Agroholding KSG Agro in January-March 2022 increased its net profit by 2.5 times compared to the first quarter of 2021 – up to $1.82 million, EBITDA increased by 10% – up to $1.52 million.
According to the holding’s report on the Warsaw Stock Exchange website on Thursday evening, its revenue for the specified period increased by 1% to $3.54 million.
KSG Agro also increased gross profit by 12% to $1.41 million, operating profit by 10% to $1.12 million.
In addition, in the first quarter of 2022, the group of companies received a net loss of $0.65 million due to the difference in exchange rates, while in January-March 2021 this factor generated $0.4 million of net profit.
KSG Agro emphasizes that in the context of the Russian military invasion of Ukraine, it continues to implement a development strategy focused on growing three winter and two spring crops and pig farming. The products of the agrarian group are basic foodstuffs and are always in demand, while the demand for it is especially high in wartime.
“The group has strengthened the security of the pig farm and temporarily moved its headquarters from Dnipro to Chernivtsi. Since most of the group’s production processes are vertically integrated, it depends only on suppliers of fertilizers, fuel and feed for pigs,” the report says.
According to it, the total capital of the agricultural producer by March 31, 2022 increased by 0.3% compared to December 31, 2021, to $23.42 million, its net debt increased by 5.5%, to $28.45 million. Thus, in the first quarter, the ratio of net debt to equity increased by 4.3% to 1.21.
The total assets of the agricultural holding for the specified period decreased by 3.8% – to $68.73 million, while long-term debt obligations increased by 3.7% – to $26.71 million, and current liabilities decreased by 16.8% – to $18, 59 million
“Since the beginning of the Russian invasion, there has been no hostilities in close proximity to the group’s assets. The group’s pig farm and its crop fields are located in the center of Ukraine, where there has not yet been hostilities. Therefore, as of the date of this report, management does not expect significant interruptions as in the spring sowing campaign, as well as in the subsequent harvesting of winter crops,” explained KSG Agro.
The number of sows of the agricultural group in the first quarter of 2022 increased by 2.2% compared to the first quarter of 2021 – up to 5.68 thousand. At the same time, the total number of animals (pigs and piglets) increased by 11.6% – up to 48.8 thousand heads.
In the crop-growing segment, the agricultural holding increased its net profit by 4.3% over the three months of this year compared to January-March 2021 – up to $0.46 million, in the livestock segment – by 27.9%, up to $0.93 million. other operations” (production of fuel pellets and thermal energy), net profit decreased by 4.3 times – to $0.22 million.
Thus, the total profit of the agricultural group in the operating segment in the first quarter of this year amounted to $1.41 million (+12% compared to the same period last year) and amounted to 77% of all net profit for this period.
For the three months of 2022, the Group of Companies increased pork sales by a third compared to January-March 2021, in dollar terms, sales amounted to $1.36 million.
“The figures above suggest that the group has a clear track record of resilience in challenging environments. From the improvement in macroeconomic performance, we can conclude that other Ukrainian companies exhibit the same character traits. A trait that seems to be in the DNA of the Ukrainian people and serves evidence that victory will ultimately be ours,” the agricultural holding’s report says.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares.
According to the agricultural holding itself, it is among the top 5 pork producers in Ukraine.
KSG Agro in 2021 reduced net profit by 16 times compared to 2020, to $20.27 million, revenue by 44%, to $30.75 million, while doubling EBITDA to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
Shareholders of TAScombank (Kyiv) at a general meeting on June 14 will consider approving profit for 2021 in the amount of UAH 456.062 million and directing 44%, or UAH 200 million, to the formation of reserves.
According to the bank’s announcement in the information disclosure system of the National Securities and Stock Markets Commission, the remaining profit of UHA 256 million is planned to be left undistributed.
The bank also plans to refuse to pay dividends to shareholders based on last year’s results.
As reported, in 2020, the bank’s net profit amounted to UAH 381.112 million.
According to the NBU, at the beginning of 2021, the main owner of TAScombank was Sergiy Tigipko (99.93% of shares).
According to the NBU, as of March 1, 2022, TAScombank ranked 16th (UAH 30.632 billion) in terms of total assets among 69 banks operating in the country.
Agroholding KSG Agro in 2021 increased its net profit by 16 times compared to 2020 – up to $20.27 million, EBITDA doubled – up to $12.28 million.
According to the holding’s report on the Warsaw Stock Exchange website on Monday, its revenue for the specified period increased by 44% to $30.75 million.
KSG Agro for the reporting period doubled its gross profit – up to $12.95 million, operating profit – one and a half times, up to $10.63 million.
“The past year, thanks to our efficient work and a number of circumstances, was successful for us. Thanks to the right selection of technologies and favorable weather conditions, our crop yields set a record for the last 10 years. In the pig segment, we received good intermediate results from our long-term project for the renewal of the pig population sows of Canadian genetics Genesus”, – commented on the results of the holding’s work, the head of its board of directors Sergey Kasyanov.
According to the report, the working capital of the agricultural producer by December 31, 2021 increased by 9.5 times compared to December 31, 2020 – from $1.1 million to $10.6 million.
Last year, the agricultural holding increased profits in the crop segment by 2.2 times compared to 2020, to $18.3 million, while in the livestock sector it increased by 9%, to $11.2 million.
According to the report, the agricultural holding collected 31.02 thousand tons of wheat in 2021 (+ 72% by 2020); 18.21 thousand tons of sunflower (+55%); 8.56 thousand tons of barley (+76%); 9.33 thousand tons of corn (an increase of 3.4 times) and 0.76 thousand tons of rapeseed (a decrease of 3.6 times).
The number of sows at KSG Agro last year increased by 3% – up to 5.56 thousand. At the same time, the total number of animals (pigs and piglets) for the specified period increased by 5.5% – up to 43.7 thousand heads.
“Currently, management assesses the risk that any fighting will reach the group’s pig farm as low. The group also temporarily moved its headquarters from the city of Dnipro to Chernivtsi, close to the western border of Ukraine and away from Russian aggression,” the group said. in a group message.
As of December 31, 2021, the agricultural holding’s assets increased by 13.5% compared to the same date in 2020, to $71.44 million, while its current debt obligations decreased by 20.4%, to $25.74 million, and long-term liabilities – by 11%, up to $22.36 million.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares.
According to the agricultural holding itself, it is among the top 5 pork producers in Ukraine.
KSG Agro in 2020 reduced net profit by 3.2 times compared to 2019 – to $1.27 million, revenue – by 11%, to $21.34 million, while increasing EBITDA by 2.9 times – to $6, 02 million
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
According to the results of January-March 2022, the mobile operator Lifecell LLC (lifecell) recorded a net profit of UAH 209.4 million, which is 2.52 times more than in the same period of 2021.
According to the operator’s press service on Friday, the company’s income in the first quarter of this year increased by 21.5% – to UAH 2.307 billion from UAH 1.899 billion in the first quarter of 2021.
EBITDA at the end of the specified period increased by 20% – to UAH 1.292 billion (in the first quarter of 2021 – UAH 1.077 billion). At the same time, EBITDA margin decreased by 0.7 percentage points to 56% (56.7%).
Lifecell’s capital investments for the first three months of the year increased by 24.3% – up to UAH 711.6 million from UAH 572.4 million in the first quarter of last year.
The active three-month subscriber base of lifecell increased by 11.3% – up to 8.9 million subscribers (8 million in January-March 2021).
Active three-month ARPU grew by 7.1% year on year and amounted to UAH 84.3 (UAH 78.7 a year earlier). At the same time, the 12-month active MoU decreased by 4.1% to 170 minutes (from 177 minutes in the first quarter of 2021).
“Some of our people are fighting on the front lines. The rest, in the conditions of war, do their work during rocket attacks. As soon as our army liberates the territory from the invaders, our brigades, together with contractors, go to the destroyed facilities and resume their work. That is why the first quarter of 2022 can be proud. And I’m glad to be a part of the lifecell team and a part of Ukraine”, commented Ismet Yazidzhi, CEO of lifecell, commented on the results of the quarter of 2022.
As reported, according to the results of 2021, lifecell received a net profit of UAH 610.9 million, which is 4.24 times less than in 2020 (UAH 2.589 billion), while the operator’s income in 2021 increased by 24.1% – up to UAH 8.483 billion. EBITDA increased by 30.9% to UAH 4.751 billion, while EBITDA margin increased by 2.9 percentage points (p.p.) to 56%.
Lifecell’s capital investments in 2021 increased by 3.2% to UAH 3.594 billion.
Mining company Ferrexpo with assets in Ukraine in 2021 increased its net profit by 37.1%, to $870.99 million, with revenue growth of 48.1%, to $2 billion 518.23 million, according to the company’s report on the London Stock Exchange in Friday.
According to it, EBITDA profit increased by 67.5% to $1 billion 438.76 million.
The report also notes that the company’s gross debt fell from $266 million to $50 million last year, while its net cash position increased from $4 million to $117 million.
Ferrexpo says its manufacturing assets were not affected by the hostilities after Feb. 24, but shipping has been halted since Feb. 25, with only shipments to Europe currently taking place.
Commenting on the impact of the war on operations and financials, Ferrexpo says it has adjusted its long-term model to reflect lower sales volume caused by a lack of offshore sales to its customers. The expected lower sales volume will have a negative impact on cash flow generation, which in turn will negatively affect the carrying value of the group’s non-current assets in future periods. However, Ferrexpo has so far refrained from making any assessments.
At the same time, Ferrexpo said it had prepared stress tests with more severe adverse changes such as a 3, 6 and 18 month production halt. Under these stress testing scenarios, the impairment loss could increase to between $320 million and $400 million, again depending on circumstances and macroeconomic data that would only be known to the Group at the time of preparation of the interim condensed consolidated financial statements for the six months ended 30 June 2022.
Over 2021, mobile operator Lifecell LLC (lifecell) received a net profit of UAH 610.9 million, which is 4.24 times less than in 2020 (UAH 2.589 billion), according to the company’s financial statements.
At the same time, the operator’s income in 2021 increased by 24.1%, to UAH 8.483 billion.
EBITDA increased by 30.9%, to UAH 4.751 billion, while EBITDA margin increased by 2.9 percentage points (p.p.), to 56%.
Lifecell’s capital investments in 2021 increased by 3.2%, to UAH 3.594 billion.
According to the information provided, in the fourth quarter of 2021, the operator’s income increased by 25.7%, to UAH 2.406 billion. EBITDA in the October-December quarter increased by 26.5%, to UAH 1.319 billion.
On an annual basis, the operator’s active three-month subscriber base in 2021 expanded by 13.6%, to 9.2 million (compared to 8.1 million in 2020).
The active three-month 4.5G subscriber base in 2021 grew 32% year-on-year to 73% of total mobile data users at the end of the year. Average data consumption per user in the fourth quarter of 2021 grew by 13%, mainly due to higher data usage by 4.5G users, the company notes. The penetration of smartphones in the lifecell network at the end of the fourth quarter of 2021 was 83%.
The company’s active three-month ARPU increased by 12.3% in 2021 and amounted to UAH 83.2 compared to last year’s figure of UAH 74.1. At the same time, the 12-month MoU increased 2.7% year-on-year, while falling 3.5% year-on-year in the fourth quarter.
Operator lifecell is the third largest mobile operator in Ukraine. Turkcell (Turkey) owns 100% shares of Lifecell LLC.
