Ovostar Union, one of the leading producers of eggs in Ukraine, saw its net profit fall by 81.1% in January-September 2019 compared to the same period in 2018, to $2.6 million.
According to the company’s report on the Warsaw Stock Exchange’s website, its revenue decreased by 18%, to $77.63 million, which was due to lower egg sales and negative price dynamics in the reporting period.
Gross profit of Ovostar in January-September 2019 decreased by 2.6 times, to $9.18 million, operating by 4.7 times, to $3.22 million. EBITDA in the reporting period showed a decrease of 3 times, to $5.9 million, EBITDA margin from 18% to 8%.
As of September 30, 2019, total debt amounted to $12 million, net debt to $6.1 million.
As reported, Ovostar in Ukraine in January-September 2019 reduced egg sales by 15.9% compared to the same period in 2018, to 888 million pieces. Egg production during this period decreased by 0.9%, to 1.191 billion pieces.
Ovostar Union is a vertically integrated public holding company, one of the leading producers of eggs in Europe. The manufacturer is a certified exporter to the EU since 2015.
KSG Agro in January-September 2019 saw $10 million of net profit, which is almost 4.5 times more than a year ago.
According to unaudited interim condensed consolidated financial statements of the holding posted on the Warsaw Stock Exchange (WSE), its revenue over the period fell by 11.3%, to $17.76 million.
KSG in January-September of this year reduced gross profit by 58.3% compared to the same period in 2018, to $ 1.86 million, operating – by 41.2%, to $2.54 million.
KSG’s revenue in the crop production segment for the reporting period decreased 32.2%, to $7.8 million. In particular, from the sale of sunflower oil the company saw $4.9 million, wheat $1.6 million, rapeseed $0.5 million, barley $0.5 million and sorghum $0.2 million
Over the first nine months of 2019, KSG’s revenue in the livestock segment decreased 1.7%, to $5.8 million (last year, sales of cows were included in the segment’s revenue, later KSG sold cattle and focused on pig breeding), pig sales remained at the January-September 2018 level and amounted to 72,000 heads.
The total assets of the agricultural holding as of September 30, 2019 amounted to $75.7 million compared with $53.2 million as of December 31, 2018.
In 2019, the group completed the restructuring of its core loans. In particular, In February 2019, the Group has restructured its debt under the loan from Big Dutchman Pig Equipment. The remaining balance was repaid in full. In July 2019, the group has finalized restructuring terms for an overdue loan from Landesbank Baden-Wuerttemberg (LBBW) in the total amount as at December 31, 2018, including interest, of $9.9 million. As a result, the group’s debt under the loan was reduced to EUR 3.2 million. At the date these financial statements are being issued, the remaining balance is $3.3 million
The group’s long-term liabilities as of September 30, 2019 amounted to $19.1 million compared with $20.5 million as of December 31, 2018, current liabilities as of September 30, 2019 amounted to $52.5 million compared with $49.1 million as of December 31, 2018.
As of the reporting date, KSG has completed its 2019 harvesting campaign and is sowing winter crops. As of September 30, 2019, the group harvested 14,500 tonnes of wheat, 12,200 tonnes of sunflower, 3,900 tonnes of barley, 2,800 tonnes of corn and 1,100 tonnes of rapeseed.
The net profit of Citibank (Kyiv) in January-September 2019 totaled UAH 1.55 billion, which is 1.6 times more than a year ago (UAH 994.33 million), according to quarterly financial statements of the bank.
According to the statements posted on the website of the bank, net profit in Q3 2019 totaled UAH 565.15 million, which is 1.5 times more than a year ago.
Net interest income in January-September 2019 increased 38.2% compared to the same period in 2018, to UAH 1.44 billion.
Bank assets since the beginning of the year grew by 15.7%, to UAH 28.74 billion, including cash and trading assets increased 1.6 times, to UAH 11.81 billion and to UAH 2.24 billion, respectively, and investments in government bonds – 5.1 times, to UAH 3.46 billion. At the same time, loans to customers decreased 46.7%, to UAH 3.810 billion.
According to the results of January-September, the bank’s liabilities grew by 15.9%, to UAH 26.12 billion.
The bank’s net worth for this period increased 14%, to UAH 2.62 billion, while the charter capital remained at UAH 200 million.
Citibank was founded in 1998. It is a subsidiary of the American Citibank NA.
The largest shareholders of the financial institution as of January 1, 2019 were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%).
According to the National Bank of Ukraine, as of July 1, 2019, Citibank ranked 15th among 76 banks in terms of total assets.
The net profit of ING Bank Ukraine (Kyiv) in January-September 2019 totaled UAH 581.984 million, which is 70.7% more than a year ago (UAH 311.638 million), according to quarterly financial statements of the bank posted on its website last week.
The net profit in Q3 2019 totaled UAH 165.506 million, which is 69.3% more than a year ago.
Net interest income for in January-September this year increased 5.7% compared to the corresponding period of 2018, to UAH 756.340 million.
According to the results of January-September 2019, the bank’s assets increased 11.0%, to UAH 12.159 billion, including loans issued to customers, which decreased 29.9%, to UAH 5.977 billion.
Bank liabilities from the beginning of the year grew by 17.3%, to UAH 8.051 billion.
The bank’s net worth for this period increased 0.5%, to UAH 4.108 billion. The charter capital remained at the level of UAH 731.298 million.
ING Bank Ukraine was founded in 1997. By January 1, 2019, its sole shareholder was ING Bank N.V.
According to the National Bank of Ukraine (NBU), on July 1, 2019, ING BankUkraine ranked 22nd in terms of net assets (UAH 11.413 billion) among 76 operating Ukrainian banks.
The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-September 2019 totaled UAH 1.994 billion, which is 36.8% more than a year ago (UAH 1.458 billion), according to quarterly financial statements of the bank posted on its website on Thursday.
The net profit in Q3 2019 amounted to UAH 728.905 million, which is 60.1% more than a year ago.
Net interest income in January-September 2019 increased 31% compared to the corresponding period of 2018, to UAH 3.884 billion.
The bank’s assets in January-September 2019 increased 3.2%, to UAH 51.444 billion, including loans issued to customers by 12.8%, to UAH 30.727 billion.
Bank liabilities from the beginning of the year decreased 1.2%, to UAH 43.029 billion.
The bank’s net worth for this period increased 33.1%, to UAH 8.415 billion. The charter capital remained at the level of UAH 3.294 billion.
FUIB was founded in 1991. The substantial shareholder in the bank is Rinat Akhmetov (99.9% indirectly).
According to the National Bank of Ukraine (NBU), as of July 1, 2019, FUIB ranked eighth (UAH 59.858 billion) in terms of total assets among 76 banks operating in the country.
The net profit of Alfa-Bank (Kyiv) in January-September 2019 totaled UAH 1.487 billion, which is 69.2% more than a year ago (UAH 879.189 million), according to a quarterly financial statements of the bank.
According to the report posted on Alfa-Bank’s website, net profit in the third quarter of 2019 amounted to UAH 577.513 million, which is 19.2% more than in the third quarter of last year.
Alfa-Bank’s net interest income in January-September 2019 increased 12.2% compared to the corresponding period of 2018, to UAH 2.998 billion. Assets increased 8.4%, to UAH 65.589 billion, including loans issued to customers by 1.3%, to UAH 32.885 billion. Bank liabilities from the beginning of the year grew by 6.4%, to UAH 59.058 billion. Net worth for this period increased 29.6%, to UAH 6.531 billion. The charter capital remained at the level of UAH 12.180 billion.
At the same time, Ukrsotsbank’s net loss in January-September 2019 amounted to UAH 1.092 billion, which is 30.1% more than for the same period of 2018 (UAH 839.465 million), according to a quarterly report on the bank’s website. In the third quarter of 2019, it increased 33.3% compared to the corresponding period of 2018, to UAH 618.586 million.
Ukrsotsbank’s net interest income in January-September 2019 decreased 55.3% compared to the same period in 2018 and amounted to UAH 339.940 million. Assets decreased 31.8%, to UAH 10.690 billion, including loans issued to customers by 37.7%, to UAH 6.116 billion. Liabilities of Ukrsotsbank decreased 30.9%, to UAH 8.708 billion. Net worth decreased 35.5%, to UAH 1.982 billion. The charter capital in January-September 2019 remained at the level of UAH 16.673 billion.
As reported, the National Bank of Ukraine (NBU) in October 2019 revoked the banking license and removed Ukrsotsbank from the public register of banks in connection with the completion of reorganization of Ukrsotsbank through merger with Alfa-Bank.
According to the NBUB, as of July 1, 2019, Alfa-Bank was sixth (UAH 72.159 billion) in terms of total assets, Ukrsotsbank – 13th (UAH 33.129 billion) among 76 operating financial institutions
