The aviation industry enterprise FED JSC (Kharkiv) in January-June 2022 received a net income of UAH 228.18 million, which is 2.7 times less than in the same period of 2021.
According to the interim financial statements of the enterprise, published in the information disclosure system of the National Commission for Securities and Stock Market (NCSM), its net profit in the first half of the year decreased by almost 9 times – to UAH 19.84 million.
FED received UAH 26.48 million of net profit from operating activities against UAH 223.3 million a year earlier, while gross profit decreased 3.4 times, to UAH 88.36 million.
The report notes that the suspension of the company’s activities during the war period affected the financial statements, resulting in, in particular, a decrease in revenues. At the same time, the report does not indicate the period for which the work was suspended.
According to the company’s previously published statements for the first quarter of this year, its net income for this period decreased by 40% – to UAH 170.35 million, and net profit by 39% – to UAH 40.12 million.
Thus, in the second quarter of this year, the FED received a loss of UAH 20.28 million against a net profit of UAH 110.19 in April-June 2021, and net income decreased by 5.8 times to UAH 57.83 million.
JSC “FED” is one of the leading enterprises in Ukraine, specializes in the development, production, maintenance and repair of units for aviation, space and general engineering purposes. Export geography includes EU countries, China, South Korea, India, UAE.
In 2021, according to preliminary data, the company increased its net profit by 55% by 2020 – up to UAH 395.37 million, net income has not yet been made public.
By the beginning of 2021, the company employed more than 940 people.
More than 98% of the shares of JSC “FED”, according to the National Securities and Stock Market, belongs to the head of the board Viktor Popov.
PrJSC Zaporizhkoks, one of the largest Ukrainian producers of coke and chemical products, part of Metinvest Group, invested UAH 348.6 million to modernize the enterprise in 2019.
According to a company press release on Friday, April 17, the plant received cost advantages of UAH 35 million from the introduction of energy efficiency measures.
At the same time, a new line for granulation of electrode pitch was put into operation in 2019, which allowed increasing the output of high-margin products.
“The company successfully implements energy efficiency projects. The project for the exchange of secondary gases between enterprises has brought about UAH 1.4 billion of cost advantages over the past three years. Zaporizhkoks partially switched to the supply of compressed air from Zaporizhstal in November 2019. Due to this, the enterprise will additionally save about UAH 3.1 million per year,” the enterprise said in a press release.
Due to the renewal of production facilities, the enterprise produced 888,900 tonnes of coke in 2019, which is 5% higher than the business plan. Under current production conditions, the annual program for the overhaul of coke oven batteries No. 2 and No. 5-6 was implemented with an investment amount of UAH 130 million.
Over the year, the plant was replenished with new technological equipment – a quencher for coke oven battery No. 2 and a door extracting machine for coke oven battery No. 5-6. The company’s investments in updating the plant amounted to more than UAH 70 million.
Investments in labor protection projects amounted to UAH 5.9 million, which was a record amount. Moreover, UAH 13.7 million was allocated to the development of the social sphere, employee salaries for the year were increased by 38.4%. The level of taxes and fees to budgets of all levels amounted to UAH 367.4 million.
Zaporizhkoks produces about 10% of coke produced in Ukraine, owns a full technological cycle of processing coke chemical products. In addition, it produces coke oven gas and pitch coke.
Metinvest is a vertically integrated group of mining companies. Its main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
The Ministry of Energy and Environment Protection is creating Ukrvuhillia state-owned enterprise. Corresponding order No. 13 of January 14, 2020 was posted on the website of the department. The document also approves the charter of the enterprise, and obliges the HR department to take measures regarding the appointment of the head of the enterprise.
The ministry said the decision to create Ukrvuhillia was made with the aim of eliminating the shortcomings of the current system of selling coal mined by state-owned coal mining enterprises, conducting a unified state policy regarding the extraction, processing and sale of coal, optimizing the structure of the procurement market, in particular imports, and creating a single platform for a rapid response to the problems of the coal industry.
The main idea of creating the enterprise is to ensure the proper and transparent functioning of the coal market, to protect Ukrainian producers from the influence of uncontrolled imports, as well as to sustainably meet the needs of domestic consumers in scarce grades of coal.
