Ukrnafta saw net profit rise by 17.7 times (UAH 1.190 billion) in January-March 2018 compared to the same period last year, to UAH 1.261 billion. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income for the first quarter of this year increased by 25.9%, to UAH 8.268 billion, gross profit by 49.6%, to UAH 4.819 billion.
As reported, Ukrnafta in 2017 reduced production of oil with gas condensate by 9.2% (139,000 tonnes) compared to 2016, to 1.379 million tonnes, gas by 14.8% (193 million cubic meters), to 1.108 billion cubic meters, production of liquefied gas by 13.4% (18,000 tonnes), to 116,000 tonnes.
Naftogaz Ukrainy owns a 50% plus one share stake in Ukrnafta, the former shareholders of PrivatBank (Kyiv) hold about 42% of the shares.
PJSC Ukrzaliznytsia received UAH 271 million of net profit in January-March 2018, which is 20 times more than in the first quarter of 2017, acting chairman of the company Yevhen Kravtsov has said, when presenting the report of the company’s work for the first quarter of 2018 at a government meeting in Kyiv.
“For the first quarter of 2018, all the main financial and economic indicators of Ukrzaliznytsia were fulfilled and overfulfilled in accordance with the financial plan. In terms of net profit, in the first quarter we received UAH 271 million of net profit, which is 20 times more than in the first quarter of 2017 and 2.5 times more than for the entire 2017. Revenues grew by almost 20%, by UAH 2.5 billion. Capital investments were 20% overfulfilled. Capital investments in the first quarter were three times more than in the first quarter of 2017,” he said.
According to Kravtsov, in the first quarter Ukrzaliznytsia paid UAH 1 billion more taxes than for the same period of 2017.
He also said that 62% of capital investments were used for rolling stock renewal, another 13% for the program of priority capital projects in infrastructure. In January-March 2018 more than 3,000 wagons were repaired, including 1,230 purchased and newly built and 1,892 overhauled cars.
In general, according to Kravtsov, over the first quarter more than 12% of the Ukrzaliznytsia car fleet was updated. Also, the number of freight locomotives was increased by 25 units, while 29 passenger carriages underwent capital modernization.
The Cabinet of Ministers of Ukraine has approved the adjusted financial plan of Ukrenergo for 2018 with a net profit of UAH 2.554 billion against UAH 3.296 billion previously set in the document. The relevant decision was made by the government at a meeting on April 25.
The net sales income of Ukrenergo in 2018 is now planned at UAH 7.877 billion, whereas the previous wording of the financial plan foresaw UAH 7.331 billion of income. The planned gross profit is UAH 5.108 billion, whereas before the adjustment the document it included a figure of UAH 4.793 billion.
The updated financial plan of Ukrenergo provides for the transmission by the company’s networks of 113.5 billion kWh of electricity in 2018, while previously it was planned to transfer 115 billion kWh. As reported, Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise, it is subordinate to the Ministry of Energy and Coal Industry.
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.
