Business news from Ukraine

Business news from Ukraine

Arsenal Insurance will pay UAH 50 million in dividends for 2021 and 2022

Shareholders of Arsenal Insurance (Kyiv) decided at a meeting on May 7 to allocate UAH 34.705 million of undistributed profits for 2021 and UAH 15.395 million for 2022 to dividend payments, the company reported in the information disclosure system (NSSMC).

As stated in the report, the dividend per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them from May 29 to June 27, 2025.

Insurance Company Arsenal Insurance is the successor to Insurance Company Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.

According to the NBU, the company is one of the top ten insurers in Ukraine in terms of premiums collected for the first nine months of 2024.

 

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“Galka” will pay UAH 4.5 mln in dividends despite decline in profits

In 2024, coffee producer Galka PrJSC (Lviv) reduced its profit by 7.5% to UAH 2.7 million compared to 2023.

According to the decision of the shareholders’ meeting published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), it was decided to pay dividends in the amount of UAH 4,497,204, which is UAH 12.85 per ordinary registered share.

The Management Board was obliged to compile a list of persons entitled to receive dividends by April 23, 2025, and to pay dividends directly to shareholders within six months from the date of the general meeting’s decision to pay dividends by transferring them to shareholders’ bank accounts or, at their request, at the company’s cash desk.

“Pay the entire amount of dividends in full. To notify the persons entitled to receive dividends of the date, amount, procedure and term of their payment by posting a relevant notice on the company’s website,” the minutes of the general meeting read.

According to the Opendatabot service, in 2024, Galka slightly increased its revenue to UAH 5.274 million, which actually corresponds to the pre-war level of UAH 5.29 million in 2021. Debt obligations increased by 20.2% to UAH 504.2 thousand, while assets decreased by 6.6% to UAH 24.11 million.

Galka PrJSC was established in 1994 on the basis of a Lviv coffee factory that started its operations in 1932 as the Lviv Cooperative Factory of Coffee Additives “Suspilny Promyshl”. Since its inception, the company has specialized in the production of chicory and malt coffee “Luna”, as well as Prajin coffee substitutes. In 1971, the company installed Niro Atomizer equipment for the production of instant coffee, which Lviv Coffee Factory began exporting. The capacity of the Ukrainian-English manufacturer Galka is currently 120 thousand packs of coffee per day.

The major shareholders are Yaroslav Volynets (8.9%) and Lydia and Andriy Volynets (6.9% each), Natalia, Olga and Yuriy Dubovy (7.7% each), Roman and Volodymyr Pasternak (7.1% and 7.6%), Iryna Popovych (7.1%), and Galka Holding LLC (19.39%).

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Ukrainian banks’ profits more than doubled in January-February

The profits of Ukrainian banks in January-February 2023 amounted to 21.5 billion UAH, which is 2.2 times more than during the same period in 2022 (9.9 billion UAH), the press service of the National Bank of Ukraine (NBU) said on Tuesday.
The regulator noted that bank revenues for the two months increased by 33% to 65.8 billion UAH, and expenses – by 12%, to 44.3 billion UAH.
At the same time, the fee and commission income increased twofold, to 15.582 billion UAH.
The result of revaluation and purchase and sale operations increased 2.4 times up to UAH 4.649 billion against UAH 1.9 billion during the same period last year.
At the same time, deductions to the reserves decreased 2.3 times, to UAH 2.517 billion, and commission expenses went down by 11.9%, to UAH 7.5 billion.
As reported, the Ukrainian banks in 2022, net profit reduced by 3.1 times – to 24.716 billion UAH compared with 77.376 billion UAH in 2021.

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Verkhnedniprovsk casting-mechanical plant almost tripled its profits in 2021

Verkhnedniprovsk casting and mechanical plant PJSC (Dnipropetrovsk oblast) increased its net profit by 2.9 times in 2021 in comparison with the previous year – up to UAH 5.823 mln.
According to the company announcement in the information disclosure system of the National Securities and Stock Market Commission on the remote annual meeting of shareholders on December 20, the undistributed profits of the company at the end of last year reached 105,4 thousand UAH.
The shareholders intend to summarize the company’s results in 2021, approve the report and approve significant deals of the company.
Verkhnedniprovskiy Casting and Mechanical Plant PJSC was founded in 1898 and is one of the largest Ukrainian producers of alloys and non-ferrous metals products. Current capacity of stamped and die-cast shops exceeds 100 tons of finished products per month. Availability of all necessary infrastructure and vertical integration of the enterprise allow the plant to implement large customized projects for manufacturing enterprises not only in Ukraine, but also in Europe, Asia and America.
According to the NDU, as of the fourth quarter of 2021, a physical person Andrey Cherniy owns 50% of shares in PrJSC, another physical person Anastasia Fedorova – 49.4187%.
The authorized capital of PrJSC is 2 279,5 thousand UAH, the nominal value of one share is 1,05 UAH.
Source: https://vlmz.com/

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Ukrainian banks’ profits reach UAH 7.4bn

Ukrainian banks’ profits in January-September 2022 amounted to 7.4 billion UAH, which is 6.9 times less than in the same period last year (51.4 billion UAH), the press service of the National Bank of Ukraine (NBU) said on Monday.
According to the report, losses of Ukrainian banks in September amounted to 1 billion UAH, while August’s profit amounted to 5.05 billion UAH.
The regulator noted that banks’ revenues in September increased by 13.3%, while expenses increased by 13.1%.
According to the regulator, banks’ income for nine months of this year increased by 30.8% against the same period last year – up to 255.08 billion UAH. At the same time, the fee and commission income decreased by 16% – to UAH 59.8 billion (whereas over the same period last year it increased by 28%).
At that the result from revaluation and purchase and sale operations was positive and made UAH 37.1 billion, while over the same period of previous year it was negative and made UAH 2.4 billion.
At the same time expenses of banking system in January-September 2022 increased by 72.5% compared with this index in 2021 – up to 247.7 billion UAH, including deductions to reserves – 12.9 times, up to 99 billion UAH. At the same time, the commission expenses increased by 2% up to UAH 25 billion,
As reported, the Ukrainian banks in 2021 doubled the net profit – up to 77.5 billion UAH, compared with 41.3 billion UAH in 2020.

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CREDIT DNIPRO BANK PROFIT RAISES UP BY 13.6 TIMES

The net profit of Credit Dnipro Bank (Kyiv) amounted to UAH 561 million in 2021, which is 13.6 times more than in the same period of 2020 (UAH 41.41 million), according to the bank’s website on Thursday.
According to the report, net interest income increased 1.9 times over the year compared to the corresponding period of 2020, to UAH 804 million, net fee and commission income – 1.5 times, to UAH 173 million.
As of January 1, 2022, the bank’s assets amount to UAH 20.4 billion, which is 59% more than at the beginning of last year.
“This asset growth was due to both a growth of a resource base and an increase in capital at the expense of net profit,” the report says.
Credit Dnipro Bank was founded in 1993. On July 30, the National Bank of Ukraine (NBU) agreed on the direct acquisition by Oleksandr Yaroslavsky of 100% of a charter capital of the financial institution.
According to the data of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, Credit Dnipro Bank ranked 29th (UAH 23.565 billion) among 71 operating banks.

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