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.
The net profit of solvent banks in Ukraine in January-June 2019 amounted to UAH 31 billion, which is 3.7 times more than in the same period last year (UAH 8.3 billion), the NBU said on its Facebook page.
The NBU pointed to three factors of growth in bank profits: a 20% increase in net interest income of banks, to UAH 39 billion, a growth in net commission income by 17%, to UAH 21 billion, and a positive result from revaluation and from transactions on currency sale and purchase – UAH 10.4 billion.
According to the NBU, there were 76 operating banks in Ukraine as of July 1, 2019.
The net profit of ING Bank Ukraine in January-June 2019 amounted to UAH 366.478 million, which is 71.3% more than in the same period in 2018 (UAH 213.894 million), the bank reported in a statement published on its website.
Net interest income of the bank for the first six months of this year increased by 13.6% compared with the corresponding period last year, to UAH 526.102 million.
Its assets since the beginning of the year decreased by 2.4%, to UAH 10.684 billion, loans to customers by 24.8%, to UAH 6.418 billion.
The bank’s liabilities from the beginning of this year have decreased by 1.8%, to UAH 6.742 billion.
Charter capital in the first half of the year remained at the level of UAH 731.298 million, while net worth was down by 3.5%, to UAH 3.942 billion.
ING Bank Ukraine was founded in 1997. By January 1, 2019, its sole shareholder was ING Bank N.V.
ING Bank Ukraine ranked 21st among 77 operating Ukrainian banks as of April 1, 2019 in terms of net assets (UAH 11.347 billion), according to the NBU.
Kyiv-based state-owned Ukreximbank’s net profit in January-June 2019 amounted to UAH 862.153 million, which is 27% more than for the same period in 2018 (UAH 679.127 million), the bank said in a statement on its website.
According to the report, the bank’s net interest income for the first half of 2019 decreased by 10.5% compared to the corresponding period last year, to UAH 1.003 billion, while commission income increased by 13.7%, to UAH 530.914 million.
Assets since the beginning of 2019 have shrunk by 6.2%, to UAH 151.661 billion, loans issued to customers decreased by 7.5% to UAH 67.008 billion.
Bank liabilities from the beginning of this year decreased by 6.3%, to UAH 143.582 billion.
The bank’s charter capital in the first half of the year remained at UAH 38.730 billion, while its total equity capital decreased by 4.3%, to UAH 8.078 billion.
Ukreximbank, wholly owned by the state, was created in 1992.
It ranked third among 77 banks operating in the country in terms of total assets (UAH 232.798 billion) as of April 1, 2019, according to the National Bank of Ukraine.
The National Nuclear Generating Company Energoatom in January-June 2019 saw 2.9 times less in net profit compared to the same period in 2018 (by UAH 2.72 billion). It now totals UAH 1.114 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, in January-June 2019, its net revenue totaled UAH 23.060 billion, which is 12.3% more than a year ago (UAH 28.559 billion). Gross profit of Energoatom grew by 8.4% or UAH 435.6 million, to UAH 5.601 billion.
As reported, the company in January-June 2019 increased electricity generation by 6.5% compared to the same period of 2018, to 42.776 billion kWh.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.
The net profit of Universal Bank (Kyiv) in January-June 2019 amounted to UAH 268.46 million, which is 5.7 times more than in the same period of 2018.
According to the report posted on the bank’s website, the net interest income of the bank in the first half of this year increased by 2.4 times compared with the corresponding period of 2018, to UAH 452.967 million.
The bank’s assets for six months of this year rose by 42.3%, to UAH 12.034 billion, in particular loans to customers were by 41.1%, up – to UAH 6.612 billion.
Since the beginning of the year, the bank’s liabilities grew by 43.4%, to UAH 10.898 billion, its net worth increased by 32.1%, to UAH 1.136 billion. Charter capital remained at the level of UAH 3.103 billion.
Universal Bank is part of TAS Group of businessman Sergiy Tigipko, which was founded in 1998 and has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects.
