Business news from Ukraine

Business news from Ukraine

Number of dead in Myanmar has already exceeded 1,000 people

The death toll in Myanmar as a result of a powerful earthquake has exceeded 1,000 people, Reuters reports citing government sources.

“International rescue teams began flying to Myanmar on Saturday to help search for survivors after Friday’s earthquake killed more than 1,000 people,” the agency said.

The military government on Saturday put the death toll in Myanmar at 1,002. The 7.7-magnitude quake reportedly damaged critical infrastructure amid an intense civil war.

At least nine people were killed in neighboring Thailand, where the magnitude 7.7 quake destroyed buildings and collapsed a skyscraper under construction in the capital Bangkok, 30 people were trapped under the rubble and 49 were reported missing.

https://interfax.com.ua/

 

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President of Ukraine will consult with society on minerals agreement

President of Ukraine Volodymyr Zelenskyy said that in case of risky things in the minerals agreement, he would communicate with Ukrainian society about it.

“It seems to me that Ukrainians, in principle, know me very well. I think there is no need to doubt that. If there are any risky things for us, I will definitely communicate all this without any secrets with our society,” Zelensky said at a briefing on Friday.

The president believes that “the main basic things, compromises, were outlined in the framework agreement, which we were ready to do.” “And so we will base ourselves on the clear things we talked about, where we see an opportunity to build the right partnerships,” he added.

Speaking about Ukraine’s alleged debts to the United States, Zelenskyy noted that he does not see them if we talk about the past.

“If there are any prospects, new support, new support packages, then the United States can set certain conditions, realizing that this team will not do anything for free. They are officially saying this,” the president explained.

Lviv-based Khlibprom suffered more than UAH 65 mln in losses in 2024

PJSC Concern Khlibprom (Lviv), one of Ukraine’s largest producers of bread and bakery products, posted a net loss of UAH 65.667 million in 2024, compared to a net profit of UAH 70.83 million a year earlier.

According to the agenda of the annual general meeting of shareholders scheduled for April 30 this year in remote mode, the shareholders are proposed to cover the net loss of UAH 161,366 thousand incurred by the company in 2024 at the expense of deferred income, and not to accrue or pay dividends.

In addition, the shareholders are proposed to approve the report of the management and the supervisory board on the financial and economic activities of the company for 2024, to recognize the work of the management and the supervisory board as satisfactory. They also have to approve the reports and conclusions of the audit firm Nexia DK Audit LLC and decide on the need to take the measures recommended by the auditor.

According to Opendatabot, in 2024, Concern Khlibprom PJSC increased its revenue by 7.4% to UAH 2.036 billion, its debt obligations by 1.5 times to UAH 567.38 million, and its assets by 11.4% to UAH 1.19 billion. At the same time, the number of employees decreased by 52 people to 2,601. The company’s authorized capital is UAH 163.55 million.

Concern Khlibprom is one of the largest enterprises in the Ukrainian bread market, producing up to 200 tons of products daily: bread, bakery, confectionery and semi-finished dough products. The company has five processing plants located in Lviv and Vinnytsia regions. It owns the Khlibna Khata, Vinnytsiakhlib, Khlib po-Lvivski, Lyublyanna, Bandinelli, and Panerini trademarks.

The company’s beneficiary is Natalia Antonova, the ex-wife of OKKO Group majority owner Vitaliy Antonov. In October 2024, she acquired a 25.3% stake in Concern Khlibprom from Universal Investment Group LLC and became the owner of 98.1% of the company’s shares.

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“Verkhnedneprovsky Machine-Building Plant” to allocate UAH 17 mln for dividends

The shareholders of Verkhnodniprovsky Machine-Building Plant JSC (VMZ, Dnipro region) plan to allocate UAH 17.09 million for dividends out of retained earnings of UAH 34.095 million as of the end of 2024, according to the agenda of the annual shareholders’ meeting scheduled for April 28.

According to the draft decision of the meeting, it is planned to pay dividends at the rate of UAH 0.64 per share (nominal value UAH 0.35). It is planned to leave the remaining UAH 17 million undistributed.

The announcement does not contain any data on the company’s financial performance, but according to the Clarity-project, VMZ’s net profit in 2024 amounted to UAH 33.94 million, down 21.3% from a year earlier.

According to the company’s website, in 2023, from June 28 to October 30, 2024, dividends totaling UAH 43.1 million (UAH 1.61 per share) were paid to shareholders out of retained earnings of UAH 70.13 million.

At the meeting, shareholders also plan to terminate the powers of the chairman and members of the supervisory board ahead of schedule and elect the same three-member board.

According to the National Securities and Stock Market Commission as of the third quarter of 2024, Viktor Rasporsky, Chairman of the Supervisory Board, owns more than 62% of VMZ JSC shares, and Andriy Rasporsky owns about 31.07%.

Verkhnedneprovsky Machine-Building Plant specializes primarily in the development and manufacture of specialized railway rolling stock, non-standard equipment for car building and car repair.

According to Clarity-project, in 2024, VMZ’s net income increased by 4% compared to 2023, to UAH 161 million.

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Forecast of power system capacity deficit, %

Forecast of power system capacity deficit, %

Source: Open4Business.com.ua

Profit of Ukroptbakaliya fell 4 times in 2024

PJSC Ukroptbakaliya, a producer of spices and food additives, earned UAH 1.565 million in net profit in 2024, which is four times less than in 2023.

According to the agenda of the annual general meeting of shareholders scheduled for April 29 this year in remote mode, based on the results of the company’s financial and economic activities in 2024, it is proposed to approve a profit of UAH 1.565 million, which will be left undistributed, and accordingly, no dividends will be accrued or paid.

The shareholders intend to summarize the results of the past year, review the report of the company’s management board for the past year and make a decision based on the results of its consideration. They also plan to extend the work of the full Supervisory Board for three years, in particular, Vladimir Yarandin and Sergey Zaitsev, representing the shareholder Ukrainian Confectionery Holding LLC, and Valentina Vyshnevskaya, representing the shareholder Roshen Management Company.

In addition, the shareholders will be asked to give their consent to the company’s entering into significant transactions within one year, the nature of which is related to the issuer’s financial and economic activities and the value of which exceeds 25% of the value of assets with a maximum amount of UAH 2 billion.

According to the Opendatabot service, in 2024, PJSC Ukroptbakaliya reduced its revenue by 14.7% to UAH 89.44 million and its debt obligations by 14.1% to UAH 42.153 million. The company’s assets decreased by 4.8% to UAH 104.653 million, and the number of employees decreased by nine to 96. The authorized capital is UAH 23.667 million.

PJSC Ukroptbakaliya was founded in 1995 in Chernihiv. The company specializes in the production of spices and seasonings, which it sells under the Mriya trademark. In 2010, the company upgraded its equipment and premises, and launched a new spice packaging line. The products are packaged on Czech equipment, except for spices and seasonings, which are packaged on Italian equipment.

The ultimate beneficial owner of the company is the son of the former President of Ukraine Oleksiy Poroshenko through Roshen Confectionery Corporation (74%) and Ukrainian Confectionery Holding LLC (19%).

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