State-owned enterprise Ukrenergo saw its net profit rise by 53.7 times (by UAH 803.162 million) in January-March 2018 compared to the same period last year, to UAH 818.416 million. According to the financial report of the company, its net income for the first quarter decreased by 15.3% (by UAH 219.35 million), to UAH 1.216 billion, gross profit by 32.1% (by UAH 288.714 million), to UAH 610.042 million.
As reported, in January-March 2018 Ukrenergo increased transmission of electricity through trunk networks by 0.5% (145.197 million kWh) compared to the same period last year, to 30.224 billion kWh. At the same time, the cost of the company’s transfer services for the three months decreased by 18.8% (UAH 251.344 million), to UAH 1.087 billion.
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the unified energy system of the country. It is a state enterprise subordinated to the Ministry of Energy and Coal Industry.
Enterprises and organizations in Ukraine in January-March 2018 received profit from ordinary activities before taxation in the amount of UAH 132.875 billion, while in January-March 2017 the figure was UAH 102.615 billion, according to the State Statistics Service.
According to the service, in the first quarter of 2018 profitable Ukrainian enterprises received UAH 177.491 billion of profit, which is 13% more than in the same period in 2017.
At the same time, 31.4% of enterprises posted a negative financial result. Their losses in January-March of this year decreased by 18% compared to January-March last year, to UAH 44.617 billion.
Vodafone Ukraine, the mobile communications operator, saw UAH 2.9 billion of revenue in January-March 2018, which is 2.1% more than a year ago.
According to a financial report of the operator published on Wednesday, net profit in Q1 2018 fell by 30.75%, to UAH 367 million.
Operating income before depreciation and amortization (OIBDA) grew by 17.6% year-over-year, to UAH 1.5 billion.
OIBDA margin reached 52.8%, a rise by 7 percentage points (p.p.) year-over-year.
Net profit in Q1 2018 totaled UAH 367 million, which is UAH 163 million less than a year ago. The main reasons for the reduction of profit were the increase in amortization expenses and devaluation of long-term assets in eastern Ukraine.
Subscribers’ revenue in Q1 2018 grew mainly thanks to organic growth of revenue from data transfer. In the period, Vodafone Ukraine increased revenue from data transfer 1.5-fold.
The subscribers’ base reached 20.7 million clients in Q1 2018. The number of data users grew by 1.2 million in a year.
Early 2018 Vodafone Ukraine significantly increased investment in infrastructure – UAH 1.2 billion in Q1 2018, including the cost of 4G licenses, investment in development of 3G and 4G networks.
Today high-speed 4G Internet is provided in 25 cities of Ukraine. Over 1 million clients of Vodafone Ukraine used 4G mobile Internet. 3G coverage is available for over 80% of residents of Ukraine in over 10,000 cities and towns.
Vodafone Ukraine is the second largest mobile communications operator in the country which serviced 20.8 million subscribers as of late 2017.
Myronivsky Hliboproduct (MHP) in the first quarter of 2018 received $90 million of net profit, which is 1.6 times more than for the same period in 2017.
According to the holding report on the website of the London Stock Exchange (LSE), its revenue increased by 10%, to $306 million, export revenue was $162 million (53% of the total revenue).
Operating profit decreased by 16%, to $62 million, EBITDA by 4%, to $89 million, gross profit by 6%, to $81 million compared to January-March 2017.
As reported, MHP sold 135,307 tonnes of poultry in January-March 2018, which is 9% more than in the same period of 2017. Export sales of the agricultural holding increased by 28% in the first quarter, to 63,140 tonnes, while the volume of sales in the domestic market fell by 4%, to 72,160 tonnes.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grain, sunflower oil, and meat.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
Private joint-stock company Otis (Kyiv) plans to send all net profit for 2017 to pay dividends – UAH 18.835 million or UAH 27.98 per share.
The company reported that the issue will be discussed at an extraordinary general meeting of its shareholders scheduled for June 4, 2018.
ОТІS Investments L.L.C. (Wilmington, Delaware, the United States) would receive UAH 18.411 million and Liftovyk Society LLC – UAH 424,056.
In 2017, Otis cut net profit by 63% in 2017, to UAH 18.834 million and revenue fell by 35.8%, to UAH 477.87 million.
Milkiland, a dairy group with assets in Ukraine, Russia and Poland, saw a 2.1-fold rise in net profit in January-March 2018 year-over-year, to EUR 2.38 million.
According to a report of the group on the website of the Warsaw Stock Exchange (WSE), revenue in Q1 2018 fell by 18.5%, to EUR 30.1 million, and gross profit – by 22.6%, to EUR 5.28 million.
In January-March 2018, the group saw EUR 74,000 of operating loss compared with EUR 3.61 million of operating profit a year ago.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 34.8% year-over-year, to EUR 1.58 million. EBITDA margin fell by 2 percentage points, to 5%.
The Russian market generated 67% of the group’s revenue or EUR 20.12 million, which is 19.8% less than a year ago. The Ukrainian market’s share was 25% of total revenue, a rise by 12.6%, to EUR 6.88 million. Poland occupied 8% of total revenue, a rise by 23%, to EUR 2.26 million.
Whole-milk dairy was the largest segment in terms of revenue and business segments EBITDA providing for c. 60% of revenue – EUR 18.19 million or 16% less year-over-year, cheese & butter segment contributed approximately 27% to the group’s total revenue – EUR 8.22 million (14% down). In ingredients segment, revenue declined 36% year-over-year to EUR 3.7 million depressed by unfavorable international global market conjuncture. It contributed c. 12% to the group’s total revenue.
