Business news from Ukraine

KYIV-BASED LAVINA MALL GETS UAH 169 MLN NET LOSSES IN Q2

Lavina Mall LLC (Kyiv), the owner of Kyiv-based Lavina Mall located at 6, Berkovetska Street, saw UAH 169.1 million in net loss in April-June 2020 compared with UAH 92.6 million of profit a year ago. The company reported in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, that in Q2 2020 its revenue fell by 28% year-over-year, to UAH 301.4 million.
In the second quarter compared with the first one, the company’s net loss decreased 18.3%, revenue increased 40%.
Gross profit decreased 5.7% and amounted to UAH 184.1 million, while operating loss amounted to UAH 21.9 million compared with profit in the second quarter of last year.
The uncovered loss of Lavina Mall LLC increased 2.3-fold, to UAH 296.7 million. Noncurrent liabilities increased slightly to UAH 1.637 billion, current grew by 17.8%, to UAH 2.316 billion.
The company’s assets in the second quarter increased 5% and amounted to UAH 4.4 billion.
Lavina Mall LLC was founded in 2013. The main activity is the leasing and operation of own and rented property.

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KYIV-BASED LAVINA MALL SEES UAH 184 MLN OF NET PROFIT IN H1

Kyiv-based Lavina Mall LLC, the owner of the Lavina Mall shopping and entertainment center, in January-June 2018 saw UAH 184.2 million of net profit compared with net loss of UAH 83 million a year ago. According to a company’s report, net revenue grew 2.3-fold, to UAH 316.7 million.
Gross profit quintupled, to UAH 196 million, and the company saw a 3.7-fold rise in operating profit, to UAH 256.7 million.
Uncovered loss in H1 2018 fell by 47%, to UAH 164.8 million.
Total bills receivable over the period grew by 31%, to UAH 671 million.
Noncurrent liabilities grew by 5%, to UAH 1..73 billion, and current liabilities fell by 17%, to UAH 833.8 million.
Lavina Mall was opened early December 2016.
Developer of Lavina Mall was Megaline (Kyiv).

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LAVINA MALL IN KYIV POSTS UAH 120 MLN OF NET PROFIT IN Q1

Lavina Mall LLC (Kyiv), the owner of Lavina Mall in Kyiv, posted UAH 119.9 million of net profit in January-March 2018 compared with net loss of UAH 114 million year-over-year.
According to a financial report of the company in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue grew 2.6-fold, to UAH 154.9 million.
Gross profit soared 11-fold, reaching UAH 98.4 million, and operating profit – 19-fold, to UAH 154.9 million.
Uncovered loss in Q1 2018 fell by 34%, to UAH 229 million.
Total bills receivable over the period rose by 6.8%, to UAH 546.8 million.
Non-current liabilities increased 5%, to UAH 1.72 billion, and current liabilities decreased 18%, to UAH 820 million.
Lavina Mall was opened early December 2016.
Megaline LLC (Kyiv) was the developer of the mall.
Lavina Mall LLC was founded in 2013. Its core business is leasing and operation of own and leased property.
According to the unified public register of companies, the only participant of Lavina Mall LLC as of April 2018 was Iksoria Business Limited (Nicosia, Cyprus). The ultimate beneficiary is Toms Per Andres (Sweden), while as of Q3 2017 Vagif Aliyev was the ultimate beneficiary.

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