Dneprovagonmash JSC (DVM, Kamianske, Dnipropetrovsk region), a large railcar building company in Ukraine, controlled by the TAS financial and industrial group of businessman Serhiy Tigipko, completed January-September with a net profit of UAH 6.15 million, while in the first nine months of 2021 the loss was UAH 97.7 million.
According to the interim reporting of the company (non-consolidated), published on Friday in the information disclosure system of the National Commission for Securities and Stock Market (NCSMFR), its net income increased by 2.2 times – up to UAH 849.86 million.
The plant received UAH 81.6 million in gross profit (against a loss of UAH 28 million a year earlier), and operating profit amounted to UAH 11.75 million (a loss of UAH 101.4 million).
As reported, DVM in the first half of this year increased its net income by 2.3 times compared to the same period last year – up to UAH 493 million, and reduced the loss by 67%, to UAH 25 million.
Thus, in the third quarter of 2022, it more than doubled its net income to UAH 357 million and received UAH 31.14 million of net profit against a loss of UAH 22 million in July-September 2021.
The report says that in the first nine months of this year, DVM produced 468 railcars, mainly gondola railcars and flatcars for large-tonnage containers.
“Dneprovagonmash” is one of the leading Ukrainian enterprises in the design and manufacture of freight cars.
As reported, in January-September 2021, against the backdrop of a crisis situation in the railcar building of Ukraine, the plant received a net loss of UAH 97.7 million, with a decrease in net income by 38.7% to UAH 384.4 million.
In total, last year DVM reduced the production of freight cars by 39.2% – to 477 units, sales – by 44% to 461 units. In total, 1.9 thousand wagons were produced in Ukraine.
PJSC Interpipe Novomoskovsky Pipe Plant (Interpipe NMTZ, Dnipropetrovsk region) increased its net profit by 2.2 times in 2021 compared to the previous year, to UAH 175.722 million.
According to the company’s annual report published on Monday, Interpipe NMPP increased its net income by 43.6% in 2021, to UAH 3 billion 871.695 million.
Retained earnings at the end of 2021 amounted to UAH 514.575 million.
As reported, Interpipe NMPP increased its net income by 25.1% in 2020 to UAH 3 billion 63.202 million, received a consolidated net profit of UAH 80.919 million, while it ended 2019 with a net loss of UAH 43.743 million.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe.
The structure of the company includes five industrial assets: Interpipe Nizhnedneprovsk Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Plant (NMTZ), Interpipe Niko-Tube, Dnepropetrovsk Vtormet and the Dneprostal electric steel-smelting complex under the Interpipe Steel brand .
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and members of his family.
“Interpipe NMTZ” specializes in the production of welded pipes for the oil and gas industry, mechanical engineering, construction and other industries.
According to NDU data for the second quarter of 2021, Interpipe Limited (Cyprus) owns 89.8681% of the shares of the plant, while Lindsell Enterprises Limited (Cyprus) owns 6.2918%.
The authorized capital of PJSC Interpipe NMPP is UAH 50 million, the par value of a share is UAH 0.25.
The international vertically integrated pipe and wheel company Interpipe in January-June of this year reduced its net profit by 33.8% compared to the same period last year – to $19.532 million from $29.431 million.
According to the company’s interim report on operating and financial results for the second quarter and as a whole for the first half of 2022, pretax profit in January-June decreased by 51%, to $24.899 million from $50.766 million for the same period in 2021.
At the same time, operating profit increased by 6%, to $66.567 million from $62.847 million.
Interpipe in the first half of this year received $50.429 million EBITDA, which is 54.7% lower than in the same period last year ($111.209 million). The company’s revenue for this period decreased by 9.9%, to $595.638 million from $661.055 million.
In addition, Interpipe reduced free cash from $206.008 million at the beginning of this year to $156.767 million by the middle of the year.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe. In 2021, Interpipe sold 602,000 tonnes of pipe products and 174,000 tonnes of railway products. Railway products are sold under the KLW brand.
The profit of Ukrainian banks in January-August 2022 amounted to UAH 8.4 billion, which is 5.4 times less than in the same period last year (UAH 45.6 billion), the press service of the National Bank of Ukraine (NBU) reported on Thursday.
According to the report, the profit of Ukrainian banks in August amounted to UAH 5.05 billion, which is 37% less than the profit in July (UAH 8.05 billion).
The regulator noted that the income of banks in August increased by 20.3%, and expenses by 17.9%.
According to the regulator, the income of banks for 8 months of this year increased by 32% against the figure for the same period last year – up to UAH 227.5 billion. Including commission income increased by 2.25 times – up to UAH 130.846 billion.
At the same time, the result from the revaluation and from purchase and sale transactions was positive and amounted to UAH 39.617 billion, while for the same period last year it was negative and amounted to UAH 1 billion.
At the same time, the expenses of the banking system in January-August 2022 increased by 72% compared to this indicator in 2021, to UAH 219 billion, including contributions to reserves, by 12.4 times, to UAH 89.4 billion. At the same time, fee and commission expenses increased by 0.8% to UAH 21.93 billion,
As reported, Ukrainian banks doubled their net profit in 2021 to UAH 77.5 billion compared to UAH 41.3 billion in 2020.
Alfa-Bank’s (Ukraine) Supervisory Board offers Alfa-Bank (Ukraine) shareholders to direct 90% of net profit for 2021, or UAH 2 billion 987.21 million, to cover losses of previous years.
According to the agenda of the annual meeting of shareholders, which is scheduled to be held remotely on September 30, it is planned to send the remaining 10% of net profit or UAH 331.91 million to the reserve fund, and not pay dividends.
In addition, the meeting plans to approve the supervisory board of Alfa-Bank, consisting of six people, while before the war, at an extraordinary meeting in January this year, the supervisory board was expanded from 10 to 12 people.
At present, out of the 12 members elected by the then meeting in the Supervisory Board, according to information on the website, exactly half remained, of which three independent directors are Yevhen Davidovich, Volodymyr Zhmak and Viktor Lysenko and three representatives of ABH Ukraine are Roman Shpek (Head of the Supervisory Board), Andrew Baxter and David Mark Brown.
Since January, for various reasons, the Supervisory Board has left the representative of ABH Ukraine Petr Aven, Ilyadr Karimov, Vladimir Voeikov and independent directors Ernest Galiev, Adnan Anachali and Elena Volskaya.
According to the bank, its largest shareholders at the moment indirectly are Andrey Kosogov (40.9614%, after the war he received packages of German Khan and Alexei Kuzmichev, who fell under the sanctions in the amount of 20.9659% and 16.3239%, respectively), Mikhail Fridman (32.8632%), Petr Aven (12.4018%), UniCredit S.p.A. (Italy, 9.9%), Mark Foundation for Cancer Research (3.8736%). Ex-Finance Minister of Bulgaria Simeon Dyankov, who in mid-April, in agreement with the National Bank, was given the right to vote on the majority stake in Alfa-Bank, is a trustee of the NBU on the stakes of Kosogov and those sanctioned by Fridman and Aven.
Alfa-Bank (Ukraine), according to the NBU, as of July 1, 2022, ranked 7th (UAH 104.03 billion) in terms of total assets among 68 banks operating in the country. The bank’s net loss, according to the National Bank, for January-June this year amounted to UAH 2 billion 348.5 million.
Last year, Alfa-Bank (Ukraine) increased its net profit to UAH 3 billion 319.12 million from UAH 1 billion 154.79 million a year earlier.
Agro-industrial holding Astarta, the largest sugar producer in Ukraine, received EUR 27.7 million in net profit in January-June 2022, which is 3.2 times less compared to the same period last year, according to the company’s report on the Warsaw Stock Exchange on Tuesday .
According to it, the company’s EBITDA decreased by 1.8 times – to EUR68.14 million, while revenue increased by 44%, to EUR218.3 million. The agricultural holding’s gross profit for this period decreased by 37.4% and amounted to EUR77.46 million , the gross margin and return on sales (EBITDA margin) fell 2.3 times – to 35% from 82%.
According to the report, as of June 30, 2022, the total assets of the agricultural holding increased by 21.4% compared to the data as of December 31, 2021 – up to EUR787.2 million, current liabilities – by 37.8% – up to EUR136.7 million, long-term liabilities – by 17.6%, up to EUR125.3 million.
“As of the end of the first half of 2022, net debt increased by 8% year-on-year to EUR193 million driven by an increase in working capital, while net financial debt decreased by 30% year-on-year to EUR53 million with higher balances cash at the end of the first half of 2022,” the agro-industrial holding said in a statement.
According to Astarta, 28% of the total revenue was generated by the sugar production segment, 35% by growing crops, 24% by the production of soybean meal and soybean oil, and 10% by dairy cattle breeding.
The sugar segment of the group in January-June 2022 showed an increase in revenue by 5% – up to EUR61.85 million due to an increase in prices for it by 23% – up to EUR613 per ton. During the reporting period, 121 thousand tons of sugar and sugar-containing products were produced, which is 6.2% less than in the first half of last year.
At the same time, the vast majority of sugar produced by Astarta (96%) was sold on the domestic market, and 4 thousand tons were exported (4%), while in the first half of last year all sugar was sold in Ukraine.
“Since Ukraine has removed export restrictions, and the EU has canceled import duties (for one year – IF-U), the total export of sugar from Ukraine reached 14 thousand tons in the first half of 2022. The share of Astarta in total sugar exports amounted to 30% The key buyers were the EU countries neighboring Ukraine and Moldova,” the manufacturer said in an exchange message.
Revenue generated by the agricultural segment of Astarta in January-June 2022 jumped 2.8 times compared to the same period in 2021, to EUR 76.9 million due to significant sales volumes and high prices for crops before the Russian military invasion of Ukraine. During this period, exports accounted for 79% of crop production segment revenue.
In January-June 2022, Agropromholding sold corn for EUR54.5 million (an increase of 2.3 times compared to the first half of 2021), wheat for EUR3.2 million (an increase of 2 times), sunflower for EUR18.1 million (an increase of 14 times) and rapeseed by EUR0.39 mln.
As of the date of this report, Astarta has completed the harvesting of winter crops; in total, 265 thousand tons of wheat and 19 thousand tons of rapeseed have been harvested. Due to less favorable weather conditions compared to the previous year, winter crop yields were lower: wheat – 4.8 tons/ha (17% less), rapeseed – 3.1 tons/ha (4% less).
The agro-industrial holding’s revenue in the soybean processing segment for the six months of this year increased by 18% to EUR52.7 million due to an increase in average prices for soybean meal to EUR480/ton (+7% compared to January-June 2021) and soybean oil to EUR1300/ ton (+38%). In total, Astarta produced 113 thousand tons of soybean meal (+18% compared to January-June 2021), 83 thousand tons of soybean meal (+17%) and 21 thousand tons of soybean oil (+17%).
