Public joint-stock company Konti industrial association (Donetsk region), a large Ukrainian confectionary company, saw UAH 92.45 million in net loss in 2017, which is 78.7% less than a year ago (UAH 431.14 million). According to a company report on holding a general meeting of its shareholders scheduled for April 20, the company’s assets slightly changed, reaching UAH 2.44 billion.
Undistributed profit fell by 15.5% in 2017, to UAH 484.93 million, noncurrent liabilities fell by 60%, to UAH 231.72 million, while current liabilities grew 1.5-fold, to UAH 1.35 billion. Total bills receivable rose by 17.9%, to UAH 473.45 million.
Public joint-stock company Konti industrial association is part of Konti Group founded in 1997. The group’s main production assets are Donetsk, Kostiantynivka, Horlivka confectionery factories (Ukraine) and two factories in Kursk (Russia). Its main brands are Amour, Bonjour, SuperKontik, Belissimo, BisKonti, Belissimo and others. The main beneficiary of Konti is Borys Kolesnikov.
Average retail prices for petrol and diesel fuel in Ukraine in the period from March 12 to March 19, 2018 fell by 0.4-0.5%, while the prices of liquefied petroleum gas (LPG) decreased by 2.4%, according to data from the A-95 Consulting Group (Kyiv).
As reported, average retail prices for petrol in Ukraine for 2017 increased by 19.2-20.1% (by UAH 4.61-4.76 per liter), for diesel fuel by 22.6% (by UAH 4.84 per liter). At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to deficit, showed an increase of only 2.9% for the year (by UAH 0.36 per liter).
Changes in average retail fuel prices UAH per liter in Ukraine:
©Source: A-95 Consulting Company
Nova Poshta group of companies, the leader of express delivery in Ukraine, demands to immediately stop criminal proceedings against it and pressure on business. According to an Interfax-Ukraine correspondent, this was stated by co-founder of the group Viacheslav Klimov during a press conference at Interfax-Ukraine dedicated to searches in the offices of Nova Poshta conducted by the Prosecutor General’s Office of Ukraine on Friday, March 16.
“At the same time, I want to emphasize that we are ready to answer any questions of law enforcers through civilized requests, through meetings, and not in the form of forceful actions, searches and interrogations. Our lawyers, the employees of financial directorates are ready to cooperate and answer any questions, but we want this to be made not in blocked offices, not within eight hours, not in the format of searches, interrogations, and arrests,” he said.
According to Klimov, Nova Poshta reminds the authorities and demands them to fulfill the promise to create a financial investigations service that will deprive the appropriate forces of relevant powers and will become an analytical service without force instruments as in the entire civilized world.
“We are sure that the effectiveness of this kind of activity will grow at once, which will influence the budget of our law enforcement bodies. We also demand that the moratorium on inspections, which has recently expired and inspections immediately resumed and became more aggressive, be renewed,” Klimov added.
Ukrainian President Petro Poroshenko has discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait with Managing Director of the Kuwait Investment Authority Farouk A. Bastaki and the leadership of the Kuwait Fund for Arab Economic Development. “The parties discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait, as well as further joint practical steps in this direction,” the press service of the president reported on Monday.
Poroshenko informed the meeting participants about the latest changes in the Ukrainian legislation aimed at facilitating the activity of foreign investors. The head of state invited the Kuwaiti business to expand investments in Ukraine and called on Kuwaiti investors to take part in privatization in Ukraine.
The Inkerman trade house plans to produce around 10 million bottles of still and sparkling wine in 2018, Director General of Inkerman trade house Hanna Horkun has said.
“The production plan directly depends on the pace of sales and the market. Today our current production forecast is about 10 million bottles in 2018,” she told Interfax-Ukraine.
According to the company, in 2017 it sold about 9 million bottles of still and sparkling wine under the Inkerman trademark.
At the same time, the general director of Inkerman trade house said that it is too early to predict the volume of grapes production this year, adding that there are no threats to the harvest yet.
“Vine growers do not talk about specific figures until early April, when the risk of a sharp drop in temperature becomes minimal and so-called “sap flow” begins. This phase of grapes development lasts mainly from the third decade of March to the third decade of April and depends on many factors – temperature of soil and air, soil moisture, grape variety, rootstock variety, root system capacity and the horizon of its maximum development. By the end of April it will be clear, but so far no disasters have been observed,” Horkun said.
Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced goods worth UAH 862.86 million in January and February 2018, which is 34.3% up year-over-year.
According to the UkrPapir association, corrugated cardboard output grew by 16.1%, to 34.8 million square meters.
Production of cardboard increased by 22.3%, to 35,330 tonnes, including package cardboard (including fluting) that grew by 23.3%, to 22,860 tonnes, while box cardboard output increased by 20.5%, to 12,470 tonnes.
Production of base paper (for sanitary products) fell by 9.2%, to 11,230 tonnes.
Production of toilet paper grew by 7.7%, to 68.68 million rolls.
According to the association, in general, production of corrugated cardboard packages grew by 19.2% in January and February, to 160.83 million square meters, and paper and cardboard production – by 16.4%, to 150,660 tonnes.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.
In 2017, the mill saw a 14.8% rise in production from 2016, to UAH 4.224 85 million.
