JSC “Dnipropetrovsk aggregate plant” (DAZ, Dnipro) in January-March 2023 received a net profit of 14.06 million UAH, which is 23.6% less than in the first quarter of 2022.
According to the company’s interim statements, published on Thursday in the information disclosure system of the National Commission on Securities and Stock Market (NKTSBFR), its net income increased by 8% – to UAH 55.47 million.
DAZ reduced its operating profit by 20.5% to UAH 20.31 mln, and its gross profit by 3.2% to UAH 34.39 mln.
Compared with the beginning of 2023 current liabilities of DAZ increased by 6.3% to UAH 281.34 million, while long-term liabilities decreased by 4.6% to UAH 68.13 million.
As noted in the report, the main risk factor for DAZ remains the military aggression of the Russian Federation against Ukraine. This affects the inflationary processes, affecting the growth of prices for materials, equipment and energy resources, and reduces the possibility of receiving funds amid growing needs for them.
DAZ is an enterprise with many years of experience in the production of aircraft equipment, which accounts for more than 2/3 of the total production volume, as well as hydraulic equipment for mines and general technical products (fuel and other liquid pumps).
Most of the products are sold in Ukraine, but in recent years there has been a significant increase in supplies to the EU
As it was reported, in 2022 the plant received UAH 36.72 mln of net profit, which is 15.6% more than a year before, while net profit increased by 1.4% to UAH 175.56 mln. The profit was directed to the development of production
DAZ believes that one of the key factors for its development in 2023 is to expand its stock of orders by 1.5 times by 2022.
Agropromholding Astarta, the largest sugar producer in Ukraine, received EUR16.13 mln in net profit in Q1 2023, which is 6.2 times more as compared to Q1 2022, according to the company report on the Warsaw Stock Exchange.
According to it, during this period revenues increased by 37.1% to EUR163.55 million, gross profit – 2.2 times to EUR59.71 million, operating – 2.4 times to EUR25.92 million and EBITDA – 63.5% to EUR37.91 million.
In UAH Astarta net profit in the first quarter of this year increased 7.5 times – to 632.59 million UAH, while revenues increased by 66.6% – to 6 billion 415.09 million UAH.
It is noted that all business segments have improved, but the best result was shown in the agricultural segment, which brought EUR80 million of revenue, which is 28% more than last year, which is 49% of the total consolidated revenue.
Revenue from the Sugar Production segment increased 86% over the same period last year, to EUR37 million, and revenue from the Soybean Processing segment increased 20%, to EUR31 million.
The livestock segment generated revenue of EUR11 million compared to EUR10 million in the first quarter of 2022.
In the structure of EBITDA the main shares are in the agriculture segment – EUR10.50 million (EUR12.74 million in the first quarter of 2022), sugar production – EUR11.66 million (EUR4.34 million) and soybean processing – EUR10.22 million (EUR4.24 million in the first quarter of 2022).
“Astarta noted that export revenues increased by 39% year-on-year to EUR98 million, accounting for 60% of total revenues.
It points out that capital investment in the first quarter of this year was EUR3.25 million compared to EUR4.84 million in the first quarter of last year, while net financial debt decreased during the quarter from EUR43 million to EUR17 million after bank debt and net debt decreased from EUR152 million to EUR130 million.
The report also states that Astarta is continuing its spring planting campaign in all seven of its areas of presence. Rainy and cold weather slowed it down, but was favorable for the development of winter crops.
The company has revised its 2023 crop rotation. The area under winter crops was 57 thousand hectares, including 43 thousand hectares of wheat and 14 thousand hectares of rape, while the area under corn and sunflower is planned at 19 thousand hectares and 28 thousand hectares. Soybean area will increase to 56 thousand hectares, to increase the volume of its own raw materials for the processing plant.
“Astarta” reported that the sowing of sugar beet is already completed, its area is 39 thousand hectares, which is 20% more than in 2022.
The area under organic crops remains unchanged at 2 thousand hectares.
As reported, Astarta received EUR65.16 million in net profit in 2022, a decrease of 46.8% compared to 2021. EBITDA of the holding in the past year decreased by 23.2% – to EUR154.77 million, while revenue increased by 3.8% – to EUR510.07 million.
The main shareholders of Astarta at the end of the first quarter were the family of the founder and CEO Victor Ivanchik, Fairfax Financial Holdings LTD – 29.21%. Another 2.64% belonged to Kopernik Global Investors, 1.88% to Heptagon Capital and 0.62% to Metlife PTE SA.
Agro-industrial group Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, in the first quarter of 2023 received a net profit of $8.98 million, while the same period last year it ended with a net loss of $16.44 million.
According to the company’s report on the Warsaw Stock Exchange, its revenue for the period rose 70.7% to $47.30 million.
Gross profit in the first quarter of this year was $11.78 million versus a gross loss of $13.38 million last year, and operating profit was $8.58 million versus a $15.69 million loss, respectively.
The group also noted that its total debt in January-March this year decreased by 27.4% – to $7.94 million, and free cash flow increased 2.4 times – to $29.33 million, including 2.5 times to $19.58 million in Ukraine.
According to the report, export revenues in the first quarter of this year increased 4.2 times to $24.16 million, and as a result, its share in total revenues reached 51.1% against 20.6% a year earlier.
Eggs revenues increased 64.8% to $34.39 million and egg products increased 88.9% to $12.91 million, with pretax earnings from those segments increasing $2.39 million and $6.62 million, respectively.
Previously, Ovostar pointed out that in the first quarter of 2023 it reduced egg production by 2% – to 362 million eggs, but managed to significantly increase exports of products with a significant increase in prices compared to the previous year. In particular, the average price of eggs in the reporting period increased by 56% to $0.139/egg.
Compared with a year ago, in Q1 2023 the number of laying hens decreased by 2%, including laying hens by 6.2% – to 7.12 million and 6.38 million, respectively.
The volume of processed eggs in the 1st quarter of 2023 remained at the level of the previous year – 92 million eggs: 406 tons of dry and 3.073 thousand tons of liquid egg products were produced, compared to 561 tons and 2.131 thousand tons in the first quarter of last year, respectively. As with eggs, the average price of egg products rose substantially over the year: dry products rose 32% to $8.79/kg, while liquid products rose 44% to $2.66/kg (all prices are excluding VAT).
The holding company of the group – Ovostar Union N.V. – in mid-June 2011, it floated 25% of its shares on the WSE and raised $33.2 mln. Its majority stake is owned by Prime One Capital Limited, which is controlled by its CEO B. Belikov and Chairman of the Board of Directors Vitaliy Veresenko.
In 2022, Ovostar reportedly reduced egg production by 9% to 1.55 bln eggs and sales by 6% to 1.08 bln eggs.
At the same time, sales of dry egg products decreased by a third to 2.13 thousand tons, liquid – by 26% to 10.62 thousand tons.
“Ovostar made $6.09 million in net profit in 2022, which is 3.7 times more than in 2021. Its revenue for the past year increased by 1.7% – to $135.63 million.
Agroliga group (Kharkiv region) made net profit of EUR0.77 mln in January-March 2023, a 70.5% increase from January-March 2022.
According to the company’s report on the Warsaw Stock Exchange on Tuesday, its first-quarter revenue rose 32.4% to EUR12.91 million.
However, due to higher cost of sales, gross profit rose less, by 11.3% to EUR2.33 million, while distribution costs, which increased 4.2 times to EUR1.01 million, also caused a 36.1% drop in operating profit to EUR1.11 million.
The Agroholding notes that its free cash flow at the end of the first quarter stood at EUR1.67 million, compared with EUR1.74 million at the end of 2022.
The main shareholders of the group are Alexander Berdnik and Irina Poplavskaya with 41.66% each, and 16.68% of the shares are in free float.
As it was reported, Agroliga group received net loss of EUR2.21 million in 2022, compared to net profit of EUR8.13 million a year earlier, which was due to the Russian full-scale aggression. Its revenue grew by 18.9% to EUR47.46 million.
In its annual report the agroholding said it operates about 8 thnd hectares of land, a pressing oil plant with 42 thnd mtpa crushing capacity and an oil extraction plant with 100-180 thnd mtpa sunflower seed processing capacity, which can also produce soybean and rapeseed oil.
In addition, the group completed construction of power facilities that operate at a “green” tariff and ensure zero-waste production.
PJSC “Production Association “Stalkanat” (Odessa) on the results of work in January-March this year, increased net profit in 2.2 times compared with the same period last year – up to 77.304 million UAH.
According to the interim report of the company, net income for this period decreased by 3.2% – to UAH 701.047 mln.
Undistributed profits amounted to UAH 234.019 mln as of March 31, 2023.
As reported, in 2022 “Stalkanat” received a net profit of 325.073 million UAH against a slight loss a year earlier, while 2021 ended with a net loss of 309 thousand UAH.
The general meeting of shareholders, held on September 3, 2021, decided to separate PJSC Stalkanat-Silur and create a new company – PJSC Stalkanat with the transfer of its property, rights and obligations according to the approved distribution balance sheet.
PA Stalkanat-Silur PJSC (Odessa) previously had two branches – in Odessa and Khartsyzsk, Donetsk region on the NKT. On December 1, 2016, the company’s management officially notified about the shutdown of the company’s branch in Khartsyzsk – a relevant announcement was published in the Uryadovy Kurier newspaper. Later, the management of PAO Stalkanat-Silur PJSC stated about the seizure of the company’s branch in Khartsyzsk on NKT and sent a corresponding statement to the National Police.
The charter capital of PJSC Stalkanat is UAH 17.736m.
Dneprometiz PJSC (Dnipro) of Ukrainian businessman Serhiy Tihipko following the results of work in January-March this year received a net profit of UAH 17.581 million, while the company finished the same period of the last year with a net loss of UAH 8.645 million.
According to the interim report of the company, in the first quarter of 2023 net income increased by 54% up to UAH 683.802 mln.
At the same time, the undistributed profits of the company by the end of March 2023 amounted to UAH 257.664 mln.
As it was reported, Dneprometiz in 2022 decreased its net profit six times compared to the previous year – up to UAH 25.572 mln, net income increased by 1.1% – to UAH 2.474.397 mln.
“Dneprometiz produces metalware of low-carbon steel. The company has a capacity of 120 thnd mt of products per year.
According to the NDU for the fourth quarter of 2022, T.A.S. Overseas Investments Limited (Cyprus) holds 98.6578% shares of Dneprometiz.
The charter capital of Dneprometiz is UAH 83.480 mln and the par value of the shares is UAH 68.08.
