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.
Euroins Ukraine insurance company (Kyiv) ended 2020 with a net profit of UAH 37.548 million versus a net loss of UAH 14.6 million in 2019, follows from the materials for the agenda of the meeting of shareholders, made public in the information disclosure system of the National Securities and Stock Market Commission.
According to it, the company’s assets over the past year grew by 47%, to UAH 433.2 million, cash and their equivalent – by 22%, to UAH 56.4 million, equity – by 39.8%, to 129.7 UAH million, accounts receivable – by 71.6%, to UAH 67.2 million.
Noncurrent liabilities of the company in 2020 rose by 27.7%, to UAH 209.1 million, current liabilities – by 83.9%, to UAH 94.419 million.
As reported, Euroins Ukraine collected UAH 320 million in insurance payments in 2020, which is 25% more than a year earlier.
The insurer said that, according to the data of the Motor Transport Insurance Bureau of Ukraine, in 2020 Euroins Ukraine entered the top ten insurers of Ukraine in terms of the number of compulsory civil liability insurance of land vehicle owners (OSAGO) policies sold. The total amount of insurance payments of the company over 2020 exceeded UAH 110 million.
PrJSC Euroins Ukraine has been operating on the Ukrainian market since 1992, is a part of Euroins Insurance Group AD (Bulgaria).
PrJSC Fozzy Group (Vyshneve, Kyiv region) ended 2020 with a net profit of UAH 8.6 million, while in 2019 it saw a net loss of UAH 5 million.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission on the meeting of shareholders scheduled for April 2, dividends for 2020 are not planned to be charged or paid.
As indicated in the report, the net profit per share of Fozzy Group for the last year amounted to UAH 0.27, while in 2019, UAH 0.35 of a loss was per share.
Retained earnings of the company in the past year doubled and amounted to UAH 16.3 million.
The total accounts receivable of the PrJSC last year decreased 63%, to UAH 932.5 million, current liabilities decreased 32%, to UAH 1.6 billion. The company has no long-term obligations.
Fozzy Group’s assets at the end of 2020 decreased 17%, to UAH 3.6 billion.
PrJSC Fozzy Group was established in 2005. According to the National Securities and Stock Market Commission, the shareholder of the PJSC is Fozzy Group LLC (98.7%). In the unified public register of legal entities and private entrepreneurs, Volodymyr Kostelman is indicated as the ultimate beneficiary.
The registered capital of the company is UAH 32 million.
Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and metallurgical group, in 2020 increased its net profit by 54% compared to 2019, to $ 526 million from $ 341 million with a 2 percentage point increase in margin (p.p.), to 5% from 3%.
According to the audited consolidated financial results for 2020, published by the company, its revenue decreased by 3%, to $ 10.453 billion, EBITDA increased by 82%, to $ 2.204 billion, with a margin increase of 10 p.p., up to 21% from 11%.
The company’s total debt for 2020 decreased by 3% compared to 2019, to $ 2.937 billion from $ 3.032 billion, while the amount of cash tripled to $ 826 million from $ 274 million.
Net debt decreased by 23%, to $ 2.111 billion from $ 2.758 billion.
Capital investments decreased by 37%, to $ 663 million from $ 1.055 billion.
“Last year, the COVID-19 pandemic brought much of the global economy to a standstill. I am proud to report that Metinvest again proved able to navigate profound market challenges. We achieved higher margins and carried out key investment projects. We also protected our employees and communities while making progress on our environmental, social and governance (ESG) agenda,” Yuriy Ryzhenkov, the Chief Executive Officer of Metinvest, said commenting on the results.
“Our number one priority as the pandemic emerged was to safeguard our employees and local communities. We took firm and immediate steps, implementing enhanced health protocols at all assets and switching administrative staff to work remotely. We also supplied test kits and oxygen equipment to local healthcare institutions,” he said.
“After ensuring the safety of our people, the next task in our COVID-19 response was to maintain uninterrupted production across our assets. We ultimately delivered strong operational results, reflecting the positive effect of investments implemented in recent years,” he noted.
“Anticipating a difficult external environment, the group took the decision to reduce CAPEX in 2020, while maintaining it at a decent level. Key projects completed include launching the new down coiler at Illich Steel Mill’s modernized hot strip mill and upgrading the beneficiation facilities at Central GOK. We are carrying out a planned review of the Technological Strategy 2030 to ensure that projects bring maximum benefits,” he added.
“At the same time, Metinvest’s focus on operational improvements to ensure global cost competitiveness yielded a total effect of $ 376 million in 2020. We increased the efficiency of raw material and energy consumption, improved equipment productivity, streamlined logistics, enhanced the product mix and more,” the director said.
The net profit of Alfa-Bank (Kyiv) in 2020 amounted to UAH 1.21 billion, which is 1.6 times less than in 2019 (UAH 1.93 billion).
According to the bank, in the fourth quarter of last year, the bank received UAH 433.645 million of net profit, which is 1.4% less than in the same period in 2019 (some UAH 440 million).
Alfa-Bank’s assets over the past year increased by 35.6%, to UAH 97.5 billion, including the bank’s loan portfolio by 22%, to UAH 47.82 billion, due to loans provided to business entities, the volume of which increased by 51.4% to UAH 19.6 billion. At the same time, the volume of highly liquid assets increased by 39.5%, to UAH 7.2 billion, due to an increase in cash balances by 74.7%, to UAH 5.1 billion.
It is indicated that the balances on the account in the National Bank as of January 1, 2021 amounted to UAH 2.1 billion, while the liabilities to the National Bank reached the level of UAH 9.9 billion.
According to the statistics, the volume of balances placed on correspondent accounts in other banks increased 4.2 times, to UAH 8.3 billion.
The bank’s liabilities increased by 38.5% to UAH 87.8 billion, including the volume of legal entities’ funds by 34.8%, to UAH 30.4 billion, and funds of individuals by 19.4%, to UAH 41.5 billion.
The bank’s capital increased by 18.1%, to UAH 9.7 billion, and the regulatory capital as of January 1, 2021 amounted to UAH 8.8 billion.
As of October 1, 2020, Alfa-Bank ranked sixth in terms of total assets (UAH 101.64 billion) among 74 banks operating in the country.
The state-owned Oschadbank, according to preliminary results (without corrections and before the audit), in 2020 received a net profit of UAH 2.8 billion compared to UAH 277 million in 2019, the bank said on Friday.
“Since 2016, the bank has continued to operate profitably. The return on equity [RoE] of the bank at the end of 2020 is 13.8% and significantly exceeds the corresponding result in 2019 [some 1.3%],” the document said.
At the same time, Oschadbank said that the results of 2020 were significantly affected by creating reserves in accordance with international financial reporting standards (IFRS 9), due to negative forecasts for the activities of certain sectors of the economy. “These forecasts are caused by the application of adaptive and full quarantine restrictions in the fight against the coronavirus [COVID-19] pandemic, as well as the current slowdown in business activity,” Oschadbank said.
Over the nine months of 2020, it posted a net profit of UAH 4.74 billion, which is 25 times higher than this indicator for the same period in 2019 (some UAH 189 million). The bank’s net interest income for the three quarters of last year increased by 35.4%, to UAH 5.67 billion, and the net commission income by 8.4%, to UAH 3.24 billion.
According to the report, the net interest income of Oschadbank as a whole for 2020 increased by UAH 2.5 billion, or by 45.4%, to about UAH 8 billion, mainly due to a decrease in interest expenses due to cheaper funding.
The financial institution indicated a significant increase in the fixed-term resource base last year more than UAH 9 billion (10%), including on deposits of individuals UAH 4.9 billion, and on deposits of business entities UAH 4.3 billion.
The loan portfolio for the year decreased by 3%, to UAH 63.2 billion, the press release said.
Among the achievements of last year, Oschadbank singled out a decrease in the level of non-performing loans (loans overdue more than 90 days) from 49% to 24%. During the year, it was possible to restructure loans totaling UAH 16.4 billion, in cases of non-performing loans, the courts issued verdicts in favor of Oschadbank in the amount of UAH 3.9 billion, of which it managed to return UAH 2.8 billion, the financial institution said.
The message also indicates that as of the end of 2020, Oschadbank’s equity capital was UAH 22 billion, and the capital adequacy ratio was 19%, while the National Bank’s standard was 10%.
The financial institution also indicated that in 2020 it paid UAH 3.4 billion in taxes, fees and mandatory payments to the state budget.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the National Bank of Ukraine, as of October 1, 2020, Oschadbank ranked second (UAH 266.29 billion) among 74 banks operating in the country in terms of total assets.
