Business news from Ukraine

NET PROFIT OF BANK CREDIT DNEPR TOTALS UAH 40.251 MLN IN H1

Net profit of Bank Credit Dnepr (Kyiv) in January-June 2018 totaled UAH 40.251 million, the bank has said in a press release.
“The profit of Bank Credit Dnepr in April-June 2018 totaled UAH 157.175 million, and in H1 2018 the bank saw UAH 40.251 million in profit,” the bank said.
Net interest income in January-June 2018 grew by 33.2% year-over-year, to UAH 85.181 million. Net commission fee grew by 28%, to UAH 64.782 million.
Net worth in H1 2018 rose by 2.4%, to UAH 838.281 million. Assets totaled UAH 9.078 billion. Funds of clients accounted for UAH 8.183 billion.
Bank Credit Dnepr was founded in 1993. Its only owner is Victor Pinchuk.
The bank ranked 21st among 84 operating banks in the country as of June 1, 2018 in terms of total assets (UAH 9.439 billion), according to the National Bank of Ukraine.

, ,

REGAL PETROLEUM SEES $2.3 MLN NET PROFIT IN 2017

Regal Petroleum Plc with assets in Ukraine in 2017 saw a net profit of $2.29 million, while in 2016 its net loss was $1.26 million. According to a report by Regal posted on the website of the London Stock Exchange, its revenue in the past year increased by 36.6%, to $35.05 million.
Of this revenue, gas accounted for $24.94 million (a year earlier $16.53 million), condensate for $7.96 million ($5.7 million), and LPG for $2.16 million ($3.43 million).
Taking into account exchange rate differences, Regal’s total profit for 2017 was $1.04 million against the cumulative loss of $7.26 million for 2016.
The company said its operating cash flow in 2017 compared to 2016 grew by 80%, to $18 million, and the average gas price rose from $213 per 1,000 cubic meters to $241 per 1,000 cubic meters, condensate from $51 per barrel to $67 per barrel, LPG from $43 per barrel to $56 per barrel.
Regal notes at the end of 2017 the average daily production of hydrocarbons stood at 2,800 barrels of oil equivalent per day (boepd), which is about 65% more than at the end of 2016.
At the same time, the company’s capital investments last year fell to $4 million from $13.9 million a year earlier.

,