Business news from Ukraine

RAIFFEISEN BANK IN UKRAINE PLANS SEND UAH 4.274 BLN TO PAY DIVIDENDS

Raiffeisen Bank Aval (Kyiv) plans to send UAH 4.274 billion (90% of profit) to pay dividends to holders of ordinary shares based on the results of the financial institution’s work in 2019, while in the past year it accrued UAH 3.561 billion, and a year earlier UAH 4.244 billion.
According to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission, the relevant issue was included in the agenda of a general remote meeting of shareholders scheduled for September 11.
It is indicated that out of UAH 4.749 billion of net profit for 2019, the bank plans to send UAH 700,000 (0.01%) to pay dividends to holders of preferred shares and UAH 474.1 million (9.98%) to the reserve fund.
Dividends, if approved, will amount to 6.95 kopecks per share, while at present they are quoted on the Ukrainian Exchange at the following rate: purchase at 35.36 kopecks, sale at 35.5 kopecks.
According to the agenda, the shareholders will also consider the appointment of Lukasz Januszewski as head of the supervisory board of Raiffeisen Bank International (RBI), responsible for investment banking and trade, instead of Martin Grull, and Thomas Matejka as a member of the supervisory board instead of Harald Kroeger.

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VOLODYMYR-VOLYNSKY POULTRY FACTORY TO PAY UAH 40 MLN IN DIVIDENDS

PrJSC Volodymyr-Volynsky Poultry Factory (Volyn region), one of the largest poultry producers in Ukraine, intends to approve the payment of UAH 40 million in dividends for 2019.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders scheduled for April 28, the remaining part of retained earnings is to be fully used for the development of the company.
As reported, Volodymyr-Volynsky Poultry Farm in 2019 received UAH 131.65 million in net profit, which is 5.8 times more than in 2018. Revenue increased by 10%, to UAH 1.85 billion.
Last year, the company produced 55,250 tonnes of poultry for UAH 1.58 billion. The sales amounted to 49,250 tonnes for UAH 1.78 billion. Exports in total sales accounted for 2.62%.
Volodymyr-Volynsky Poultry Factory is a Ukrainian-Dutch enterprise, one of the five largest producers of chicken in Ukraine, occupying about 6% of the market.

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ARCELORMITTAL TO CHANNEL UAH 11 BLN FROM ARCELORMITTAL KRYVYI RIH’S PROFIT INTO DIVIDENDS

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) whose major shareholder is the largest steel producer, ArcelorMittal, will channel UAH 10.845 billion into payment of dividends, which will be UAH 2.81 per ordinary registered share.
This decision was taken by shareholders of PJSC ArcelorMittal Kryvyi Rih at an extraordinary general meeting on October 10, the company’s press service said.
The procedure and timing for the payment of the dividends will later be determined by the enterprise’s supervisory board. After that, the funds will be transferred to shareholders. At the same time, it is specified that, according to the Law on Joint-Stock Companies, dividends must be paid within six months from the date of the decision by a meeting of shareholders.
The press service recalls that the last time dividends were paid for 2007, before the 2008-2009 crisis. After that, ArcelorMittal use funds to modernize production and carry out large-scale investment projects. The current dividend payment will not affect the implementation of the investment program. In the next five years, $1.8 billion will be invested in the development of production. Of the amount, about $300-350 million is to be invested in the construction of a pelletizing factory. It will produce pellets that will partially replace sinter as raw materials for blast furnaces. Therefore, the enterprise will be able to close two worn sinter plants and thereby reduce emissions by 50–55%, according to the press service.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. Its staples are long products, in particular, reinforcing bars and wire rods.
ArcelorMittal owns the largest mining and metallurgical plant ArcelorMittal Kryvyi Rih in Ukraine and a number of small companies, in particular PJSC ArcelorMittal Beryslav.

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UKRTRANSNAFTA PAYS UAH 1.463 BLN OF DIVIDENDS TO NAFTOGAZ

JSC Ukrtransnafta has transferred 100% of its net profit in the amount of UAH 1.463 billion for 2018 in dividends to Naftogaz Ukrainy.
The press service of the company said last year the company also sent 100% of its net profit for 2017 in the amount of UAH 2.139 billion to pay dividends.
As reported, Ukrtransnafta in 2018 reduced its net profit by 31.6% (by UAH 676.454 million) compared to 2017, to UAH 1.463 billion. Net sales income rose by 2.3%, to UAH 3.873 billion, while gross profit decreased by 21.2%, to UAH 1.452 billion.
In 2018, Ukrtransnafta transported 15.436 million tonnes of oil, including 13.335 million tonnes in transit to European refineries, 1.344 million tonnes of domestic oil and 680,500 tonnes of imported oil to the refineries of Ukraine.
Ukrtransnafta, 100% managed by NJSC Naftogaz Ukrainy, is the operator of the oil transportation system of Ukraine.

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MHP TO PAY DIVIDENDS FOR 2018

The Board of Directors of Myronivsky Hliboproduct (MHP) on March 19, 2019 approved the payment of annual dividends in the amount of $0.7492 per share for 2018, which is equal to approximately $80 million and the same as paid last year.
According to a company report on the website of the London Stock Exchange on Wednesday, the announcement will be published in a due course.
As reported, net profit of MHP in 2018 fell by 44.3% compared with 2017, to $128 million.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.

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KOBLEVO TO PAY UAH 80 MLN IN DIVIDENDS FOR 2015-2017

PJSC Koblevo (Mykolaiv region), one of the largest wineries in Ukraine, intends to pay UAH 80 million in dividends for 2015-2017.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the relevant issue was put on the agenda of an extraordinary general meeting of the company’s shareholders scheduled for September 27, 2018.
According to the draft decision on dividend payment, UAH 7.389 million will be paid for 2015, some UAH 68.103 million for 2016, and UAH 4.508 million for 2017.
Payment can be made from October 17, 2018 to March 26, 2019.
Koblevo is part of Bayadera Group, established in 1991. Its owners are Natalia Bondareva and Sviatoslav Nechytailo.
The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic drinks in Ukraine and Belarus, and is an exclusive importer of the world alcohol brands in Ukraine.
The main trademarks are Hlibny Dar, Kozatska Rada, Persha Gildiya, Celsius, Koblevo, Marengo, and others.

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