the Ukrainian government added.
According to him, France will continue supporting the territorial integrity of Ukraine. “Meeting with Minister for European and Foreign Affairs of France Jean-Yves Le Drian: France is determined to continue supporting the integrity and sovereignty of Ukraine,” wrote Groysman.
Fuhrlander Windtechnology LLC (Kramatorsk, Donetsk region) is mulling the issue of building a wind farm with the total installed capacity of around 250 MW in the Chornobyl exclusion zone, Deputy Director for Commercial Issues of Fuhrlander Windtechnology Yuriy Shevchenko told reporters during his visit to Kramatorsk organized by Ecoaction and Germanwatch on Thursday.
“We are considering a project to build a 250 MW wind farm in the Chornobyl zone. It is too early to speak about concrete conditions. We are at the preliminary stage,” he said.
Shevchenko said that there is sense to install 4MW wind turbines with towers of around 120-130 meters high in this zone.
Fuhrlander Windtechnology is the only manufacturer of modern wind power plants in Ukraine. It is engaged in construction of wind farms. The company produces goods on the site in Kramatorsk.
Since 2010 to the present, Furlender Windtechnology has built (equipped with its turbines) Novoazovsky, Ochakivsky, Kerch, Krasnodonsky and Lutuhynsky wind farms. The company also built a wind farm Ereymentau (Kazakhstan).
The beneficiaries of Fuhrlander Windtechnology LLC are the co-owner of the ISD corporation Oleh Mkrtchan and the Verkhovna Rada deputy Maksym Yefymov (the Petro Poroshenko Bloc parliamentary faction).
PZU Ukraine insurance company (Kyiv) in 2017 posted a net profit of UAH 24.701 million, which is 2.4 times less than in 2016, according to materials for the agenda of a general shareholders’ meeting scheduled for April 26. Uncovered loss of the company for the year decreased by 14%, to UAH 215.220 million. Cash and cash equivalents increased by 3.8 times, to UAH 88.717 million.
In addition, the insurer’s net worth grew by 19.5%, to UAH 265.452 million. Charter capital did not change and amounted to UAH 19.407 million.
The company last year increased its assets by 31.6%, to UAH 1.604 billion.
Long-term financial investments decreased by 21.3%, to UAH 201.9 million.
Total debtor indebtedness rose by 41%, to UAH 299 million
Long-term liabilities increased by 35.4%, to UAH 835.336 million, current liabilities by 38.6%, to UAH 503.012 million.
The number of company employees increased by two, to 650 people.
PZU Ukraine has been operating in the market since 1993. It provides a full range of services in the conventional insurance segment.
The Ukrainian insurance companies PZU Ukraine and PZU Life Insurance are part of PZU, the largest insurance group in Poland with more than 200 years of experience.
Kraft Foods Entity Holdings B.V., the largest producer of packaged food, has announced its plans to use the squeeze-out right and buy shares from minority shareholders in private joint-stock company Mondelez Ukraine. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, as of March 22, 2018 Kraft Foods owned 99.94% of shares in the company and plans to send letters about the squeeze-out to minority shareholders.
As reported, amendments introduced in 2017 to some legal acts in Ukraine to facilitate corporate management at joint-stock companies have introduced such procedures as squeeze-out and sell-out (the forced purchase and sale of participation in share capital) to the country’s legislative environment.
Mondelez Ukraine is part of Mondelez International group of companies, one of the world’s largest producers of chocolate goods, cookies, sweets, and chewing gum. The company in Ukraine includes Trostianets confectionery factory (Sumy region) and Chips Lux LLC subsidiary company (Kyiv region). Kraft Foods Entity Holdings B.V. operates as a subsidiary of Mondelez International.
The Office of Large Taxpayers has reported on the reduction of tax debt by UAH 6.8 billion or 32.8% since early 2018, to UAH 13.9 billion as of March 1, 2018, the office has reported on its website.
“Since early 2018, the debt was cut thanks to an action plan implemented, as well as cooperation with the Individuals’ Deposit Guarantee Fund, while, for example, year-over-year the tax debt grew by UAH 3.3 billion,” the office said.
The major part of the debt is tax debts of bankrupts, banks under liquidation or enterprises in the military operations zone in Donbas, amounting to UAH 7.5 billion.
Some UAH 6.4 billion is the debt that could be collected, the office said.
