Aviation company FED JSC (Kharkiv) completed July-September 2024 with a net profit of UAH 85.76 million, which is 3.7 times more than in the third quarter of 2023, with net income growing by 29.4% to UAH 300.27 million.
This result follows from the company’s interim financial statements for January-September, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), according to which net profit almost halved to UAH 140.32 million and net income decreased by 35.2% to UAH 586.67 million during this period.
For its part, as reported, in the first half of the year, FED reduced its net profit by 4.6 times compared to the same period in 2023 – to UAH 54.56 million, while net income fell by 2.4 times – to UAH 286.41 million.
Thus, the company managed to significantly improve its financial performance in the third quarter.
“Currently, the main significant problems of the Company are military aggression against Ukraine, low solvency of customers and financial and economic instability in the country. All other problems are solved through a “dialogue” with the relevant government agencies in the form prescribed by law,” the report says.
The plant also emphasizes that damage to infrastructure or blockage of transportation routes may lead to further delays in production and logistics, which will negatively affect its operating performance.
“In the context of the economic crisis, the credit burden is growing, which may affect FED’s ability to finance current expenses and make investments,” the document says.
The company also considers uncertainty in foreign markets to be a significant risk factor.
“FED is one of the leading enterprises in Ukraine, specializing in the development, production, maintenance and repair of aviation, space and general engineering units.
According to the report, as of October 1, 2024, the company employs more than 1030 people.
As reported, in 2023, FED increased its net profit by 2.2 times compared to 2022, to UAH 318.33 million. Net income almost doubled to UAH 1 billion 127 million.
In January-September 2024, Nova Poshta, the leader in express delivery in Ukraine, reduced its net profit by 1.9 times compared to the same period in 2023, to UAH 1.65 billion.
According to the company’s interim financial statements for January-September, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), net income increased by 16.4% to UAH 30.81 billion.
At the same time, the company’s gross profit increased by 6.4% to UAH 5.86 billion, while operating profit decreased by 10.5% to UAH 2.44 billion.
In the first nine months of 2024, the number of delivered parcels and cargoes amounted to 336 million, which is 16% more than in the same period in 2023.
“In January-September, Nova Poshta opened 5,518 new branches and post offices. The network grew all over Ukraine, including in the frontline areas, where 126 new branches and post offices were opened.
During this period, the company paid UAH 6.7 billion in taxes in Ukraine, which is 4% more than in the corresponding period of 2023.
Since the beginning of the year, Nova Poshta has invested UAH 4.1 billion in its development in Ukraine, which is 1.7 times more than in the same period last year (UAH 2.4 billion).
As part of the Humanitarian Mail of Ukraine program, the company makes shipments for the military from charitable foundations and volunteers at its own expense. In the first nine months of this year, the company delivered 1.2 million parcels. Since the beginning of the full-scale invasion, it has delivered almost 2.5 million.
“Nova Poshta provides a range of logistics services, delivering both small parcels and large cargo. The company provides express delivery of documents, parcels and bulky goods; postal and courier services to businesses, organizations and individuals; loading and unloading services, warehousing and storage; and transport activities – Nova Poshta provides delivery to each client – to the branch, post office, or address. The company also provides logistics and distribution services.
“Nova Poshta has about 12,000 offices across Ukraine and more than 20,000 post offices. The average number of employees is 35 thousand.
Forecast of changes in discount rate of National bank of Ukraine, %
Open4Business.com.ua
Pharmacy sales in Ukraine in January-September 2024 increased by 12% in monetary terms compared to the same period in 2023 – up to UAH 141.17 billion, while in physical terms it decreased by 4.97% – to almost 862.731 million packs.
According to Business Credit, according to its research, the weighted average price of pharmacy basket items during this period was UAH 163.64, which is 17.9% more than in the same period in 2023.
At the same time, pharmacy sales of medicines in January-September 2024 amounted to UAH 110.667 billion, which is 12.3% more than in the same period in 2023, but in physical terms, pharmacy sales of medicines decreased by 5.48% to 602.525 million packs.
The weighted average retail price of medicines in January-September 2024 amounted to UAH 183.67 per unit, which is 18.8% more than a year earlier.
Pharmacy sales of dietary supplements in the first nine months of the year increased by 13.16% to UAH 14.378 billion in monetary terms, while in physical terms they decreased by almost 3.17% to 72.098 million packs. The weighted average price in this segment in the first half of the year increased by 16.87% compared to the same period in 2023 to UAH 199.42 per unit.
As reported, in January-June 2024, pharmacy sales in Ukraine increased by 12.67% in monetary terms compared to the same period in 2023 to UAH 94.784 billion, while in physical terms they decreased by 4.7% to 583.21 million packs. The weighted average price of pharmacy basket products during this period amounted to UAH 162.52, which is 18.25% more than in the same period of 2023.
At the same time, pharmacy sales of medicinal products in January-June 2024 amounted to UAH 74.258 billion, which is 12.68% more than in the same period of 2023, but in physical terms decreased by 5.13% to 408.796 million packs. The weighted average retail price of medicines in January-June 2024 amounted to UAH 181.65 per unit, which is 18.67% more than a year earlier.
USAID’s Investing for Business Sustainability project has signed four co-investment agreements with Ukrainian companies for $6 million under the Business Growth Support Program, the project’s press office reported on Facebook.
“The goal of the program was to support companies that will be able to quickly increase exports, sales and create new jobs,” the program stressed.
Among the recipients is Delta Food agro-industrial group (TM Gulyai-pole), which produces more than 90% of mayonnaise products on the Ukrainian market. The company received financing of $1 mln to develop production of sauces in glass containers with subsequent export to the Baltic States and for realization on the domestic market.
Uterm Ukraine LLC (Bila Tserkva, Kyiv region), a leading Ukrainian manufacturer of steel heating radiators, received $2 mln to expand its production after relocation. The company is expected to create 250+ new jobs.
Suziria Group, which specializes in pet products, also received $2M to expand its network of production facilities. With financial support from the project and a $4.5 loan from Oschadbank, the company has ordered new equipment and is preparing to launch a wet cat food plant.
In addition, Karat LLC, a carpet manufacturer, received $1 million from the project and attracted additional bank financing to purchase raw materials. This allowed the company to retain 725 jobs, resume export activities, and approach pre-war production levels.
USAID’s Investing for Business Resilience (IBR) project is a five-year program implemented by DAI Global that supports systemic change in Ukraine’s economy and increases the supply of financing available to Ukrainian businesses.
NPC Ukrenergo currently sees no reason to introduce schedules for limiting electricity consumption for households, the company said on Telegram.
“The drop in air temperature at the beginning of next week will indeed predictably lead to an increase in energy consumption. But whether this will require the use of blackouts (in particular, for household consumers) can only be predicted by NPC Ukrenergo, which has not yet provided any forecasts on the application of restrictive measures,” the company said in a statement on Friday.
It is emphasized that Ukrenergo, together with the Ministry of Energy, regional military administrations and energy companies, is doing everything possible to ensure that there is no need to apply blackouts now.
As reported, Volodymyr Velychko, an independent member of Centrenergo’s supervisory board, said in a comment to Interfax-Ukraine that hourly power outage schedules could start as early as next week with a significant drop in temperature.
In response, Centrenergo called the assumption of possible power outages the personal opinion of a member of its supervisory board.
Schedules of power supply restrictions for households are introduced after other measures to balance the power system, such as internal reserves, imports, emergency assistance, and schedules of restrictions for industry, have been exhausted.
