Ukraine International Airlines (UIA) in January-June 2021 received UAH 21.7 million in net profit against UAH 2.9 billion in losses for the same period in 2020, the company’s press service said.
According to its data, EBITDA was fixed at UAH 1.1 billion.
“Achieving positive financial dynamics became possible thanks to the balanced policy of the UIA management to optimize costs and adapt the business to long-term restrictions on air travel due to the impact of the COVID-19 pandemic. In particular, an anti-crisis program was implemented to restructure costs, optimize staffing and minimize airline costs. This made it possible to cut UIA’s mandatory monthly operating expenses by almost three times,” the company said.
In addition, UIA added that in the context of limited flights after the spring lockdown of 2020, the company switched to flexible and short-term planning of the route network, taking into account the frequent situational changes in the rules of entry by foreign countries during 2020-2021.
As reported, UIA in 2020 posted a loss of UAH 4.5 billion.
Ferrexpo mining company with assets in Ukraine in January-June 2021 received $661.426 million in net profit, which is 2.65 times higher than in 2020 ($249.908 million).
According to the half year report of the company posted on the London Stock Exchange on Wednesday, its revenue for the reporting period grew by 74.3%, to $1.353 billion from $775.831 million.
EBITDA jumped 2.47 times, to $868 million from $352 million in the first half of 2020.
Ferrexpo’s capital investment in the first half of this year was $142 million, up from $96 million in the first half of last year.
Interim dividends amounted to 39.6 cents per share (in the first half of 2020 they were 13.2 cents).
Odesa seaport in July received a positive financial result from economic activities at the level of UAH 1.3 million.
According to the press service of the Ministry of Infrastructure, the reasons for the company’s profitability are the introduction of a balanced tariff policy, attracting new customers, reducing the company’s expenses and modernizing equipment.
The department notes that the previous periods were unprofitable for the company. In particular, a loss of UAH 9.4 million was recorded in June. Over the past six months, the total loss of the enterprise amounted to UAH 29 million.
“For the first time in the past six months, Odesa port will profit from its activities. The indicator for June in the amount of UAH 4 million is the largest since July last year. The successful result was demonstrated despite the fact that, in general, July was the month with the lowest number of ship calls since the beginning of 2021,” the ministry said.
In January-June 2021, Odesa seaport handled 10.402 million tonnes of cargo, which is 13.6% less than in the same period in 2020. In 2020, the seaport handled 23.37 million tonnes of cargo, which is 7.8% less than in 2019.
Net profit of Citibank (Kyiv) amounted in the first half of 2021 to UAH 768.7 million, which is 14.2% more than in the same period in 2020, according to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission.
According to it, the bank’s net interest income decreased over the first six months by 23.4%, to UAH 596.5 million, while the net commission income – by 0.9%, to UAH 125.1 million.
At the same time, the result from transactions with financial instruments recorded at fair value increased 4.8 times, to UAH 112.9 million. Profit from transactions with foreign currency amounted to UAH 117 million versus loss of UAH 52.5 million in the first half of last year.
In addition, Citibank also decreased reserves for the depreciation of securities in the portfolio for sale by UAH 75.7 million, while in the same period last year they had to be increased by UAH 102.4 million.
The bank’s assets decreased in January-June 2021 by 3.4%, to UAH 26.9 billion, although loans and customer debt increased by 49.6%, to UAH 3.74 billion. The bank’s liabilities since the beginning of this year have decreased by 1.4%, to UAH 25.01 billion, including customer funds – by 2.2%, to UAH 24.52 billion.
The bank’s equity capital decreased in the first half of 2021 by 23.9%, to UAH 1.89 billion.
Citibank was established in 1998 and is a subsidiary bank of American Citibank NA.
According to the National Bank of Ukraine (NBU), as of May 1, 2021, Citibank ranked 15th among 73 banks operating in the country in terms of total assets (UAH 27.92 billion).
The state-owned enterprise Artyomsol (Donetsk region) in January-June 2021 saw UAH 11.9 million in net profit versus UAH 19.4 million in net loss in January-June 2020, the growth was driven by an increase in salt production by 70%, to 782,000 tonnes, the enterprise has reported on its website on Wednesday.
“An increase in production and financial indicators is the success of the entire team and a sign of the enterprise’s recovery from the crisis of past years. Our plans are aimed at continuing work to improve production efficiency, reduce production costs, increase the profitability of the enterprise and increase the social protection of workers,” the report said, citing Head of Artyomsol Viktoria Lutsenko.
In the first half of 2021, Artyomsol produced and shipped 782,000 tonnes of salt to consumers, which is almost 70% more than in 2020, as well as 5% more than the company’s internal targets.
According to the company, the export of salt over the specified period amounted to 37% of the total production – 291,000 tonnes, the volume of supplies increased to Hungary, Poland, Romania and Slovakia. At the same time, shipments of salt across Ukraine in the first half of 2021 increased by 34% compared to the same period in 2020, to 491,000 tonnes.
In addition, in 2021, Artyomsol opened an excursion route Secrets of the Underground Salt World, and in the near future, it is planned to open a second tourist facility.
Artyomsol is one of the largest enterprises for the extraction and sale of sodium chloride (NaCl) in Central and Eastern Europe. The production facilities of Artyomsol are located in Soledar, Donetsk region.
Energoatom in the first half of 2021 received UAH 1.124 billion of net profit against UAH 2.651 billion of net loss in January-June 2020.
According to the company’s financial statement for the first half of 2021, its net income from product sales decreased by 9.4% compared to the same period in 2020, to UAH 24.011 billion, gross profit – by 2.8 times, to UAH 2.734 billion.
As follows from the notes to the interim financial statements of Energoatom, as of June 30, the total amount of accumulated losses of the company stood at UAH 43.511 billion, having decreased since the beginning of the year by 1.5% (by UAH 638.570 million).
The positive net worth of Energoatom as of the indicated date increased by 8%, to UAH 130.554 billion.
The document lists a number of positive factors that contributed to the improvement of the company’s financial indicators in the first half of the year. One of them is an increase from January 1, 2021 of the ceiling price at which Energoatom sells electricity to state-owned company Guaranteed Buyer for the needs of the population from UAH 10 to UAH 150/MWh.
In addition, from February 1 to April 9, Guaranteed Buyer repaid UAH 4.125 billion of debt to Energoatom by attracting loans from state banks to Ukrenergo.
Another positive factor is the forecast electricity balance for 2021 approved by the Ministry of Energy of Ukraine. It provides for an increase in the production of electricity by nuclear power plants by 2.08% (by 1.533 billion kWh) compared to 2020, to 75.233 billion kWh.
