The net profit of ProCredit Bank (Kyiv) through January-June 2019 amounted to UAH 320.998 million, which is 2.6% more than in the same period of 2018 (UAH 312.901 million).
According to the bank’s quarter report posted on its website, its net interest income in the first half of the year increased by 14.6% compared to the corresponding period of 2018, to UAH 606.106 million.
The bank’s assets for the six months increased by 2.3%, to UAH 21.479 billion, loans and customers’ debts by 2.2%, to UAH 16.893 billion.
The liabilities of the bank for this period rose by 0.9%, to UAH 18.175 billion, net worth decreased by 10.8%, to UAH 3.305 billion.
The charter capital in the first half of 2019 remained at the level of UAH 1.424 billion.
ProCredit Bank (formerly Microfinancial Bank) was founded in 2001. Its only shareholder on January 1, 2019 was ProCreditHolding holding 89.3226% of shares.
ProCredit Bank ranked 16th among 77 operating banks in Ukraine as of April 1, 2019 in terms of total assets (UAH 21.663 billion), according to the National Bank of Ukraine.
Monfarm pharmaceutical company (Cherkasy region) in January-June 2019 increased its net profit by 28.64% compared to the same period of 2018, to UAH 8.539 million.
According to the information disclosure system of the National Commission on Securities and the Stock Market, the company’s gross profit in the first half of the year increased by 8.12%, to UAH 30.084 million, and its net income decreased by 0.36%, to UAH 70.495 million.
As reported, Monfarm pharmaceutical company in 2017 reduced its net profit by 9.6% compared with 2017, to UAH 15.321 million.
PJSC Monfarm was established in 1994 through the corporatization and privatization of state enterprise Monastyrysche Pharmaceutical Plant, organized in 1986 on the basis of a distillery, as part of the Kyiv pharmaceutical association Darnitsa. At present, the range of medicines that Monfarm produces includes more than 70 types of drugs from various pharmacotherapeutic groups.
According to the state register, the ultimate beneficiary of the company is Yakiv Kuznetsov.
PrJSC Mondelez Ukraine (previously Kraft Foods Ukraine) in 2018 saw its net profit rise by 63%, to UAH 450.6 million.
According to the company’s report, its revenue amounted to UAH 5.9 billion (24% more). Confectionery made up 42% of the revenue, cookies 24%, salty snacks 17%, the rest were cocoa products and snacks.
The share of exports in total sales amounted to 57%.
The company has no long-term liabilities, while its current liabilities for 2018 rose by 33%, to UAH 1.9 billion.
Last year’s retained earnings amounted to UAH 1.4 billion (16% less).
PrJSC Mondelez Ukraine is part of Mondelez International, one of the world’s largest producers of chocolate goods, cookies, candies, and chewing gum.
Net profit of PrivatBank (Kyiv) in January-June 2019 totaled UAH 18.3 billion, which is 2.7 times more than a year ago (UAH 6.9 billion), PrivatBank Board Chairman Petr Krumphanzl has told Interfax-Ukraine.
According to him, net interest income of the bank over the period amounted to UAH 9.8 billion, net commission income reached UAH 8.5 billion.
“One of the significant factors that contributed to the achievement of good financial result is the high efficiency of the bank. This is ensured by significant automation of processes, high efficiency of the regional network, which includes almost 2,000 branches,” the banker said.
As reported, the government of Ukraine on December 18, 2016, referring to the offer of the National Bank of Ukraine (NBU) and former shareholders of PrivatBank, the largest of who at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest Ukrainian financial institution and infused over UAH 155 billion in its capital.
According to the NBU, PrivatBank as of April 1, 2019 was first among 77 banks operating on the market in terms of total assets (UAH 525.698 billion).
JSC Ukrgazvydobuvannia in January-March 2019 increased its net profit by 3% (UAH 222.065 million) compared to the same period last year, to UAH 7.546 billion.
According to the report on the company’s website, its net income for the first quarter increased by 21% (UAH 3.924 billion), to UAH 22.609 billion, gross profit by 5.7% (UAH 543.67 million), to UAH 10.150 billion.
As reported, Ukrgazvydobuvannia in 2018 reduced its net profit by 11% compared to 2017, to UAH 27.135 billion (about $1 billion). Its net income for 2018 increased by 5.2%, to UAH 78.970 billion, while gross profit decreased by 8.8%, to UAH 38.368 billion.
IT company GlobalLogic Ukraine in 2018 saw a 32% rise in revenue, which is higher than average growth, the company has said.
“Ukraine occupies an important place in the regional structure of companies. In the past calendar year, GlobalLogic’s revenue in Ukraine grew by 32%, while the local IT market is growing by an average of 20-25% per year. Similarly, our profit increased, which we do not derive from the country, and fully use for business development in Ukraine,” Managing Director of GlobalLogic in Central and Eastern Europe Ihor Beda said.
According to him, the company expects that further consolidation of efforts in Central and Eastern Europe will increase the growth of the company’s performance and investment opportunities in the region.
Following the results of the past fiscal year (April 1, 2018 – March 31, 2019), the business of the GlobalLogic group of companies in Central and Eastern Europe grew by 27.6%. At the same time, the region accounts for 46.6% of the total revenue of the group of companies in the past financial year.
“Within the region, which includes 13 engineering centers in Ukraine, Poland, Slovakia and Croatia, only last year the group of companies invested $1.5 million in professional development and training of local specialists. A significant part of these investments falls on engineering talents in Ukraine,” the company said.
As reported, GlobalLogic is consolidating its business by combining 13 local development centers in the single region of Central and Eastern Europe, which will be headed by senior vice president of the company Ihor Beda, who has been the GlobalLogic Managing Director in Ukraine since 2014.
GlobalLogic Ukraine is the largest software developer in Ukraine. It has offices in Kyiv, Kharkiv, Lviv, and Mykolaiv.
