Slavianske Wallpapers-KFTB PJSC (formerly Koryukiv Technical Paper Factory, Chernihiv Region), Ukraine’s leading manufacturer of wallpapers, cut its net profit 5.5 times in January-September compared to the same period in 2021 – down to UAH 8.47 million.
According to the disclosure system of the National Commission for Securities and Stock Market, announced on Friday, the company’s net profit nearly halved to UAH 653.19 million.
In the first nine months of the current year the company received UAH 12.42 mln of profit from operating activities (4.7 times less), and gross profit decreased by 47.4% – to UAH 124.88 mln.
The document notes that in conditions of war and existing risks it is impossible to predict the further impact of negative factors on the economic activities of PJSC, but the strategic objectives remain unchanged: to preserve the existing opportunities and the reputation of a reliable supplier, to improve product quality, to retain the team.
“In addition, the company plans to continue modernization of production, development of dealer network, entering new markets and strengthening of discipline at production”, – is said in the report.
This points to high financial independence of the company from external borrowing and stable financial situation.
According to the association UkrPapir, in January-September, KFTB produced 10.07 million pieces of wallpaper – 2.5 times less than a year earlier.
On Friday, KFTB also released its financial statement for the first half of this year, according to which it received a net loss of UAH 3.6 million against a net profit of UAH 30.22 million a year earlier, while net income fell by more than half to UAH 363.89 million.
Thus, in the third quarter-2022 the factory received more than UAH 12 million of net profit, which is 26.2% less than in the same period of 2021, and net income decreased by 44.5% to UAH 289.3 million.
At that, the factory finished the first quarter of this year with a loss of UAH 9.16 million against net profit of UAH 14.94 million in January-March 2021, while net profit decreased 2.1 times to UAH 170.41 million.
JSC “Slavian wallpapers-KFTB” – one of the largest European wallpaper factories, manufactures products under the TM “Slavian wallpapers”. Is present in the market of Ukraine, Asia, CIS countries, Eastern Europe and the United States.
The company produces more than 10 types of wallpaper ranging from economy-segment (paper, duplex, acrylic) to premium-class wallpaper (vinyl, fleece, hot stamping wallpaper).
According to the company’s information, as of October 1, the average number of its employees was 468 (a decrease of 12 people).
In 2021, it reduced its net profit by 6.2 times to UAH 43.9 mln, while maintaining the net profit at the level of the previous year – UAH 1.65 bln.
The profit of Ukrainian banks in January-November 2022 amounted to UAH 19.429 billion, which is 3.4 times less than in the same period of 2021 (UAH 65.728 billion), the press service of the National Bank of Ukraine (NBU) said.
According to the report, the profit of Ukrainian banks in November amounted to UAH 8.451 billion, which is 2.3 times more than a month earlier (UAH 3.6 billion).
The regulator noted that the income of banks in November increased by 12.2%, while expenses increased by 9.7%.
According to the regulator, the income of banks in January-November increased by 32% against the same period last year – up to 322 billion UAH.
At the same time fee and commission income for 11 months decreased by 8.4% – to UAH 76.46 billion (while during the same period last year it increased by 32.6%).
At that the result from revaluation and from sale-purchase operations was positive and made UAH 42.3 billion, while it was negative and amounted to UAH 2.7 billion for the same period last year.
At the same time expenses of banking system for January-November 2022 increased by 1.7 times compared with this index in 2021 – up to UAH 302.6 billion, including deductions to reserves – 13.6 times, up to UAH 113 billion. At the same time, the commission expenses increased by 1.6% up to UAH 31.99 billion,
As reported, the Ukrainian banks in 2021 doubled the net profit – up to 77.5 billion UAH, compared with 41.3 billion UAH in 2020.
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Ista Center (Dnipro), a producer of starter batteries, intends to use its net profit for 2021 in the amount of 154.85 mln hryvnia to cover the losses of the previous periods.
According to the draft decision of the general meeting of the company shareholders, scheduled for December 26, published in the NKTSBM disclosure system, Ista-Center does not plan to accrue and pay dividends.
According to the company’s information, net profit per one common share in 2021 was UAH 60.4 mln, whereas a year earlier it amounted to almost UAH 2.9 mln. Net profit in 2020 was 7.37 million hryvnias.
As of January 1, 2022, the company had retained earnings of 12.81 million hryvnias against an uncovered loss of 143.25 million hryvnias on the same date in 2021.
The shareholders also plan to approve the reports of the management bodies at the meeting, approve the main directions of development for 2022 and re-elect the supervisory board.
“Ista-Center”, operating since 1995, is one of the plants producing starter batteries in Dnipro (the other is DOZ “Energoavtomatika”).
According to the latest financial statement of the company, which was made public by the NCSSM, its net income in 2020 was 206.6 million hryvnias. By the beginning of 2021, the plant employed 135 people.
According to the NCSSM, as of the fourth quarter of 2021, Oberon-Center LLC (Dnipro) owns 40% of the shares in which, according to Opendatabot, over 75% belongs to Scotwind Limited, whose beneficiary is named Oleg Zimin; 23.0476% is owned by Battery Investment Corp. registered in Panama and 6.23% belongs to the Ista International Corporation (Belize).
Another 21.55% is owned by the state. As reported, the Ista Center was included in the list of facilities transferred by the Cabinet of Ministers to the State Property Fund for privatization, which was made public in August 2022.
PJSC “Enterprise with foreign investment (EFI) “Intervzryvprom” (Gorishni Plavni, Poltava region) at the end of 2021 increased its net profit in 2.6 times compared with 2020 – up to 113.354 million UAH from 43.858 million UAH.
According to the company’s announcement about the annual meeting of shareholders, which will be held on December 27, the undistributed profits at the end of last year amounted to 72.175 mln hryvnia.
The draft decisions of the meeting proposed to the shareholders to approve the profit received in 2021 in the amount of 113,354 mln hryvnia. Of these UAH 40,879 mln to be used for paying off the losses of previous years, UAH 1 mln 599,9 thousand for the formation of the reserve capital of the company and UAH 70 mln 875,1 thousand to be left undistributed.
Not to pay dividends on the results of activity of PrJSC in 2021.
The stockholders will also summarize the results of the company’s activity for 2021, approve reports and approve major transactions.
As it was reported, in 2004-2005 Intervzryvprom put into operation at Poltava Mining and Processing Enterprise a technological line for production of emulsion and a mixing and charging machine which was purchased in the USA.
PJSC Intervzryvprom Foreign Investment Company (FIC) was founded in May 2001. It is engaged in the production of explosives.
According to the data of the National Tax Service as of the fourth quarter of 2021, PrJSC Ukrainian Financial Company and Intervzryvprom Ltd have 24.9981% each of the company’s shares, while M&Q Trading Limited and West Industrial Investment company Ltd (both in Cyprus) have 24.9972% each.
Intervzivprom Ltd. was registered in September 2000 with the registered capital of 1.5 million hryvnias. The company’s beneficiary Konstantin Nosov (Kiev) owns a 99.2% stake. Among its main activities is the production of explosives.
The registered capital of PJSC Intervzryvprom is UAH 10.666 mln, and the par value of its shares is UAH 100.
Dniprovsky Iron and Steel Plant (DMZ, formerly Evraz-DMZ), part of DCH Steel Group of DCH businessman Oleksandr Iaroslavskyi, according to the results in 2021 received a net profit of UAH 1 billion 725.157 million, while finished the year 2020 with a net loss of UAH 394.091 million.
According to the note attached to the agenda of the annual meeting of shareholders, scheduled for December 22, which will be held remotely, the outstanding loss at the end of last year was UAH 826.728 million.
The shareholders intend to summarize the results of the activity in 2021, approve reports and direct the received profit to redeem the losses of the previous years.
The meeting will also consider personnel matters: dismissal of members of the Supervisory Board and Revision Commission and election of new ones.
Besides, the shareholders will elect the company auditor and approve the major transactions.
DMZ specializes in the production of steel, pig iron, rolled steel and rolled products.
On March 1, 2018, DCH Group signed an agreement to purchase Dneprovsky Metallurgical Plant from Evraz.
According to NDU as of the fourth quarter of 2020, Drampisco Limited (Cyprus) owns 97.7346% of DMZ shares.
The authorized capital of PrJSC is UAH 574.994 mln, the nominal value of one share is UAH 0.25.
