PrJSC New Engineering Technologies (Kyiv), the owner and management company of the five-star hotel Hyatt Regency Kiev, in 2018 saw its net profit rise by 9.3% compared with 2017, to UAH 102.056 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission about a general meeting of shareholders scheduled for April 18, its assets remained almost unchanged and amounted to UAH 348.7 million.
According to the agenda of the meeting, the company plans to pay UAH 101.182 million in dividends for 2017-2018.
The size of dividends will be UAH 0.47 per share.
According to the report, the total debtor indebtedness of the enterprise in 2018 decreased by 36.6%, to UAH 5.336 million.
Retained earnings increased by 7.7%, to UAH 102.07 million.
Short-term liabilities decreased by 19.5% and amounted to UAH 31.3 million. The company had no long-term liabilities by the end of last year.
In addition, the company intends to include UAH 873,300 in retained earnings.
ASKO-Medservice insurance company (Kyiv) in 2018 posted a net profit of UAH 7.254 million, while in 2017 its net loss was UAH 12.576 million, according to materials for the agenda of a general meeting of shareholders scheduled for April 19. The company’s assets last year increased by 2.3 times, to UAH 841.274 million.
The insurer also increased its net worth by almost 3.2 times, to UAH 416.231 million. Its charter capital has not changed and amounts to UAH 25.2 million.
The total debtor indebtedness of the company increased by 2.2 times, to UAH 240.418 million. Cash and cash equivalents rose by 70.9%, to UAH 92.991 million, long-term liabilities by 31.2%, to UAH 123.225 million, current liabilities by 2.2 times, to almost UAH 301.818 million.
ASKO-Medservice was founded in 1993 through the reorganization of ASKO-Zhytomyr Ltd. insurer. Its core business is transport and property insurance, insurance of vehicle owners’ civil liability, and other mandatory types of insurance.
Private joint-stock company Ukrhydroenergo in 2018 saw a 2.5-fold rise in net profit compared with 2019, to UAH 3.668 billion, the company’s press service has reported.
Net revenue grew by 39.25, to UAH 7.961 billion.
As reported, in 2017, the company saw a 33.7% fall in net profit, to UAH 1.466 billion. Net revenue decreased 4.7%, to UAH 5.716 billion.
Ukrhydroenergo operates all the major hydroelectric power plants located in the Ukrainian parts of the Dnipro and Dniester rivers. The total installed electric capacity of the hydropower plants of the company (103 hydroelectric units) is 5,758 MW. The state represented by the Ministry of Energy and Coal Industry fully owns the company’s shares.
Kernel, one of the largest Ukrainian agricultural groups, received $164 million of net profit in the first half of the 2019 fiscal year (FY, July 2018-June 2019), which is 83% more than in the same period last year.
According to the company’s financial report on the website, its revenue in July-December 2019 FY increased by 2.1 times, $2.255 billion.
The operating profit of Kernel rose by 2.4 times, to $193.4 million, EBITDA by 1.9 times, to $229.9 million.
According to the company, the group’s revenue from oilseeds processing grew by 9%, to $736.5 million, from infrastructure segment and sales in July-December 2019 FY by 4.2 times, to $1.741 billion, from crop production by 22%, to $342.5 million.
According to the report, the company plans in the 2019 FY to process 3.1 million tonnes of sunflower and export 6-6.2 million tonnes of grain.
PrJSC MetLife (Kyiv) saw UAH 166.5 million in net profit in 2018, which is 43.6% more than a year ago (UAH 115.9 million), according to the materials to the agenda of the general meeting of shareholders of the insurer scheduled for March 14, 2019.
Undistributed profit of the company for 2018 amounted to UAH 84.077 million, which is 2.5 times more than in 2017.
Last year, the company increased its assets 22.8% compared with 2017, to UAH 2.619 billion.
The net worth of the insurer for the year increased 18.5%, to UAH 325 million.
Total accounts receivable increased 28%, to UAH 49.6 million, cash and cash equivalents decreased 77.8%, to UAH 124.363 million, current liabilities increased 35.5%, to UAH 134.4 million, and long-term liabilities – by 22.7%, to UAH 2.159 billion.
Private joint-stock company MetLife, registered in 2002, is part of the MetLife international group of companies.
Ukrainian solvent banks in 2018 saw UAH 21.7 billion of net profit compared with UAH 26.5 billion of net loss a year ago, according to a posting on the website of the National Bank of Ukraine (NBU). According to the central bank, the recovery of the profitability of the banking system has become possible thanks to the reduction of sending funds to reserves with a steady increase in interest and commission fee income.
“The amount of payments to reserves more than halved, to UAH 23.7 billion in 2018 from UAH 49.2 billion in 2017. At the same time, the net interest and commission fee income of the banking system increased by an average of 38%,” the NBU said.
At the same time, the National Bank said that the main interest income, as before, is generated by corporate loans – 46% of the total amount, while investment in securities provided 27% of interest income, and retail loans – 26%.
Commission fee incomes increased against the background of the development of cash settlement and other related lending payments, to 25% in the structure of all revenues.
“After 2014-2017 unprofitable for the banking system, profit of banks in 2018 is the largest on the historical horizon. It became possible thanks to the intensification of lending, primarily retail in national currency, which increased by more than 30%. In addition, the decline in interest rates on deposits of individuals during most of the year and a significant reduction in allocations to reserves contributed to profitability of the banking sector. We expect that the year 2019 will also be successful as lending will continue growing,” First Deputy NBU Governor Kateryna Rozhkova said.
The NBU also reported that out of 77 banks operating on January 1, 2019, 64 banks posted UAH 34.4 billion of net profit. At the end of 2017, 64 out of 82 banks operating at that time were profitable.
The most profitable in 2018 were banks with foreign capital (UAH 15 billion profit for the year) and PrivatBank (UAH 11.7 billion). The main loss was generated by banks with public Russian capital (a UAH 11 billion loss).
According to the National Bank, the last time the banking system was profitable in 2013, when its profit amounted to UAH 1.4 billion. Then, in 2014, Ukrainian banks saw a net loss of UAH 33.1 billion, in 2015 a net loss of UAH 66.6 billion, in 2016 a net loss of UAH 159.4 billion and in 2017 UAH 26.5 billion.
