KYIV. March 16 (Interfax-Ukraine) – Net profit of MHP S.A., the holding company of Myronivsky Hliboproduct (MHP) agricultural holding was $69 million in 2016 compared to net loss of $113 million in 2015.
According to a company report posted on the London Stock Exchange (LSE) on Wednesday, revenue last year grew by 7%, to $1.135 billion.
Gross profit rose by 6%, to $362 million from $342 million in 2015. Operating profit fell by 9%, to $317 million from $347 million.
“The main reason of the decline in operating profit is our performance in the poultry segment. Global poultry prices in 2016 were lower than in 2015. Expenses on poultry production in Ukraine grew due to a rise in the prices of grain,” CFO Viktoria Kapeliushna told Interfax-Ukraine.
Earnings before taxes, depreciation and amortization (EBITDA) in 2016 fell by 5%, to $415 million and EBITDA margin – from 41% to 37%.
” Financial results are in line with management’s expectations, with EBITDA of US$ 415 million and EBITDA margin of 37%,” MHP CEO Yuriy Kosiuk said.
Exports revwnue grew by 21.2%, to $635 million (56% of total revenue). The foreign exchange loss in 2016 was $145 million.
According to the company’s report, net loss in Q4 2016 fell almost 67%, reaching $28 million. The foreign exchange loss in Q4 2016 was $55 million.
Revenue in Q4 2016 grew by 24%, to $313 million. Exports revenue rose by 52.5%, to $180 million (58% of total revenue).
EBITDA grew by 5.9% in Q4 2016, to $72 million and EBITDA margin fell by 4%.
Among MHP targets for 2017 is to start the construction of phase 2 of the Vinnytsia project with the ultimate aim of elevating production to around 730,000 tonnes per year by 2020.
Net debt as of late 2016 was $1.08 billion compared to $1.22 billion in 2015. The net debt/EBITDA ratio was 2.6 compared to 2.8 in 2015.
Kapeliushna said that since early 2017 the company has not received subsidies from the state.
“No one received subsidies. The mechanisms for receiving them are being drawn up. I am sure that in the first quarter the subsidies would not be provided,” she said.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil and meat.
KYIV. March 16 (Interfax-Ukraine) – Danosha, a company with 100% Danish capital (Ivano-Frankivsk region), plans to begin the construction of a biogas plant with a capacity of 1.1 MW in 2017.
“We are starting the construction of the second biogas plant. One is already running at one of our largest pig complexes in the village of Kopanky, Ivano-Frankivsk region. The construction of the next biogas plant will be started this year. It should be more advanced than the previous one,” head of the department of external relations and company development Liubov Bohachevska told reporters at the sixth IFC International Forum on Food Safety in Kyiv.
According to her, the construction of the plant is designed for two years. Funds for the project implementation are to be attracted from NEFCO international financial organization and IFU investment fund.
Danosha intends to expand production. At present the total number of pigs is 180,000 animals.
“We are planning to expand, but we need new farms. We plan to build them and would like to increase livestock numbers by 11,900 animals,” she said.
She clarified now Danosha continues seeking a land plot for building a meat processing plant.
KYIV. March 16 (Interfax-Ukraine) – PJSC Vistec machine building plant (Bakhmut, Donetsk region), in 2016, according to preliminary data, saw a net profit of UAH 34.14 million, while a year earlier it was UAH 280,000.
According to information on the agenda of a general meeting of shareholders scheduled for April 13, the company’s retained earnings by the beginning of this year amounted to UAH 62.77 million.
Current liabilities last year slightly decreased, to UAH 124.3 million, long-term liabilities rose to UAH 1.08 million.
Its total debtor indebtedness by January 1, 2017 amounted to UAH 106.66 million, which is 10.4% more than a year earlier, while the value of assets increased by 18%, to UAH 205.04 million.
The number of the plant personnel reduced by 110 people, to 709 employees.
PJSC Vistec specializes in production of round-link chains for various purposes, welding electrodes, metal cutting tools and goods made of metal powder. The enterprise also has forge-press and wire-nail production.
KYIV. March 16 (Interfax-Ukraine) – Ukrainian authorities would consider the possibility of creating an industrial park on the model of the Istanbul park.
The press service of the Cabinet of Ministers of Ukraine reported that on Wednesday as part of his official visit to Turkey Ukrainian Prime Minister Volodymyr Groysman visited the Istanbul industrial park and met top managers of the SAHA Istanbul, the association of defense and aerospace complex.
Groysman said that Ukrainian science, especially in the aerospace sector, aircraft building and military area is very fruitful.
He said that Ukraine and Turkey are all-sufficient to make a joint product if the countries unite their opportunities.
After the meeting the Ukrainian prime minister instructed to study the possibilities of creating the industrial park in Ukraine on the model of the park in Istanbul, which would discover the entire potential of Ukrainian science and technologies.
Top managers of the Istanbul park expressed their readiness to provide a free-of-charge place in the Istanbul park for one university and one enterprise from Ukraine.
KYIV. March 15 (Interfax) – Ukraine and Turkey have agreed on the possibility of mutual trips of citizens on the basis of internal passports in the form of ID cards, Spokesman for the PM Dmytro Stoliarchuk wrote on Twitter.
A corresponding agreement was signed between the governments of the two countries in Ankara on Tuesday during the official visit of Prime Minister Volodymyr Groysman.
“Ukraine and Turkey signed an agreement that simplified the mutual trips of citizens. Now it is possible to travel without visas using ID-cards,” Stoliarchuk wrote.
Besides, Ministries of Education of Ukraine and Turkey signed a cooperation agreement.
“The Education Ministries of Ukraine and Turkey opened the way to the creation of joint master’s programs in strategically important spheres,” the press secretary of the Ukrainian prime minister wrote.
The press service of the Cabinet of Ministers of Ukraine said that the agreement on the entry of citizens stipulates that citizens of Ukraine and citizens of Turkey, who use passports in the form of ID cards with a contactless electronic chip, will be able to enter, leave, follow transit and stay without visas on the territory of Turkey and Ukraine, respectively, for up to 90 days within 180 days.
The provisions of the memorandum on cooperation between the Ministry of Education and Science of Ukraine and the Council of Higher Education of Turkey provide for the creation of joint bachelor, master and postgraduate programs in the fields of nuclear energy, nuclear safety, aviation and space technologies, support for the study and teaching of Ukrainian and Turkish languages, the implementation of academic exchange programs.
KYIV. March 15 (Interfax-Ukraine) – Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, saw a 3.9-fold rise in net profit, to UAH 252.2 million.
The company said that its assets last year grew by 35.7%, to UAH 4.41 billion.
Total bills receivable came to UAH 239.67 million compared to UAH 181.4 million in 2015.
Current liabilities grew by 37%, reaching UAH 738.1 million. The company posted a 3.6-fold rise in undistributed profit, to UAH 373.1 million.
APK-Invest is a vertically integrated agro-industrial company with a complete closed cycle of production of chilled pork from growing grain and animal feed production to production and sale of meat goods.
The company has production facilities in Krasnoarmiysk and Kostiantynivka districts of Donetsk region.
The main owner is Borys Kolesnikov.
