Business news from Ukraine

KYIV RIVER PORT’S INCREASES NET PROFIT 5.3 TIMES

JSC Kyiv River Port increased its net profit by 5.34 times in 2019 compared to 2018, to UAH 37.989 million.
This data is contained on the agenda of a meeting of shareholders scheduled for April 28, the materials of which are released in the information disclosure system of the National Securities and Stock Market Commission.
Net worth of the company is UAH 37.299 million and charter capital is UAH 17.25 million.
Total receivables increased by 34.1%, to UAH 33.353 million for the year.
The company’s assets as of December 31, 2019 increased by 26.4%, to UAH 106.566 million (UAH 84.328 million in 2018).
Kyiv River Port has more than 1,500 meters of cargo berths equipped with modern handling facilities. The port is equipped with hydraulic structures, special devices for parking, handling and navigational services of the fleet, coastal facilities, repair shops.

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KHMELNYTSKOBLENERGO DOUBLES NET PROFIT

PJSC Khmelnytskoblenergo, according to preliminary data, doubled its net profit (by UAH 42.9 million) in 2019 compared to 2018, to UAH 85.711 million.
According to the statement on the website of Khmelnytskoblenergo on Thursday, Mach 26, about holding a general meeting of the company’s shareholders scheduled for April 30, 2020, its assets grew by 2.26%, to UAH 2.507 billion, fixed assets by 4.7%, to UAH 2.150 billion in 2019.
The meeting’s agenda contains four scenarios for the distribution of the company’s profits: it is proposed to pay 30%, 50%, 75% or 90% of these funds in dividends. The remaining funds should be allocated to replenishment of the company’s reserve capital (5%), replenishment of the fund for the company’s technical re-equipment or to the implementation of the expenses stipulated by the 2020 financial plan, depending on the amount of dividends.
The shareholders will also have to consider, in particular, the issue of granting consent to the alienation of the company’s share of 100% in the charter capital of Khmelnytskenergozbut LLC by selling at auction in ProZorro.Sale system.
The shareholders also intend to update the supervisory board and the audit committee, to amend the charter and to elect an external auditor of the company.

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VOLODYMYR-VOLYNSKY POULTRY FACTORY SEES NET PROFIT RISE BY 5.8 TIMES

PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, received UAH 131.65 million in net profit in 2019, which is 5.8 times more than in 2018.
According to a company report on the annual meeting of shareholders scheduled for April 28, its assets decreased by 2.8% over the year, to UAH 1.55 billion.
Retained earnings increased by 5.8 times, to UAH 131.65 million, total debtor indebtedness by 35.2%, to UAH 254.25 million.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise, is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing feed.

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BORSCHAHIVSKY CHEMICAL PHARMACEUTICAL PLANT INCREASES NET PROFIT BY 123% IN 2019

PJSC Borschahivsky Chemical Pharmaceutical Plant (Kyiv) increased its net profit 123.77% in 2019 compared to UAH 194.137 million in 2018.
According to the agenda of the shareholders’ annual meeting scheduled for April 22 in the information disclosure system of the National Securities and Stock Market Commission, the total receivables of the company amounted to UAH 327.414 million.
The company’s assets increased by 7.78%, to UAH 1.925 billion, net worth by 11.7%, to UAH 1.62 billion for the year.
According to the results of 2018, the plant reduced its net profit by 16.96%, compared to UAH 86.758 million in 2017.
PJSC Borschahivsky Chemical Pharmaceutical Plant is among the top 20 largest pharmaceutical manufacturers in Ukraine. It is a member of the Association of Manufacturers of Medications of Ukraine (AMMU).

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KHARKIV TRACTOR PLANT ENDS 2019 WITH PROFIT

According to preliminary data, JSC Kharkiv Tractor Plant, belonged to DCH Group of businessman Oleksandr Yaroslavsky, completed 2019 with a net profit of UAH 71.8 million, whereas the loss was UAH 81.4 million in 2018.
According to information on the agenda of the shareholders’ general meeting on April 23, the uncovered loss amounted to UAH 582.76 million by the beginning of 2019 (UAH 654.06 million in 2018).
The draft decision of the meeting provides for directing the net profit received in 2019 to replenish working assets, not to pay dividends.
According to the plant, in 2019, its current liabilities decreased 6.8%, to UAH 1.374 billion, long-term ones increased 45%, to UAH 266 million.
The total receivables as of January 1, 2020 amounted to UAH 155.4 million (UAH 96.71 million in 2019), total assets were UAH 1.280 billion (1.262 billion).
The plant’s equity capital has a negative value of UAH 362.75 million, charter capital was UAH 4.35 million by the beginning of 2020.
According to the plant’s website, it produced 585 units of equipment in 2019 (12% more than in 2018) and sold 638 units (16% more). The plant’s revenue increased by 22%, to almost UAH 800 million.
To date, the plant has about 1,100 employees; the average salary is UAH 10,000 (UAH 7,800 by the beginning of 2019).
Kharkiv Tractor Plant, founded in 1930, currently produces dozens of models of tractors and special-purpose equipment designed for work in agriculture, public utilities and construction areas. The main product range is represented by small tractors with a capacity of 35 hp, as well as large wheeled and tracked tractors with a capacity of 150-280 hp.

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AGROMINO SEES EUR 2.7 MLN OF NET PROFIT IN 2019

The Danish agricultural company Agromino with assets in Ukraine, the Russian Federation and Estonia saw EUR 2.66 million in net profit in 2019 compared with EUR 9.55 million of net loss in 2018.
According to a company report on its website, total revenue in 2019 grew by 40.9%, to EUR 35.62 million.
Agromino in 2019 saw EUR 9.9 million of earnings before interest, taxes, depreciation and amortization (EBITDA) compared with EBITDA loss of EUR 7.6 million in 2018.
“A significant change in net loss in 12m 2019 in comparison with 12m 2018 was due to absence of currency translation losses from disposal of subsidiaries (EUR 10 million loss in 12m 2018),” the company said.
Consolidated assets as of late 2019 amounted to EUR 113.57 million (EUR 46.56 million by late 2018).
Total storage capacity increased to 121,000 tonnes due to setting up new elevator capacities in the group (85,000 tonnes as of 31 December 2018). Total land under control as at December 31, 2019 was 55,500 hectares (47,000 hectares at December 31, 2018). The increase was due to acquisition of Resilient a.s.
The company said that crop harvest in 2019 completed with satisfactory results, mainly due to 31% increase in average net yield to 3.54 t/ha (2.70 t/ha in 2018). Combined harvest of the group including Resilient has reached 198,000 tonnes brutto Agromino itself harvested 156,000 brutto tonnes compared to 124,000 brutto tonnes in 2018.
Wheat on 18,900 ha and oilseed rape on 4,900 0 ha as of December 31, 2019 are in reasonable condition.

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