Business news from Ukraine

Business news from Ukraine

“Ukrgraphite” has received UAH 83.5 mln profit in first half of year

PJSC “Ukrainian Graphite” (“Ukrgraphite”, Zaporizhzhya) according to the results of work in January-June of the current year received net profit in the amount of UAH 83.556 mln, whereas it finished the same period of the last year with net loss of UAH 22.135 mln.

According to the company’s interim report, the company increased its income by 22.6% to UAH 938.909 mln in the first half of the year.

The company’s retained earnings at the end of the first half of this year amounted to UAH 3 billion 789.045 million.

As reported, “Ukrgrafit” in January-March-2023 increased net profit 42.9 times compared to the same period of the previous year – up to UAH 70.723 million, but reduced net income by 11% to UAH 437.326 million.

“Ukrgrafit” in 2022 reduced net income by 41.4% year-on-year to UAH 1 billion 545.562 million, received a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.

“Ukrgraphit” is Ukraine’s leading producer of graphitized electrodes for electric steelmaking, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, carbon-based lining materials for enterprises of metallurgical, machine-building, chemical and other industrial complexes.

According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of PJSC, C6 Safe Group Limited (Cyprus) – 72.0394%.

Authorized capital of Private JSC is UAH 233.959 mln, nominal value of 1 share is UAH 3.35.

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Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua and experts.news

EVA expanded its network to 1,023 stores

EVA perfume and cosmetics chain opened 11 new outlets in the second quarter of 2023 and reopened 12 previously closed ones, in particular in Kherson and cities of Donetsk region, the press service of the company reported.

In total, for the first half of the year the network resumed 24 outlets and opened 22 new ones. To date, the network has 1023 working stores.

As the press service notes, the company continues to develop its online store, which has been positioned as a “beauty hypermarket” since June. According to the latest data, EVA.UA online platform offers more than 100 thousand items and takes the 4th place in the rating of online stores in the country with almost 2 million loyal customers.

Every day the online store receives about 10 thousand orders, 30% of which are from new customers.

It is expected that by the end of 2023 the share of the online store in EVA’s total sales will be at least 10% (by the end of 2022 – about 7%).

In the future, the possibility of EVA.UA work in the format of a marketplace is considered.

Reportedly, during April-June EVA also continued to implement CSR projects aimed at helping the Defense Forces and Ukrainians affected by the war. They were joined by 360 thousand customers of the network. In particular, the company’s operational headquarters fulfilled 26 requests for assistance, allocating goods from the chain’s assortment in the amount of about UAH 200 thousand. Within the framework of the fund “Come Back Alive” UAH 2.176 mln was jointly collected from 167 thousand customers of the network to help the Defense Forces of Ukraine. In May, within the framework of another joint project with the charity foundation KOLO and dobro.ua “Thank You, Mom!”. EVA transferred UAH 250 thousand to purchase a special ultrasound machine for Ivano-Frankivsk Regional Children’s Clinical Hospital.

From April to June, the network implemented projects aimed at helping victims of Russian missile attacks in Zaporizhzhya and Kryvyi Rih, as well as the Kakhovskaya HPP explosion (over UAH 709 thousand, UAH 184 thousand, and UAH 2.354 million, respectively).

About 25 thousand EVA customers joined the support of children evacuated to Turkey within the framework of the project “Childhood without War” in the second quarter and transferred 357.6 thousand UAH in the form of bonuses.

As the press service added, in the second half of 2023 EVA plans to open 28 new stores and is preparing for new projects to support the Defense Forces.

As reported, the turnover of the EVA network at the end of 2022 decreased by 7% to the previous year and amounted to 15.7 billion UAH.

RUSH LLC, which manages the EVA network, was founded in 2002. It has 52 own brands, which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, lingerie and children’s goods. BTM’s share of sales by volume in 2022 was 30.6%.

As of February 23, 2022, there were 1119 EVA stores in Ukraine. In July 2023, the chain has 1,023 operating stores. The company employs about 13.4 thousand people.

According to Opendatabot, the owner of RUSH LLC is Korpsolushin LLC (100%), the ultimate beneficiaries of the company are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.

According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8m, while the value of its assets decreased by 2.5% to UAH 10.3bn.

Authorities give Ukrainian carriers another month to update environmental friendliness class of buses

The State Service of Ukraine for Transport Safety (“Ukrtransbezopasnost”) has extended for a month – until August 31 the deadline for making changes in the environmental class of passenger buses, in the information of which is not specified class of environmental friendliness or specified environmental class “EURO-1”, the press service of the agency said on Monday.

“From September 1, if the passenger bus does not specify the class of environmental friendliness or specified environmental class “EURO-1”, to apply for crossing the border “18-60″ will become impossible”, – stressed in “Ukrtransbezopasnost”.

Environmental standard (or class) is the only established for all cars the norm of substances dangerous to the environment contained in the exhaust gases of vehicles.

To date, the newest class is “EURO-6”.

Ukraine is interested in attracting Slovak investors to energy sector of Transcarpathia

Deputy Energy Minister of Ukraine Yaroslav Demchenkov and State Secretary of the Ministry of Economy of Slovakia Peter Shvets discussed the possibilities of expanding the activity of Slovak business in the Transcarpathian region, in particular, in the area of expanding the potential of wind generation.

“There is a strong export-import potential between our countries, we are working on expanding energy corridors and creating infrastructure projects of common interest, both in the electricity and gas sectors, including renewable gases,” Demchenkov said during the meeting, as quoted by the Energy Ministry on Monday.

According to the ministry, more than 200 companies from other regions of the country have relocated to Transcarpathia since the start of the Russian occupiers’ full-scale invasion of Ukraine, causing the region’s electricity consumption to rise.

“So, it is necessary to focus on additional capacity, creation of balancing systems, strengthening of grids, implementation of new infrastructure projects, as well as development of production of equipment necessary to accelerate the green transition,” the ministry emphasized.

As noted in the Ministry of Energy, recently in one of the communities of Zakarpattia region held public hearings, where the idea of creating a wind park to cover its own demand and export electricity was positively received.

“The potential of bioenergy is also being studied,” the ministry added.

Unloading of railcars with grain in ports of Greater Odessa has almost stopped

The unloading of railcars with grain in the ports of Greater Odessa has stopped due to the stoppage of the “grain corridor”: only 10 railcars were unloaded over the past 24 hours, Ukrzaliznytsia (UZ) reported in its weekly report on Monday.

The average daily indicator of carload shipment in the ports of Greater Odessa due to the blocking of the “grain corridor” in July amounted to 80 cars/day, having deteriorated over the last week by 30 w/c.

At the same time, a slight increase in the number of railcars with grain, which move in the direction of the ports of Greater Odessa – up to 168 cars from 109 cars, the report said.

The load on the port of “Izmail”, which is an alternative for the export of grain cargoes continues to increase. Over the past week (from July 24 to July 31), the total queue of cars that move in the direction of the port amounted to 7.8 thousand cars, of this number – 3.034 thousand cars with grain. This is by 500 cars, or 19.7%, more than last week, when there were 2,534 cars in the queue.

The average daily unloading rate of grain cars at the port “Izmail” is 88 cars per day, which is 15 cars per day or 14.5% less than in the previous week.

“Due to weather conditions (wind, precipitation) and restrictions on the passage of trains, the daily unloading of grain cargo in the port “Izmail” decreased. The situation with unloading is gradually normalizing”, – it was reported.

In addition, in the direction of the transition Serpneve-1-Basarabeasca (Moldova) is fixed accumulation of about 1.3 thousand cars, including grain – 319 cars, with oil – 153 cars.

Earlier it was reported that the number of ships in the port of Izmail, according to the data of Marine Traffic monitoring application, increased to 120 on Monday against 109 last week, 32 more ships are expected to arrive. During the week, the number of ships at the port ranged from 111-113. The number of vessels at the Port of Reni decreased to 58 vessels on Monday compared to 64 last week. Another 16 vessels are expected to arrive. On Saturday there were 54 ships in the port, during the week – 58-61. Traffic has not resumed in the largest Black Sea ports.

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