Pozniaky-Zhyl-Bud (Kyiv) in 2020 saw a net loss of UAH 21.304 million, which is 20% lower than the result of 2019 (UAH 17.631 million loss), follows from the agenda of a shareholders’ meeting scheduled for April 29, 2021, promulgated in the information disclosure system of the National Securities and Stock Market Commission of Ukraine.
The uncovered loss of the company over the year reached UAH 17.044 million against UAH 4.260 million of retained earnings for the previous year.
Current liabilities increased by 3.4 times, to UAH 855.882 million, while long-term liabilities decreased to UAH 443.352 million from UAH 664.757 million.
In addition, it is reported that by December 31, 2020, the company’s assets increased by 44%, to UAH 1.368 billion, while cash and its equivalent almost halved, to UAH 3.626 million. The total debtor indebtedness increased by 1.5 times, to UAH 331.8 million.
The net worth of Pozniaky-Zhyl-Bud in 2020 was negative, minus UAH 16.869 million.
KAN Development (Kyiv) is designing two projects of gated residential communities in Kyiv, which will have a house for rental, the founder of the company, Ihor Nikonov, has said. “We have acquired two land parcels for projects of gated residential communities. We are currently developing them. However, we cannot predict whether there will be demand. We just have to take and make a new product on the market: housing in private houses within the city. I’ll say right ow this will not be townhouses – they did not take root in our market,” he said in an exclusive interview with Interfax-Ukraine.
According to him, the land area is approximately 30 hectares. Both projects are designed for 160-200 houses. Infrastructure will include a kindergarten with an elementary school, a kids club, a restaurant, and a swimming pool.
“We are trying to make a rental house under the project, where one can rent apartments for staff or relatives who have come to stay. All these are attributes of a comfortable life. I personally try to develop the concept of life without a car. It will be our goal in new projects. To live constantly on wheels is absolutely uncomfortable and inefficient,” the founder of KAN Development said.
As he said, currently there are no offers of gated residential communities in the Kyiv’s market, all projects in this segment are being implemented in the suburbs.
In addition, he said that in 2020, KAN Development plans to launch a new business-class complex project in the center of Kyiv.
“We still plan to diversify the risks and carry out several projects of different categories at the same time. This year, I think, we will launch three projects. We have begun a comprehensive business class development project in the center of Kyiv. I think that we will bring it to the market in 2020,” he said.
The business confidence indicator in the construction market of Ukraine in the first quarter of 2019 increased by 4.8 percentage points (p.p.) compared to the fourth quarter of 2018, to minus 12.5%. According to the poll of construction companies by the State Statistics Service, the assessment of a shortage of the current volume of orders fell by 10 p.p., to minus 30%.
According to the results of the survey, 32% of companies rated their current order volume as insufficient, 65% as normal for the season and only 2% as exceeding the norm.
Some 44% of respondents expect an increase in prices for their services in the first quarter of this year, which is 1 p.p. more than in the fourth quarter of 2018, while 2% of the companies surveyed predict a decrease in the cost of construction work, and 54% do not expect any changes in the price policy.
According to the service, companies participating in the survey are provided with orders for an average of five months, which corresponds to the indicators of 2018.
The service said in the first quarter unfavorable weather conditions will more affect the work of construction companies, and 39% of respondents will continue to experience financial constraints. In addition, 20% of companies will be constrained by an insufficient demand, 18% by a shortage of workforce.
Some 20% of the companies surveyed expect a reduction in the number of their employees in January-March 2019, while 16% predict an increase in the number of employees.
The business confidence indicator in the construction market of Ukraine in the third quarter of 2018 improved by 2.8 percentage points (p.p.) compared to the second quarter, but remained negative at minus 18.7%. According to the survey of construction companies by the State Statistics Service, the assessment of a shortage of the current volume of orders reduced by 5 percentage points, to minus 40%, which corresponds to the situation in the first quarter of 2018.
According to the results of the survey, 42% of companies rated their current order volume as insufficient, 55% as normal for the season and only 2% as exceeding the norm.
Some 39% of respondents expect an increase in prices for their services in the third quarter of this year, which is 6 p.p. less than in the second quarter, while 2% of the companies surveyed predict a decrease in the cost of construction work, and 58% do not expect any changes in the price policy.
According to the service, companies participating in the survey are provided with orders for an average of five months, which corresponds to the indicators of the first and second quarters of this year.
The service said in the third quarter unfavorable weather conditions will not affect the work of construction companies, but 45% of respondents will continue to experience financial constraints. In addition, 27% of companies will be constrained by an insufficient demand, 19% by a shortage of labor.
Some 13% of the companies surveyed expect a reduction in the number of their employees in July-September 2018, while 22% predict an increase in the number of employees.
