Business news from Ukraine

“Ukrgraphit” increased its profit by 43 times in 3 months

Ukrgraphite (Zaporizhia) increased its net profit by 42.9 times in January-March this year as compared to the similar period of the previous year – up to UAH 70.723 mln.
According to the interim report of the company, in the first quarter the company decreased its net profit by 11% – to UAH 437.326 mln.
The undistributed profits of the company as of the end of the first quarter of this year amounted to UAH 3 bln 776.257 mln.
As it was reported, Ukrgraphit reduced net income in 2022 by 41.4% compared to the previous year – to UAH 1 billion 545.562 million and received a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.
“Ukrgraphite is Ukraine’s leading manufacturer of graphitized electrodes for electric steel-making, ore-thermal and other types of electric furnaces, commodity carbon masses for Soderberg electrodes, carbon-based lining materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23,9841% of PrJSC, C6 Safe Group Limited (Cyprus) – 72,0394%.
The authorized capital of PrJSC – 233,959 million UAH, nominal value of 1 share – 3,35 UAH.

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“Dneprovagonmash” earned UAH 37 mln in net profit

Ukraine’s largest car-building enterprise, Dneprovagonmash JSC (DVM, Kamianske, Dnipro region), controlled by businessman Sergiy Tigipko’s TAS Financial and Industrial Group, ended the first quarter of 2023 with a net profit of UAH 37.04 million against a loss of UAH 18.07 million in January-March 2022.
According to the company’s interim financial statements published in the National Securities and Stock Market Commission’s (NSSMC) information disclosure system, net sales revenue increased by 32% to UAH 396.92 million.
In January-March, the company increased its gross profit by almost 12 times to UAH 59.47 million, generating UAH 37.82 million in operating profit against a loss of UAH 16.06 million.
Compared to the beginning of this year, DVM reduced current liabilities by 27% to UAH 217.62 million, while long-term liabilities increased by 12.6% to UAH 59.34 million.
The report does not include the number of railcars produced and sold in the reporting period.
“Dneprovagonmash is one of Ukraine’s leading freight car design and manufacturing companies. Its annual production capacity is 9 thousand units.
As reported, DVM’s net income for 2022 increased by 77.3% to UAH 1 billion 108.7 million, with net profit of UAH 48.64 million compared to a loss of UAH 111.3 million a year earlier. At the same time, sales of railcars increased by 35% to 623 units, and production by 21% to 577 units.
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.

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Vodafone’s net profit in Ukraine in 2022 falls by 74%

In 2022, Vodafone Ukraine reduced its net income by 2% to UAH 19.8 billion, having received a net profit of UAH 1.1 billion, the press service of the mobile operator reported on Friday.
According to a press release, OIBDA (Operating Income Before Depreciation and Amortization) of Vodafone Ukraine in 2022 grew by 3% and amounted to UAH 11.3 billion, OIBDA margin rose by 2.5 p.p. to 56.9%.
“The company’s revenue in 2022 was UAH 19.8 billion. A decrease of 2% compared to the previous year is due to a decrease in the number of mobile network users. Vodafone’s net profit in 2022 was UAH 1.1 billion. The decrease in the indicator… is due to losses from exchange rate differences received as a result of the growth of the exchange rate of the U.S. dollar against the hryvnia by 34%,” the company said.
Most Vodafone Ukraine mobile users lived in the east and south of Ukraine. In connection with the full-scale invasion of the Russian Federation and the hostilities that disabled a number of mobile communication networks in the temporarily occupied territories and directly in the war zone, Vodafone lost the most subscribers of all Ukrainian operators – 3.5 million users, the company said in the report.
As of the end of 2022, Vodafone had 15.4 million customers.
Currently over 2.2 million users remain abroad and continue using Vodafone services.
“Since the beginning of the full-scale invasion, Vodafone has been supporting Ukrainians who seek protection in European countries and provides the free connection to the Affordable Roaming service in most tariffs. The service provides 10GB of mobile Internet and 100 minutes for calls with subscribers in Ukraine and the country of residence, subject to paid Ukrainian package,” the company said, specifying that the Affordable Roaming offer is used by 87% of all customers staying in the roaming zone.
Data services are used by 71% of all Vodafone customers, while the mobile Internet usage has grown by 1.5 times, the company said.
Despite the impact of the war on the company’s revenues in 2022, Vodafone Ukraine maintained business stability, not reducing but increasing the volume of investments in developing and supporting the country’s telecom infrastructure. At the same time, it was possible to enhance business efficiency and the penetration of digital services, the company said in the press release.
Vodafone increased capital investments to UAH 3.6 billion in 2022.
“Thanks to this, Vodafone engineers restored the destroyed infrastructure, quickly repaired equipment, developed the network, and ensured the availability of communications in blackout conditions. During the year, the company’s engineers returned to the air about 800 villages and cities, carrying out about 2,960 repair trips, including in close proximity to the front line,” the company said.
Vodafone did not stop the development of the network. In 2022, the company’s specialists paid special attention to expanding capacity and coverage in regions of mass migration. In general, since the beginning of the war, 4,000 4G base stations have been launched.
Significant resources of the company were sent to ensure the availability of communications in the conditions of power outages due to targeted attacks by the Russian Federation on energy infrastructure facilities. Vodafone purchased 414 mobile generators, and the company’s engineers replaced 24,712 batteries. To ensure the operation of alternative power sources, 519 tonnes of diesel fuel were used.
The company said that today 88% of the network is operating well.

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Poltavpivo boosted its net profit almost fourfold to UAH 81 mln in 2022

Poltavpivo (Poltava) has increased its net profit almost fourfold to UAH 81.46 mln in 2022 from UAH 20.69 mln a year earlier.
According to the announcement of the April 24 annual meeting, the shareholders suggested that part of the UAH 3.267 mln profit be transferred to the reserve capital, while the remaining UAH 78.189 mln remain undistributed.
It is indicated that at the end of 2022 the company increased to 214.30 million of its undistributed profits, which is 1.7 times more than a year earlier.
The assets of the company in 2022 increased by 24.5% up to UAH 414.39 mln, including an increase in accounts receivable by 29.5% up to UAH 61.66 mln and reserves by 29.4% up to UAH 75.07 mln.
Free cash almost doubled up to 104.23 mln UAH from 52.47 mln UAH, and fixed assets insignificantly reduced to 170.05 mln UAH.
The company managed to increase its equity capital by 29.6% up to UAH 361.96 mln, and its long-term liabilities reduced by 35.4% going to UAH 11.67 mln, while the current ones increased by 17.7% going to UAH 40.77 mln.
According to the information disclosure system of the National Securities and Stock Market Commission, the owner of 96.5309% of shares is LLC “Emporium-P” (Poltava). Previously this company belonged to the Russian Stovropol Brewery, but in 2019 it was owned by the Cypriot Armico Beer Ltd. In the annual report for 2021, its 100% owner was named Rasul Ebzeyev, but in 2022 the beneficiary in the state register is the director of “Poltavpivo” Vasily Lavrichenko.
Another 1.7108% at the end of 2021 belonged to the Cyprus-based Renaissance Securities (Cyprus) Limited, and another 1.7583% was owned by 414 persons.
Poltavpivo pointed out that on April 14, 2022 Emporium-P recalled its head Magomet Hasanov, who served as general director of Stavropol Brewery and Emporium-P itself, from the PJSC Supervisory Board and appointed Lyubov Pogromskaya instead.
Then, last June, Khasanov resigned as director of “Emporium-P,” and he was replaced by Yulia Podvorchan.
“Poltavpivo” in the report for 2021 indicated that it offers 37 beer titles (TM “Poltava”), 17 soft drinks (BAN) and 4 – kvass.
In 2021, the company decreased beer sales by 2% to 2 million 587.8 thousand dal, BAN – by 16.5% to 604.8 thousand dal, but kvass sales rose by 5.9% to 119.3 thousand dal.
Its net income in 2021 rose by 3.7% – to 323.33 million UAH, and net profit decreased by 35% – to 20.7 million UAH.

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Clay miner Keramprom cut its profit by 45%

Keramprom PJSC (Artemivka village, Donetsk region), which mines clay in Donetsk region, has reduced its net profit by 44.5% in 2022 as compared with 2021 – to UAH 11.365 million from UAH 20.494 million.
According to the data to the agenda of the annual meeting of shareholders, scheduled for April 25, which will be held remotely, the undistributed profits at the end of last year amounted to UAH 70.285 mln.
At the meeting it is planned to summarize the work in 2022 and distribute profits.
At that it is suggested to allocate net profit received by the company according to the results of work in 2022 in the amount of 11 million 365.444 thousand UAH for the payment of dividends. To pay out dividends on common registered shares of the company out of all profits for 2022 and also undistributed profits in the amount of 20 million 492,594 thousand UAH. To approve the amount of dividends amounting to UAH 31 mln 858.039 th., per one common registered share – UAH 101.45.
PJSC “Keramprom” (village Artemivka, Donetsk region) was founded in 1997, is engaged in clay production. Its production capacities amount to 300 thousand tons of clay a year. According to the company’s website, it is currently developing the Chilne deposit of white refractory clay in Kostyantynivka district of Donetsk region.
According to the NDE for the fourth quarter of 2022, shares of PrJSC “Chilne” are owned by Valery, Igor and Boris Bevzenko (49,8708%, 30,2515% and 8,9999% respectively), Anatoly and Larisa Popov (5,1757% each).
The registered capital of Keramprom PJSC is UAH 25.75 mln.

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“Poznyaki-Zhyl-Bud” has received UAH 5.9 mln in net profit

Poznyaki-Zhyl-Bud PJSC (Kyiv) made net profit amounting to UAH 5.9 mln according to the results of 2022, while 2021 ended with a loss of UAH 6.5 mln.
According to the company announcement in the information disclosure system of the National Securities and Stock Market Commission (SSMSC) about the annual general meeting of shareholders on April 28, the net profit per share last year was UAH 1.68 ths.
Poznyaki-Zhyl-Bud’s uncovered loss in 2022 decreased by 25% compared to 2021, to UAH 17.6 mln. Total accounts receivable increased by 36.8% to UAH 642.1 mln.
Last year current liabilities of PJSC increased by 24.6% up to 2.24 billion UAH, and long-term liabilities decreased to 5.6 billion UAH.
In general, the value of assets of Poznyaki-Zhyl-Bud in 2022 increased by 11% to more than 2.23 billion hryvnias.
According to the agenda of the meeting, the shareholders intend not to distribute dividends for 2022 and also elect new members of the supervisory board for three years.
In 2023 the company plans to continue the organization of residential, hotel, office complexes construction in Kiev, including residential complex with non-residential premises and underground parking in 12, John Paul II Str., and multifunctional complex in 7-9, Lesya Ukrainka Str. in Pecherskiy district of the capital.
According to the data of the National Commission on Securities and Stock Market, as for the fourth quarter of 2022 the shareholder of “Poznyaki Zhil-Bud” is Ruzanna Kagramanian (100%).
Poznyaki-Zhil-Bud PJSC was founded in 2002, specializing in construction of elite residential real estate, commercial real estate and social infrastructure objects.
According to the company web-site, its portfolio of completed construction projects includes residential and office complexes over 1 million sq.m.
Poznyaki Zhil-Bud Corporation since December 2015 is a part of investment and development group of companies Taryan Group (Kiev), founded in 2011 by ex-president of Poznyaki Zhil-Bud PJSC Arthur Mkhitaryan.

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