PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), posted a net profit of UAH 61.6 million in January-June 2024.
According to Yegor Perelygin, interim chairman of the board of UMCC, on Facebook, EBITDA in this period amounted to UAH 139.8 million.
At the same time, sales of finished products in monetary terms increased by 39.1%. The Group sold nearly 70 thousand tons of main concentrates, which is 20 thousand tons more than in the same period last year. The Group paid UAH 211 million in taxes.
“We started the second half of the year very actively and energetically. I can say that, despite all the problems, Vilnohirsk Mining has a normal operating perspective until 2030. We have enough reserves for the economically viable operation of the plant,” said the CEO.
There are several options and scenarios for further developments after 2030, and UMCC is working on them, he added. He clarified that mining operations at Irshansky GOK were fully resumed in the second half of 2024, and two open pits are operating steadily. SOE also said that the nameplate capacity of Irshansk GOK is 2.5 million cubic meters of production.
“Having an understanding of our balance sheet reserves, we see at least 15 years of prospects at a capacity of 180-200 thousand tons per year (after all the reconstructions, this is the real passport capacity of ‘finishing’, i.e., final products). Also, don’t forget that we still have the Selyshchanska area and off-balance sheet resources,” explained the acting Chairman of the Board.
“I’ll be blunt: we have a good understanding of the future development of the entire Irshansk resource base within a time horizon of 27 years at Irshansk GOK (and even more!!!). We are calmly moving forward,” the CEO summarized.
As reported, in the first quarter of 2024, UMCC received UAH 30 million of net profit, while in the same period last year there was a loss.
UMCC started its actual operations in August 2014 after the property complexes of Vilnohirsk Mining and Metallurgical Plant and Irshansk Mining and Processing Plant were transferred to its management by the Cabinet of Ministers. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
Ukraine has scheduled the auction of a 100% stake in UMCC for October 9, 2024, via Prozorro.Sale. The starting sale price is UAH 3 billion 899.358 million.
In the second qualifying round of the Champions League away match against Partizan in Belgrade, Dynamo Kyiv once again confidently beat the Serbian club with a score of 3-0.
In the first match, Kyiv won 6-2 and thus advanced to the third qualifying round, where their opponent will be Scottish Rangers (Glasgow).
Andriy Yarmolenko, Vladyslav Vanat, and Oleksandr Karavayev scored the goals in the return match for Dynamo.
Harvest volumes of grains and pulses, mln tons
Source: Open4Business.com.ua
In January-June 2024, the OKKO filling stations network transferred UAH 9.741 billion to budgets and social funds, which is 57% or UAH 3.5 billion more than in the same period of 2023.
“We paid UAH 2.240 billion in taxes and fees directly from operating activities in the first 6 months of 2024. This amount includes VAT (except for import customs duties), retail excise, personal income tax, military duty, land fees, and the mandatory state pension insurance fee,” the company’s website reports.
In addition, another UAH 7.501 billion was paid when importing goods. As the company explained, the amount of taxes paid in this category depends on whether the group’s companies import fuel directly or buy already cleared products from foreign plants on the domestic market.
“In June 2024, the enemy destroyed two of our oil depots. In total, since the beginning of the full-scale invasion, OKKO’s losses as a result of hostilities amounted to $70 million. But we continue to work – we restore filling stations, invest, pay taxes in good faith, and help the Armed Forces,” said Nazar Kupybida, OKKO Vice President for Finance.
According to him, over the past two and a half years, OKKO Group has already paid UAH 33 billion in taxes and donated more than UAH 1.8 billion as charity to support the army and restore the country.
In the first half of 2024, each OKKO filling station paid UAH 5.629 million in taxes and fees per filling station, or UAH 0.938 million per month. This figure is 23% higher than in the first half of 2023. The payment of taxes on operating activities per 1 liter of fuel sold at OKKO filling stations amounted to UAH 3.40/l in the reporting period, which is almost UAH 1 higher than in the first half of 2023 – UAH 2.43/l.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
TAS-Dniprovagonmash LLC (DVM, Kamianske, Dnipro region), a major Ukrainian railcar manufacturer controlled by businessman Sergiy Tigipko’s TAS Financial and Industrial Group, ended January-June 2024 with a net profit of UAH 18.85 million, three times less than in the same period in 2023.
According to the company’s interim reports, published on Tuesday in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income in the first half of the year increased by 37.8% to UAH 796.47 million.
The company reduced its gross profit by 3% to UAH 78.4 million, earning UAH 26.44 million in operating profit (2.2 times less).
As reported, in the first quarter of this year, TAS Dneprovagonmash reduced its net profit by 5.2 times compared to the same period in 2023, to UAH 7.17 million, with a 4.4% decrease in revenue to UAH 379.24 million.
Thus, in the second quarter of 2014, the company reduced its net profit by 44% year-on-year to UAH 11.68 million, while net revenue increased by 30.4% to UAH 417.22 million.
In April-June, the plant’s production capacity was utilized by 22%, and the equipment utilization rate was 26%,
The report notes that in the second quarter of 2024, the plant produced 140 freight cars (177 units in the first quarter), which accounted for 23% of the total Ukrainian production (28% in the first quarter). Its main competitors include Kryukiv Carriage Works, Karpaty Railcar Plant, and Ukrzaliznytsia plants.
The average selling price of a freight car is UAH 2.215 million. Key customers: “TAS Poltavagon, MTB Bank, TAS Logistic, and Tecom Leasing.
According to the company, exports for this period amounted to UAH 3.4 million (0.8% of sales in the second quarter).
As noted in the report, TAS Dneprovagonmash’s annual budget for 2024 provides for the supply of 26 units of products to the European market.
“In the second quarter of 2024, the freight base of railway logistics in Ukraine showed an upward trend – +2%, or +0.9 million tons, compared to the first quarter of 2024 and +27.3%, or +9.8 million tons, compared to the same period in 2023. This, in turn, contributed to an increase in demand for newly built freight cars,” the statement said.
At the same time, the company continues to note the presence of factors restraining the dynamics of car building, in particular massive shelling, the abolition of restrictions on the maximum service life of cars in 2021, and an increase in the rolling stock turnover due to the lack of traction rolling stock at Ukrzaliznytsia.
“However, in general, in the second quarter, the production of freight rolling stock by Ukrainian enterprises tended to grow. The work of the Ukrainian Corridor (transport – IF-U), namely the Black Sea routes, remains a key factor in the growth of cargo turnover and the formation of demand for freight cars,” the document states.
As reported, at the beginning of 2023, TAS Group became a strategic investor in the TransAnt GmbH railcar building joint venture of Austrian Voestalpine and ÖBB Rail Cargo with a 40% stake, and in the spring of 2024 it became the majority owner of TransAnt, increasing its stake to 61%.
According to the company, in the second quarter of 2024, it shipped platform cars as part of the project.
This year, the company intends to invest UAH 100.2 million in the development of the European direction (for the purchase of equipment).
As reported, the company produced 378 freight cars in 2023 (including for the EU market), which is 34.8% less than in 2022, while sales decreased by 40.6% to 370 units. Revenue decreased by 2.8% to UAH 1 billion 77 million, while net profit increased slightly to UAH 49.2 million.
TAS Group was founded in 1998 by businessman Tigipko. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
In January-June 2024, JSC Ukrgasvydobuvannya paid UAH 11.02 billion of rent payments to the consolidated budget of the country.
“Of this amount, 5%, or UAH 551.03 million, goes to the budgets of local and regional levels in the regions where the company produces hydrocarbons,” the company’s website said on Wednesday.
In particular, Kharkiv region will receive UAH 284.66 million, Poltava region – UAH 220.36 million, Lviv region – UAH 22.76 million, Dnipropetrovs’k region – UAH 10.76 million, and others – UAH 12.49 million.
As reported, in 2022, Ukrgasvydobuvannya produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021. At the end of 2023, commercial gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
