Business news from Ukraine

“Agrotrade” paid UAH 150 mln of taxes and fees

Agroholding “Agrotrade” in 2023 paid 150 million UAH of taxes and fees, of which 86 million UAH went to local budgets, reported the press service of the agroholding in Facebook.

“So far we can’t cultivate all our areas, as some of them are too close to the border and places of active hostilities – these lands suffer from constant shelling and bombing. Despite this, Agrotrade Group continues to fulfill its financial obligations to the state in a timely manner”, – said the general director of the agroholding Elena Vorona.

According to the report, the largest receipts in 2023 from the agroholding received the communities of Sumy region – 32.46 million UAH, budgets of Chernihiv and Kharkiv regions – 25.44 million UAH and 16.24 million UAH respectively, Poltava region – 11.79 million UAH. “Agrotrade” also paid more than UAH 20 mln of unified social contribution.

Realizing the importance of taxes for financing the urgent needs of Ukrainians, “Agrotrade” plans to increase deductions to the state and local budgets, summarized in the agricultural holding.

Group of companies “Agrotrade” – vertically integrated holding of the full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates more than 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Profile crops – sunflower, corn, winter wheat, soybean and rape. It has its own network of elevators with the capacity of one-time storage of 570 thousand tons.

The Group also produces corn and sunflower seed hybrids, barley and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of the seed farm “Kolos” (Kharkiv region). In 2018, Agrotrade brought its own brand Agroseeds to the market.

Vsevolod Kozhemyako is the founder and CEO of Agrotrade.

, ,

Astarta paid UAH 1.84 bln in taxes and fees

Astarta Agro Holding, the largest sugar producer in Ukraine, paid UAH 1.84 billion in taxes and fees to the budgets of all levels in January-October 2023, the company’s press service reported on Facebook.

According to the report, more than UAH 1.08 billion of this amount went to local budgets of territorial communities in Poltava, Khmelnytsky, Vinnytsia, Ternopil, Zhytomyr, Chernihiv, and Kharkiv regions. The agricultural holding transferred over UAH 753 million to the state budget.

“During the full-scale war alone, Astarta transferred over UAH 3.46 billion to the budgets of all levels. We are increasing these volumes from year to year because we are convinced that our taxes support both the budget and the people of Ukraine. This is especially true now, when the lion’s share of budget expenditures is spent on improving the country’s defense capabilities. This is our conscious choice, and I urge all Ukrainian businesses, without exception, to make this decision and pay taxes in good faith under any circumstances,” said Astarta’s founder and CEO Viktor Ivanchyk.

According to the agricultural holding, Astarta, together with Ukrainian and international partners, also continues to implement social initiatives within the Common Help Ukraine humanitarian project. The estimated value of charitable contributions and humanitarian aid provided by the project already exceeds UAH 809 million, of which UAH 56 million was allocated to the development of regional entrepreneurship in the communities where the agricultural holding operates.

“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.

In the third quarter of 2023, the agricultural holding earned EUR1.24 million in net profit, down 27.7 times compared to the same period in 2022. Astarta’s revenue decreased by 14.4% to EUR104.75 million, gross profit by 2.7 times to EUR26.96 million, operating profit by 7.6 times to EUR6.79 million, and EBITDA by 42.7% to EUR97.25 million.

Due to significantly better performance in the first half of this year compared to the first half of last year, in the first nine months of 2023, net profit decreased by 9.8% to EUR 55.97 million, while revenue increased by 14.8% to EUR 392.00 million. The company’s gross profit increased by 3.0% to EUR 151.91 million, while operating profit decreased by 15.9% to EUR 79.91 million and EBITDA by 10.8% to EUR 116.63 million.

, ,

ATB Corporation paid over UAH 12 bln of taxes and fees

Enterprises of the group of companies “ATB” according to the results of work in the first half of 2023 paid taxes and fees, including customs payments and the unified social contribution (USV), for a total amount of 12.01 billion UAH, the press service of the company reported to the agency “Interfax-Ukraine”.

According to the press release, this is 22.7% more than in the same period last year, when UAH 9.79 billion of such contributions were made.

It is specified that UAH 8.09 billion was transferred to the state budget of the country in January-June this year (against UAH 6.65 billion in the first half of 2022), UAH 2.8 billion was paid to local budgets, and UAH 1.12 billion was paid to trust funds.

ATB Corporation is an association of large Ukrainian enterprises operating in such business spheres as retail trade, asset management, production and sale of food products, provision of services in the sphere of sports and recreation. More than 70 thousand people work at the enterprises of the corporation.

As of June 1, 2023, the corporation’s retail network has 1,188 stores compared to 1,316 stores in January-2022. According to the results of the last year in the conditions of a full-scale war against Ukraine unleashed by Russia, ATB Corporation paid UAH 20.4 billion of taxes and fees to budgets of different levels – almost UAH 1 billion more than in 2021.

, ,


In March-April 2022, the Synevo laboratory paid UAH 35 million in taxes and fees to the budget, commercial director of the Synevo laboratory Mykola Skavronsky said.
“For March and April 2022, the Synevo company still paid about UAH 35 million in taxes and fees to the state,” he wrote on his Facebook page.
Skavronsky also said that in March and April 2022, the Synevo laboratory paid UAH 67 million to its employees “1.5 times more money than the entire revenue for these two months”, the total cash receipts of Synevo during this time amounted to UAH 47 million.
“Financial support for our employees in the first months of the war was provided exclusively at the expense of Synevo’s own reserves,” Skavronsky wrote.
Synevo is the largest network of laboratories in Ukraine, part of the Swedish medical holding Medicover. The Synevo network includes 320 laboratory centers operating in 125 settlements of Ukraine, as well as eight laboratories that perform more than 1,000 types of tests.
Every year, the company’s laboratory centers serve more than 4 million customers.

, , ,