PJSC Pyriatyn Cheese Factory (Poltava region), one of the largest cheese making enterprises of Ukraine, received a net profit of UAH 96.4 million in 2017, which is 1.6 times more than in 2016. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net income last year increased by 1.4 times, to UAH 1.52 billion.
The gross profit of the cheese plant over the year increased by 1.4 times, to UAH 236.3 million, operating profit by 1.3 times, to UAH 126.96 million.
The sales of hard cheese in monetary terms decreased by 4.5%, to UAH 225.2 million, in natural terms by 28%, to 2,300 tonnes. Sales of processed cheese in money terms increased by 9.6%, to UAH 130.92 million, in natural terms decreased by 13.4%, to 2,150 tonnes.
Pyriatyn Cheese Factory is part of Milk Alliance, established in June 2006 as a holding company with a charter capital of UAH 23.5 million and a balance sheet, 99.9% consisting of long-term financial investments.
Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, saw UAH 889.1 million of net profit in 2017, which is 3.5 times more than a year ago. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue last year grew by 37.9%, to UAH 2.664 billion.
Gross profit rose by 40.3%, to UAH 405.5 million, and operating profit grew 1.9-fold, to UAH 1.016 billion.
As reported, the company plans to increase the number of pigs by 75%, to 1 million pigs and introduce several new technologies in agriculture.
APK-Invest is a vertically integrated agro-industrial company with a complete closed cycle of production of chilled pork from growing grain and animal feed production to production and sale of meat goods.
Euroins Insurance Group (Bulgaria), which includes Euroins Ukraine (Kyiv), in 2017 increased revenue by 19%, for the first time exceeding BGN 1 billion (EUR 512 million), and quadrupled net profit to BGN 42 million (EUR21.5 million), according to a press release from Euroins Ukraine.
It is also noted that in general the income of Eurohold Bulgaria AD, which includes Euroins Insurance Group, in 2017 increased by 18% compared to the previous year and amounted to BGN 1.2 billion (about EUR615 million). Net profit increased by almost 2.4 times, to BGN 24.4 million (EUR12.5 million), while operating profit (EBITDA) by 65%, to BGN 57.6 million (EUR29 million).
The holding’s net worth as a whole increased to almost BGN 215 million (EUR110 million), while its assets grew by 17%, to BGN 1.33 billion (EUR681 million).
The press release says on April 17, 2018 Euroins Insurance Group purchased Ukraine’s European Travel Insurance (ERV) from the German company ERGO, owned by MunichRe concern.
PJSC Euroins Ukraine has been operating in the Ukrainian insurance market for 25 years. The regional network of Euroins Ukraine covers 26 cities of Ukraine. The weighty share in the company’s portfolio is occupied by KASKO, which is one of the priority activities. The strategy of Euroins Ukraine foresees occupying 5-10% of the Ukrainian insurance market.
Ukrtelecom in January-March 2018 received UAH 153 million of net profit, which is 24.4% more than for the same period in 2017, company director general Yuriy Kurmaz has said at a press conference in Kyiv. According to him, net income for this period fell by 2.9%, to UAH 1.615 billion.
EBITDA decreased by 1.3%, to UAH 383 million, while the EBITDA margin increased by one percentage point to 23.7%.
Kurmaz added that revenue from telecommunications services in the first quarter of this year decreased by 5% compared to the same period last year, to UAH 1.435 billion.
In January-March the operator provided fixed-line telephony services worth UAH 747.3 million, while by the end of the quarter it serviced 4.5 million active telephone lines.
Revenues from providing broadband Internet services for this period rose by 4.1%, to UAH 455 million. At the same time, the operator serves 1.445 million subscribers in more than 2,200 settlements.
By the end of the first quarter, Ukrtelecom serviced 3.6 million fixed-line subscribers, 1.3 million subscribers to Internet access services, and 93,000 TV subscribers in the B2C segment. Revenues in this segment from telephony decreased by 6.8%, to UAH 562 million, revenues from providing access to the Internet grew by 0.6%, to UAH 322 million.
Public joint-stock company Ukrtransnafta increased net profit by 40.8% or UAH 620.408 million in 2017, to UAH 2.14 billion, the company has reported.
Net revenue grew by 8.1% or UAH 283.254 million, to UAH 3.788 billion, and gross profit increased 6.8% or UAH 117.325 million, to UAH 1.843 billion.
In 2017, Ukrtransnafta provided for transportation of 16.034 million tonnes of crude oil via its pipelines, including 13.937 million tonnes in transit mode to European oil refineries 1.247 million tonnes extracted in Ukraine and 850,000 tonnes of imported oil to Ukrainian oil refineries.
“Compared with the same period last year, transportation volumes increased by 5.3%, which is linked to an increase in the volume of oil transit to the EU by 0.8% (in particular, towards the Czech Republic, where early 2016 repairs were carried out at a local refinery) and the resumption of transportation of imported oil towards the Kremenchuk oil refinery in March 2017,” the company said.
Ukrtransnafta, 100% of whose shares are in the trust management of Naftogaz Ukrainy, is the operator of the national oil transportation system.
Ukrtransnafta’s trunk oil pipeline system, which includes pipes from 159 mm to 1,220 mm in diameters, stretches 4,767 kilometers and through 19 Ukrainian regions. It has annual capacity to accept 114 million tonnes for shipment and to supply 56.3 million tonnes to Europe.
Ovostar Union, a leading shell egg and egg products producer in Ukraine, saw a 2% rise in net profit in 2017, to $22.9 million.
According to a report of Ovostar published on Friday, revenue last year grew by 27%, to $98.7 million, and gross profit – by 18%, to $30.8 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 10%, to $26.5 million.
Assets rose by 19%, to $131 million, noncurrent liabilities narrowed by 20%, to $9.8 million and current grew by 52%, to $14.3 million.
Total debt fell by 11%, to $13.6 million, and cash and cash equivalents – by 23%, to $15 million.
The shell egg segment generated 69% of total revenue, the egg products segment – 30% and oil segment – 1%. Export revenue doubled, to $47.7 million. The share of products sold in Ukraine was 52%, that in the Middle East – 30%, the EU – 15% and other countries – 3%.
In 2018, Ovostar’s export sales are expected to generate around 50% of its total revenue, provided that no external factors negatively influence the egg industry.
“In terms of operating results, we expect the share of export in total sales volume of shell eggs to remain over 40%, of dry egg products – over 70% and of liquid egg products – over 40%,” the company said.
During 2017 the company decided to put the construction of new poultry houses on hold due to the recorded cases of avian influenza in the south of Ukraine, which led to restrictions in export of shell eggs from Ukraine.
“In 2018 we aim to continue expanding the production facilities and are intended to construct two poultry houses for laying hens, two rearing houses and a fodder mill,” the company said in the report.
