The Cabinet of Ministers approved the financial plan of PJSC Ukrnafta for 2023, which provides for 12 billion UAH of net profit, the head of the company Serhiy Koretskyy said on Facebook on Monday.
“For the first time in the years of the company’s existence, this document was prepared in accordance with the requirements of the law of Ukraine “On management of state property” and received five mandatory conclusions of the ministries,” Koretsky wrote.
The conclusions, in particular, received from the ministries of economy, defense, energy, digital transformation and finance.
The document provides for the company on the results of activity in 2023 74 billion UAH of net income, 12 billion UAH of net profit, 25 billion UAH of tax payments in favor of the state, including rent, income tax, VAT, payroll taxation, as well as 9 billion UAH of investments, including a record 5.5 billion UAH of investments in production.
“The actual results of work, which we openly communicate, prove that managerial decisions taken by the team are able to provide a stable rhythmic work of the enterprise and, as a consequence, the growth of income and profits,” said the head of Ukrnafta.
As it was reported, Ukrnafta finished the first quarter of 2023 with a net profit of UAH 4.3 billion.
This figure is equal to net profit received by the company for the whole 2020 (UAH 4.3 billion) and almost twice as much as the result for 2021 (UAH 2.4 billion).
Ukrnafta’s average daily oil output in the first quarter of 2023 amounted to 3.926 thousand tons, while the average daily output in 2022 was 3.753 thousand tons.
On November 5, 2022, the Supreme Commander in Chief decided to confiscate Ukrnafta shares (except for the controlling interest in Naftohaz Ukrainy) as military property of the state for the period of martial law. Prior to the seizure, the structures of Ihor Kolomoyskyy and Hennadiy Boholyubov owned about 42% of Ukrnafta shares.
As of the end of March 2023, Ukrnafta had 89 fields with 3.7 thousand oil and gas wells. The company operates 451 petrol stations.
“Ukrnafta in 2022 reduced its production of oil with condensate by 8.6% compared to 2021 – to 1.37 million tons.
“Ukrnafta” in 2023 plans to increase oil production by 5.8% (by 0.08 million tons) compared to last year – to 1.45 million tons, gas – by 0.3% (by 0.003 million cubic meters), to 1.04 billion cubic meters
The Government of Ukraine, two days before the end of 2021, approved a financial plan for it for JSC Odesa Port-Side Plant, which assumes a net profit of UAH 106.995 million.
Relevant order of the Cabinet of Ministers No. 1781 of December 29 was published on its website on Friday, December 31.
The financial plan itself is absent in the publication, however, according to its explanatory note published on the government website, due to a loss of Odesa Port-Side Plant in the 2020 tax declaration in the amount of UAH 5.02 billion, dividends are not planned for 2021.
The explanatory note does not contain other details of the financial plan, but it says about the intention to receive an overpayment of income tax in the amount of UAH 320.6 million by the end of this year.
Odesa Port-Side Plant manufactures chemical products, and is also engaged in transshipment of chemical products to sea transport.
Yuzhny port’s fleet received more than UAH 24 million in income in March 2020, the enterprise’s press service has said.
According to Yuzhny, the figure obtained is 224% of the monthly financial plan. This result of the work was ensured by a large number of ship calls and fire-fighting services for cargo operations at berth No. 3H of Yuzhny port.
Earlier, the port reported that in March 2020 the company handled 1.777 million tonnes of cargo, which exceeds the previous absolute record for a monthly transshipment of 1.650 million tonnes in March 2014 by 127,200 tonnes.
Over the past month, the company accepted 25 vessels, 14 of which are vessels of the Capesize type. The number of large-capacity bulk carriers with a deadweight of more than 150,000 tonnes doubled compared to March 2019.
Darnitsa pharma company purchases hydroxychloroquine, awaits delivery to Ukraine
KYIV. April 8 (Interfax-Ukraine) – Darnitsa pharmaceutical company (Kyiv) purchased hydroxychloroquine for production of medicines and awaits its delivery to Ukraine, Board Chairman of Darnitsa Group Dmytro Shymkiv has said.
“We are already transporting the active substance, namely hydroxychloroquine, to Ukraine. We managed to reserve it for ourselves at a time when most countries closed the export of this substance,” he told Interfax-Ukraine.
Shymkiv said that Darnitsa pharmaceutical company is ready to produce hydroxychloroquine medicines, however, “the main precondition for this is active steps in regulatory matters from the Health Ministry,” he said.
Shymkiv said that Darnitsa specialists studied the experience of treating the coronavirus disease (COVID-19) in China, European countries and the United States, where patients infected with COVID-19 using medicines with hydroxychloroquine are treated as part of clinical trials. Moreover, a precondition for such therapy is the patient’s consent to treatment with the experimental medicine.
“Today, we expect the Health Ministry to follow the measures prescribed in the new laws on health protection and on medicines, which came into force on April 1, 2020. Then we can move on,” he said.
Darnitsa pharmaceutical company is one of the ten largest pharmaceutical manufacturers in Ukraine and the top ten largest hospital suppliers.
The Cabinet of Ministers of Ukraine with resolution No. 133 dated March 6, 2019 approved the consolidated financial plan of JSC Ukrzaliznytsia, taking into account the indexation of cargo transportation tariffs by 14.2% from April 1, 2019, the automated indexation of regulated tariffs for transportation of cargo and related services from May 1 by 2.5%, from August by 5% and from November 1 by 7.5%.
According to an explanatory note to the financial plan posted on the website of Ukrzaliznytsia, it also provides for quarterly indexation of prices for unregulated goods (labor and services) by the industrial price index, which will enable the company to hedge currency risks in its loan portfolio. Also, the unification of tariff classes is taken into account in the calculation of income from freight traffic in 2019.
A total of 331 million tonnes of cargo is planned to be transported in 2019, which is 4.8% less than planned for 2018. As a result, revenues from the transportation of goods are projected at UAH 83.991 billion, which is UAH 12 billion (or 16.7%) more than in the 2018 plan.
In 2019, Ukrzaliznytsia plans to transport 201 million passengers, which corresponds to the planned figures for 2018. Revenues from passenger transportation are planned at UAH 10.14 billion, which is UAH 1.64 billion (or 19.3%) more than the plan for 2018.
An increase in tariffs for these services from April 1, by an average of 13-21%, depending on the category of train and the type of car, will contributed to the growth of income from passenger transportation will ensure.
Expenses on the implementation of transportation services, which make up 82.5% of the expenditure part of the financial plan, are planned in the amount of UAH 84.68 billion, which is UAH 9.49 billion (or 12.6%) more than the plan for 2018. Their increase is expected thanks to the growth in traffic volumes, higher prices for material resources, and an increase in labor costs.
In addition, the financial plan takes into account the increase in land tax expenses in connection with the abolition of 0.25% privilege for the use of land parcels.
Also, the draft financial plan for 2019 envisages borrowings in the amount of UAH 49.4 billion, and the payment of loans in the amount of UAH 44.4 billion. As of January 1, 2019, the balance of financial obligations is expected to be UAH 37.3 billion (with the exchange rate of UAH 27.70/$1), at the end of the year the balance is planned to be UAH 43.9 billion (with the exchange rate of UAH 29.40/$1).
“The increase in the loan portfolio of JSC Ukrzaliznytsia at the end of 2019 is influenced by the exchange rate difference between the U.S. dollar and hryvnia at the beginning and the end of 2019: a rise by UAH 1.70,” Ukrzaliznytsia said in the document.
In addition, income from writing off property of Ukrzaliznytsia is planned in the amount of UAH 2.62 billion.
The company’s net profit in 2019 is projected at UAH 4.52 billion, which is UAH 3.81 billion (six times) more than the plan for 2018.
“The growth of the company’s profitability is thanks, first of all, to the introduction of the procedure for writing off property, the indexation of tariffs for transportation and cost optimization,” the company said in the explanatory note to the document.
In addition, according to the financial plan, Ukrzaliznytsia in 2019 intends to increase earnings before interest, taxes, depreciation and amortization (EBITDA) by 25.4%, to UAH 25.048 billion, EBITDA margin by 1.8 percentage points compared with the plan for 2018.
The draft plan for 2019 provides for capital investments in the amount of UAH 18.02 billion. In particular, it is planned to purchase and manufacture the rolling stock for a total amount of UAH 5.08 billion – 2,153 railcar cars (including 2,150 gondola cars at the expense of the EBRD), and also to purchase 15 main-line diesel freight locomotives from General Electric for UAH 1.57 billion in financial leasing.
The Cabinet of Ministers of Ukraine has approved a financial plan of state-owned enterprise (SOE) Boryspil International Airport (Kyiv), the largest airport of the country, for 2018 with the projected net profit of UAH 1.388 billion. This is outlined in a government resolution passed at a meeting on April 11, 2018, a copy of which is available to Interfax-Ukraine.
According to the document, net revenue in 2018 is planned in the amount of UAH 3.93 billion, gross profit – UAH 2.156 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) – UAH 2.473 billion, and EBITDA margin – 69.9%.
Pretax profit could be UAH 1.695 billion, payments to the state – UAH 1.923 billion and capital investment – UAH 2.263 billion.
Boryspil International Airport is the main airport of Ukraine. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo complexes are located on the territory of the airport.
