PJSC Kriukiv Car Building Works (KCBW, Poltava region) completed 2020 with a net profit of UAH 99.045 million, which is 87.5% less, year-over-year, according to preliminary data.
According to the information on the agenda of the shareholders’ general meeting on April 22, released on Monday in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the draft of its decision is planned to send the profit to the development of the enterprise, not to pay dividends (as in the previous year).
As reported, in 2020 the plant reduced the production of freight cars by 70%, to 1,569 units.
PJSC Kriukiv Car Building Works is the only enterprise in the CIS that has a well-established and operating production of two types of cars: passenger and freight (platform cars, tanks, bunker-type cars, gondola cars). It also produces regional diesel trains, high-speed interregional locomotive-hauled trains, spare parts and bogies for freight cars.
Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, in 2020 increased its net profit by 36.6% compared to 2019, to UAH 351.81 million.
According to the corporation’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets grew slightly over the year to UAH 5.89 billion, and retained earnings amounted to UAH 181.04 million compared to an uncovered loss of UAH 329.25 million in 2019.
The total accounts receivable of Obolon over the last year increased by a quarter, to UAH 463.38 million.
In accordance with the statement, at the annual meeting of Obolon shareholders scheduled for April 22, it is planned to approve decisions on attracting Grant Thornton Legis LLC to the audit on the financial results of 2020 and directing the net profit received for the year to the production development.
In addition, it is planned to approve a decision on the implementation of significant transactions with a total value of up to UAH 14 billion, which can be used to conduct business in 2021.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of PrJSC Obolon is Ukrainian businessman and former MP Oleksandr Slobodian.
It was noted that low-alcohol drinks produced by Obolon in 2020 occupied a third of the Ukrainian market for this product.
Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer.
It includes the main plant in Kyiv and nine enterprises in the regions of the country.
The main brands are Obolon, Carling, Zlata Praha, Hike premium, Zibert, Keten, Hardmix, BeerMix, Desant, Zhygulivske, Zhyvchyk, Obolonska and Prozora. The corporation also produces low-alcohol drinks Rio, Gin Tonic, Vodka Lime, Whiskey Cherry, Rum Cola, Brandy Cola and Ciber.
Ferrexpo mining company with assets in Ukraine at the end of 2020 saw $635.292 million in net profit, which is 57.5% higher than in 2019 ($403.293 million).
According to the annual statements published by the company on the London Stock Exchange on Wednesday, its revenue grew by 12.8% last year, to $1.7 billion from $1.507 billion.
Underlying EBITDA rose by 46%, to $859 million (in 2019 it was $586 million). The company increased its net cash flow from operations by 45%, to $687 million ($473 million). Capital investment decreased 17%, to $206 million ($247 million).
Non-executive Chair of Ferrexpo Lucio Genovese said that the year 2020 was one that will be remembered as a difficult time for communities around the world. In response to the global COVID-19 pandemic, Ferrexpo acted swiftly, setting up a dedicated COVID-19 Response Fund in March 2020, approving $2.5 million for supporting local communities, in addition to taking significant measures to protect our workforce.
“Although COVID-19 caused disruption to global iron ore demand patterns, our central geographic location between Europe and Asia, coupled with flexibility our logistics capacity, enabled us to efficiently pivot towards China in 2020, as it quickly emerged from the pandemic with a strong growth focus on metals. The resultant rise in iron ore prices, coupled with the group’s increase in production and cost control, has driven the strong financial performance for the group in 2020,” he said.
Genovese said that through consistent investment and capital management, the group has once again been able to deliver strong financial performance, coupled with shareholder returns. Dividends paid during the 2020 calendar year grew by 26% to $195 million, after re-investing $206 million back into operations and $148 million of debt repayments.
“In light of the Group’s strong operational and financial performance, coupled with the group’s transition to a net cash position and continued healthy iron ore prices, the group is pleased to announce today a further special interim dividend of 39.6 U.S. cents, bringing total dividends paid in respect of 2020 to 72.6 U.S. cents (2019: 19.8 U.S. cents). The Board will consider, as appropriate, whether or not to propose a final dividend in respect of 2020, which if proposed will be put to the group’s AGM,” he said.
As reported, Ferrexpo in 2020 increased its total pellet production by 7% compared to 2019, to 11.218 million tonnes. Concentrate output grew by 5.9%, to 14 million tonnes.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of shares in Poltava Mining, 100% in Yeristovo Mining and 99.9% in Belanovo Mining.
Ferrexpo is listed on the main floor of the London Stock Exchange.
A member of the international agro-industrial group Soufflet, malt producer PrJSC Slavuta Malt House (village of Krupets, Khmelnytsky region) increased its net profit 1.9 times in 2020 compared to 2019 – up to UAH 134.66 million.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets for the year decreased by 12.5% – to UAH 823.16 million, and retained earnings increased by 5.4% – to UAH 531.02 million.
At the end of the year, the total accounts receivable of the PrJSC increased by 46.1% to UAH 323.12 million.
The company announces the annual meeting of its shareholders scheduled for April 22, in the agenda of which it is planned to make a decision on the direction of the retained net profit received in 2020 for the development of the company and replenishment of its working capital. The decision not to accrue or pay dividends to shareholders is also on the agenda.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of PrJSC Slavuta Malt House is chairman of the board of directors of the Soufflet Group, Jean-Michel Soufflet.
According to the data on the website of the Slavuta Malt House, in 2020 it produced 128.640 tonnes of malt, of which it exported 42.36 tonnes.
According to the French diversified Soufflet Group, it is one of the world’s largest malt producers, with 28 malt plants in Europe, Asia and South America. The company is the largest flour producer in France, it produces bread and confectionery in France and Portugal, and operates on the international grain market through the Soufflet Negoce trading business unit.
JSC Koblevo (Mykolaiv region), one of the largest wineries in Ukraine, in 2020 increased its net profit by 24.1% compared to 2019, to UAH 24.76 million.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its assets for the year decreased 3.3%, to UAH 375.15 million, and retained earnings grew 2.2 times, to UAH 44.71 million.
The total accounts receivable at the end of the year increased by a quarter, to UAH 44.76 million.
The company announces an annual meeting of its shareholders scheduled for April 29, in the agenda of which it is planned to leave undistributed net profit received in 2020.
According to the unified public register of legal entities and private entrepreneurs, Sviatoslav Nechytailo is the ultimate beneficiary of JSC Koblevo.
Winery Koblevo is a part of Bayadera Group created in 1991. The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic beverages in Ukraine and Belarus, wines, vermouths and cognacs, and is also the exclusive importer of global alcohol brands in Ukraine.
Premier Palace Hotel (Kyiv) in 2020 received UAH 10.3 million of net profit, while in the previous year net profit amounted to UAH 112.6 million.
According to the message of the company in the information disclosure system of the National Securities and Stock Market Commission on the meeting of shareholders on April 6, net profit per share amounted to UAH 0.007.
Undistributed profit of the hotel slightly decreased to UAH 1 billion.
The total accounts receivable decreased by 26.3%, to UAH 12.7 million, long-term liabilities by 52.8%, to UAH 163 million, while the current ones increased by 87.3%, to UAH 286.7 million.
In general, the company’s assets decreased by 11.7% and amounted to UAH 297.2 million.
The shareholders also intend to use 95% of the profit received in 2020 to cover losses of previous periods, and 5% for the formation of reserve capital.
Premier Palace Hotel is part of the Premier Hotels and Resorts chain managed by Premier International LLC (Kyiv).
Premier Hotels and Resorts (Premier International LLC) unites 17 hotels of categories of three-five stars under the following brands: Premier Palace Hotels, Premier Hotels and Premier Compass Hotels. The hotels are located in Kyiv, Kharkiv, Dnipro, Lviv, Odesa, Poltava, Sumy, Kherson, Pochaiv, Mukachevo (Zakarpattia region), Oleksandriya (Kirovohrad region). The total room supply of the chain is more than 2,100 rooms.
