Changes in consolidated budget expenditures in 2021-2023 (%)
Source: Open4Business.com.ua and experts.news
PJSC “Dniprometiz” (Dnipro) of Ukrainian businessman Serhiy Tihipko following the results of work in January-June this year received a net profit of UAH 17.253 million, while the same period last year ended with a net loss of UAH 12.346 million.
According to the company’s interim report, in the first half of 2023, net income increased by 15.4% to UAH 1 billion 426.222 million.
At the same time, the company’s retained earnings by the end of June 2023 amounted to UAH 257.336 million.
As reported, “Dneprometiz” at the end of January-March of this year received a net profit of UAH 17.581 million, while ended the same period last year with a net loss of UAH 8.645 million. For the first quarter of 2023 net income increased by 54% to UAH 683.802 million.
“Dneprometiz” in 2022 decreased net profit six times compared to the previous year – to 25.572 million UAH, net income increased by 1.1% – to 2 billion 474.397 million UAH.
“Dneprometiz” produces hardware products from low-carbon steels. The capacity of the enterprise is 120 thousand tons of products per year.
According to the NDU data for the first quarter of 2023, T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578% of Dneprometiz shares.
The authorized capital of Dniprometiz PJSC is UAH 83.480 mln, the nominal value of a share is UAH 68.08.
Germany has handed over a new aid package to the Ukrainian army, which includes vehicles, drones and ammunition, the press service of the German government has reported.
Thus, according to the published list, the new aid package includes 10 tracked all-terrain vehicles Bandvagn 206 (BV206), 13 reconnaissance drones Vector, 20 reconnaissance drones RQ-35 Heidrun, 6 anti-aircraft self-propelled launchers Gepard and 15 thousand ammunition for them, 2.6 thousand smoke shells of 155 mm caliber.
In addition, 8 ambulances and 8 dental sterilizers were handed over.
“Ukrtelecom, Ukraine’s largest fixed-line operator, posted an EBITDA profit of more than UAH 700 million in January-June 2023, while its EBITDA margin rose to 27.8%, the company said on Friday.
“Even in the difficult conditions of operating during a full-scale war, Ukrtelecom demonstrates a stable high level of operational efficiency… Based on its results in the first half of the year, Ukrtelecom generated total revenue of more than UAH 2.5 billion,” the telecom operator said in a press release.
A full quarterly report is not yet available, but for the first half of 2022 Ukrtelecom reported an EBITDA margin of 24.3%, which, given the reported total revenue of UAH 2.9 billion, allows the company to estimate EBITDA for that period at UAH 705 million and talk about maintaining this figure in the first half of 2023, despite a decline in total revenue by about 14%.
In the first half of pre-war 2021, the company generated UAH 3.4 billion in total revenue (up 10%), its EBITDA amounted to UAH 1.1 billion (+29%), and its EBITDA margin was 31.3% (+4.5 percentage points).
The press release notes that Ukrtelecom continues to operate, providing access to Internet services at 88% of the number of settlements covered by the operator’s network prior to the full-scale Russian invasion. At the same time, the number of optical Internet subscribers increased by 10% year-on-year to 320,000.
“In the conditions of martial law, the company continues to meet the demand for optical internet connection, accordingly the subscriber base of users connected via optics is increasing,” it said.
In 2023, Ukrtelecom has already built 2.023 thousand km of fiber-optic lines. 80 medical and 82 educational institutions and almost 20 business objects are connected to high-speed optical Internet. In general, as of the beginning of July, more than 1.7 thousand educational and 1.28 thousand medical institutions, as well as 550 territorial communities have fiber optics from Ukrtelecom.
“Despite the difficult economic conditions, Ukrtelecom continues to effectively dispose of the property that is released due to the modernization of technological infrastructure,” the company stressed.
Revenues for the first half of the year from commercial lease of property amounted to UAH 230 million, the statement said.
According to preliminary data, the direct losses of the company from the buildings destroyed in the occupation troops of the Russian Federation, lost equipment, telecom networks and other assets in the temporarily occupied territories amount to about 700 million UAH, and in general, the total devastating consequences of Russian aggression for “Ukrtelecom” are estimated at 2.8 billion UAH, which is mainly due to the economic depreciation of operating assets.
“During the full-scale war, the company lost a number of real estate in temporarily occupied settlements, quite a few buildings are damaged and destroyed by the enemy,” Ukrtelecom pointed out.
The company also reports on reorganization, within the framework of which, in order to increase the efficiency of telecom business, generation of new opportunities for its development, as well as consolidation of responsibility for telecom revenues, a commercial directorate was created, which united the directions of development of corporate and mass segments and inter-operator telecom business.
“The company is implementing new important projects and decisions regarding business improvement and development… The reorganization will unify and increase the efficiency of business processes, introduce new interesting products, as well as methods of sales organization and customer service,” the release said.
It is also said that Ukrtelecom fulfills its obligations to the state, having paid over UAH 750 mln of taxes to budgets of all levels in January-June 2023.
In addition, the company implemented another project on large-scale assistance to the AFU – more than 20 units of the Defense Forces were provided with almost 2.5 thousand special hardware and software. During the full-scale war, the company sent dozens of UAVs, including Valkyrie and Leleka unmanned aerial systems, to the defenders as part of the Steel Front initiative of businessman Rinat Akhmetov. About 65 million hryvnias of financial aid has already been directed to the needs of the defenders, more than 230 cars from the corporate fleet have been handed over.
More than 370 employees of Ukrtelecom are defending the Ukrainian soil in the ranks of the AFU.
The action of the electronic system “Electronic Border Crossing Queue” (“eCheck”) will be extended to buses carrying out international passenger transportation and passenger cars.
As the representative of the Cabinet of Ministers in the Parliament Taras Melnychuk reported in a telegram channel, the government introduced the relevant amendments to the Resolution No. 1349 on the peculiarities of the implementation of the electronic system “e Queue” at the meeting on Friday.
The State Service of Ukraine for Transport Security (“Ukrtransbezopasnost”) specified that from August 1, the electronic queue for passenger carriers starts operating in a test mode at the Yahodyn-Dorogusk BCP.
“From Tuesday, August 1, the movement of buses of regular flights through the IACP “Yagodin – Dorogusk” will be possible only by entry in the Electronic queue of border crossing on the site”, – stated in the message of the Department in the telegram channel.
It is noted that the record in the “e Queue” for passenger carriers opens on July 31.
The agency specified that the bus driver can extend the queue once in 4, 6, 8 or 10 hours, if he needed more time on the road. At the same time, the data on the driver or vehicle can be changed once without losing a place in the queue.
In “Ukrtransbezopasnost” added that the schedule of buses will remain unchanged. Registered carriers should arrive at the checkpoint at the time stipulated by the bus route.
In the test period, the System will not offer entry times at the checkpoint for buses.
As reported, the Electronic Border Crossing Queue project is implemented by the Ministry of Community Development, Territories and Infrastructure in cooperation with the Ministry of Digital Transformation, Ukrtransbezopasnost, State Agency for Infrastructure Rehabilitation and Development, State Customs Service and State Border Guard Service with the support of USAID/UK aid of the Transparency and Accountability in Public Administration and Services/TAPAS project.
Agriculture and Rural Development Minister Robert Telusz has assured the Sejm that the ban on imports of Ukrainian grain to Poland will continue after September 15, polskieradio.pl reported.
“Prime Minister Mateusz Morawiecki and Polish Deputy Prime Minister Jaroslaw Kaczynski made it clear: Ukrainian grain will not enter Poland after September 15. We will protect Polish agriculture,” Telusz said.
In mid-September, the ban on imports of wheat, corn, sunflower seeds and rapeseed from Ukraine to Poland, Slovakia, Bulgaria, Romania and Hungary will expire.
Five of Ukraine’s neighboring countries are in favor of extending the ban at least until the end of the year.
Polish Prime Minister Mateusz Morawiecki said that Poland would maintain the existing ban even without the consent of the European Commission.
As reported, Ukrainian Prime Minister Denys Shmygal considers Poland’s intention to continue blocking the export of Ukrainian grain amid Russia’s aggression as “an unfriendly and populist step” that “will hit the world food security and Ukraine’s economy hard”. He called on the European Commission to ensure unimpeded export of Ukrainian food to the EU.
In her turn, First Deputy Prime Minister and Economics and Trade Minister Yuliya Sviridenko admitted that Ukraine might introduce mirror measures against some products from Poland.
