Agroton (Luhansk region) in January-June 2019 saw a 72.2% drop in net profit compared to the same period of 2018, to $3.28 million.
According to a report of the holding on the website of the Warsaw Stock Exchange (WSE), revenue over the period slightly grew by 7.4%, to $17.85 million.
Though, the holding saw 56.5% fall in gross profit, to $3.89 million, and its operating profit decreased 96.7%, to $0.2 million.
As of June 30, 2019, total cost of Agroton assets accounted for $110.9 million.
Through the sixth months of 2019, winter wheat sales revenue saw 21.3 times rise, to $2,56 million (13,800 tonnes), revenues of sunflower sales grew by 24.5%, up to $5.84 million (18,900 tonnes), corn remaining on the same level as the year ago with $0.094 million and other crops saw 1.6 times rise, to $0.36 million.
Revenue in the livestock segment fell by 10.8%, to $1.94 million and in the vegetable oil segment – by 25.8%, to $6.8 million.
Agroton has been working in Ukraine since 1992. It specializes in growing grains and oilseeds, production and sales of livestock products. Agroton’s land bank is about 118,000 ha. It is located in Luhansk and Kharkiv regions. The group owns two poultry farms in Luhansk region.
The Danish pig breeding company Goodvalley (previously Danosha) with assets in Ukraine, Poland and Russia, in April-June 2019 achieved a net profit of DKK95 million that is 2.8 times more than for the same period last year. According to the company’s report posted on its website, a revenue in the second quarter of 2019 increased by 2.9%, up to DKK385 million, as a result of a rise of pig sales and an increase in the average price to DKK12.29 per kg (against DKK11.31 per kg in the second quarter of 2018). The volumes of pork sales in this quarter were lower: 48% and 47% of the group’s revenue, respectively.
EBITDA grew by 1.9 times, to DKK136 million, EBITDA margin to 35.2% from 19.6% in April-June 2018.
The pig breeding segment revenue in Ukraine saw 5.4% rise, up to DKK97 million based on moderately high sales and prices, in Poland it slightly decreased and amounted to DKK240 million, in Russia it grew by 11.6% to DKK48 million.
In the second quarter of 2019, Goodvalley sold 9,500 tonnes of pigs (live weight), which is more than over the same period a year ago (9,100 tonnes of pigs) with an average price DKK12.13 per kg (DKK11.66 per kg in Q2, 2018).
Goodvalley Ukraine is a pig breeding company established in June 2004 in the village of Kopanky, Ivano-Frankivsk region. In addition to pig breeding, the group is engaged in crop production, feed production, biogas and electricity generation in Ukraine.
It is part of the Danish group Goodvalley, which develops pig breeding complexes in Poland, Ukraine and Russia.
The net profit of Kyiv-based Citibank in January-June 2019 reached UAH 988.495 million that is by 57.4% more than in the same period in 2018 (UAH 627.989 million), the bank said in its report.
Its net interest-bearing income for the six months came to UAH 968.718 million, a rise of 47.2% year-over-year.
The total assets of the bank over the period decreased by 2.7%, to UAH 24.161 billion, including 23.5% drop in the credits and debts of clients, to UAH 5.475 billion.
The report says that liabilities of the bank fell by 1.7%, to UAH 22.153 billion.
The bank’s charter capital remains the same in the first half of the year and totals UAH 200 million, net worth over the period reduced by 12.6%, to UAH 2.008 billion.
Citibank was founded in 1998. It is a subsidiary of the American-based Citibank NA.
The largest shareholders of the financial institution on January 1, 2018 were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%).
Citibank ranked 15th among 77 banks in terms of total assets on April 1, 2019 (UAH 22.890 billion), according to the National Bank of Ukraine.
The net profit of Credit Agricole Bank (Kyiv) in January-June 2019 amounted to UAH 824.944 million, which is 4.5% more than in the same period of 2018, according to a quarterly report of the bank.
According to the report, posted on the website of the financial institution, a net interest income in the first half of this year increased by 12.6% compared with the corresponding period of 2018, to UAH 1.198 billion.
The bank’s assets grew by 15%, to UAH 37.707 billion, in particular loans to customers by 13.8%, to UAH 24.689 billion.
The liabilities of the bank since the beginning of the current year have increased by 17.2%, to UAH 33.498 billion, net worth by 0.2%, to UAH 4.209 billion.
Charter capital in the first half remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its only shareholder is Credit Agricole S.A. (France).
Alfa-Bank’s net profit (Kyiv) in January-June 2019 amounted to UAH 909.674 million, which is 2.3 times more than in the same period of 2018, according to a quarterly report of the bank.
According to the report posted on its website, the net interest income of the bank in the first quarter of this year increased by 16.6% compared with the corresponding period of 2018, to UAH 2.007 billion.
Assets for six months increased by 4.2%, to UAH 62.876 billion, while loans to customers decreased by 1.4%, to UAH 31.999 billion.
Since the beginning of the year, the bank’s liabilities have increased by 2.9%, to UAH 56.922 billion, its net worth rose by 18.1%, to UAH 5.954 billion, charter capital remained at the level of UAH 12.179 billion.
Alfa-Bank was founded in 1993. ABH Holding also includes Alfa-Bank in Ukraine, Belarus, Kazakhstan, Russia and Amsterdam Trade Bank N.V. The subsidiaries of ABHH also operate in Cyprus and the UK.
Ferrexpo mining company with assets in Ukraine in H1 2019 reported $270.35 million in net profit, which is 77.6% higher than the same period in 2018.
According to the financial statements posted by the company on the website of the London Stock Exchange (LSE), higher iron ore fines prices and an increase in sales volumes account for the increase.
Ferrexpo’s revenue was 28% up and amounted $787 million, while EBIDTA increased 59% to $372 million.
“During the period we continued to benefit from strong pricing for our high-grade iron ore pellets, which helped deliver healthy cash flows. This enabled us to allocate capital to further reduce debt, increase organic investment in our assets to drive medium term growth and declare a record interim dividend to shareholders,” Ferrexpo Non-Executive Chairman Steve Lucas said.
