Ukraine’s major railcar-building enterprise Dneprovagonmash JSC (DVM, Kamenskoye, Dnepropetrovsk region), controlled by businessman Serhiy Tihipko’s TAS financial and industrial group, ended the first half of 2023 with a net profit of UAH 57.85 million against a loss of almost UAH 25 million in the same period last year.
According to the company’s interim financial statements released on Wednesday in the SECP disclosure system, its net income from sales increased by 17.2% to UAH 578 million.
In January-June, the company increased its gross profit 3.6 times to UAH 80.72 million, generating UAH 58.68 million in operating profit against a loss of UAH 20.04 million.
Compared to the beginning of this year, DVM reduced current liabilities by 12.4% to UAH 261.38 mln, while long-term liabilities increased by 13.6% to UAH 59.84 mln.
The report does not provide the number of cars produced and sold during the reporting period.
Among the price risks for the company, the report notes the risk of higher prices for components, materials and energy (material costs account for 80-90% of the cost of production), and lower prices for railcars.
As reported, in the first quarter of this year DVM received a net profit of UAH 37.04 million against a loss of UAH 18.07 million for January-March 2022, with net income growing by 32% to UAH 396.92 million.
Thus, in the second quarter of 2023, the company’s net profit amounted to UAH 20.81 million compared to a loss of UAH 6.93 million in April-June 2022, with net income falling by 5.9% to UAH 181.09 million.
“Dneprovagonmash” is one of Ukraine’s leading enterprises in the design and manufacture of freight cars. Annual production capacity is 9 thousand units.
As reported, an extraordinary meeting of shareholders of DVM on July 25 decided to transform it into TAS Dneprovagonmash LLC.
DVM’s net income for 2022 increased by 77.3% to UAH 1 billion 108.7 million, net profit amounted to UAH 48.64 million against a loss of UAH 111.3 million a year earlier. At the same time, railcar sales grew by 35% to 623 units, while production grew by 21% to 577 units.
TAS Group was founded in 1998 by businessman Tigipko. Its business interests include financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate and venture projects.
Universal Bank’s (mono) net profit for January-June 2023 amounted to UAH 1 billion 564.7 billion, which is almost 6.3 times higher than the same period in 2022, according to the bank’s unconsolidated half-year report.
According to the report, in particular, in the second quarter of this year, the bank posted a net profit of UAH 740.65 million, which is almost 2.1 times better than in the second quarter of last year.
It is noted that the net interest income of Universal Bank for the first half of this year increased by 62.6% to UAH 5 billion 517.0 billion, in particular, in the second quarter the growth was 89.6% to UAH 2 billion 763.5 million.
Net commission loss in January-June this year was 2.9 times higher than the loss in January-June 2022, amounting to UAH 611.1 million, in particular, in April-June – by 40.3%, amounting to UAH 381.2 million.
A significant contribution to the improvement of the bank’s financial result was made by the reduction of impairment loss in the first half of this year to UAH 682.1 million, while in the same period last year this figure amounted to UAH 3 billion 753.6 million. According to the report, in the second quarter of this year, the loss on this item amounted to UAH 271.8 million against UAH 2 billion 531.4 million in the second quarter of last year.
Net profit from foreign exchange operations decreased in the first half of this year to UAH 1 billion 923.8 million from UAH 2 billion 395.0 million in the first half of last year, including UAH 806.99 million in the second quarter from UAH 2 billion 75.0 million.
The bank’s total profit for the first half of 2023 reached UAH 1 billion 846.6 million compared to UAH 201.2 million for the same period last year.
According to the report, in January-June this year, the bank’s assets increased by UAH 6.14 billion, reaching UAH 92.71 billion.
This growth is attributed to an increase in cash and balances with the NBU from UAH 19.72 billion to UAH 26.44 billion, loans and advances to customers from UAH 17.8 billion to UAH 22.02 billion, and amounts due to other banks from UAH 2.93 billion to UAH 4.14 billion.
At the same time, investments in securities decreased from UAH 34.35 billion to UAH 30.89 billion.
In the first half of 2023, Universal Bank’s customer accounts increased by 11.6% to UAH 77.43 billion, equity increased from UAH 9.20 billion to UAH 11.05 billion, while retained earnings decreased by 27.5% to UAH 1.56 billion.
Universal Bank was founded in January 1994, in 2016 it became a member of the financial and industrial group TAS owned by Sergey Tigipko, and in 2017 it became a participant. Universal Bank operates a virtual monobank that serves about 7.44 million customers.
According to the NBU, as of June 1, Universal was one of the ten largest banks in the country, ranking ninth among 65 operating Ukrainian banks in terms of total assets (UAH 100.24 billion). At the beginning of June, the bank’s network consisted of 13 branches. The average number of employees in the first half of 2023 was 2168, compared to 2216 as of the end of the reporting period on December 31, 2022.
Net profit of state-owned PrivatBank (Kyiv) for January-June 2023 amounted to UAH 29.75 billion, which is 4.7 times higher than in the same period of 2022, according to the unconsolidated semi-annual report of the bank.
According to it, in particular, in the second quarter of this year net profit reached UAH 13.7 billion, which is 5.3 times higher than the net profit for the second quarter of last year.
It is indicated that the net interest income of PrivatBank for the first half of the year increased by 81.4% to UAH 27.86 billion, including in the second quarter the growth amounted to 74.2% to UAH 14.09 billion.
Meanwhile, net fee and commission income in January-June this year increased by 41.3% to UAH 11.64 billion, including in the second quarter – by 43.65% to UAH 5.94 billion.
A significant contribution to the improvement of the bank’s financial result was made by a decrease in the loss from utility reduction in the first half of this year to UAH 769 million, while for the same period last year this indicator amounted to UAH 7.54 billion. According to the report, in the second quarter of this year, this item even generated UAH 51 million in profit against a loss of UAH 5.67 billion in the second quarter of last year.
PrivatBank also reports that its total profit for the first half of this year reached UAH 35.89 billion, which is 7.4 times higher than the figure for January-June last year, including a total profit of UAH 19.325 billion in the second quarter-2023 against UAH 4.85 billion in the same period of 2022.
According to the report, the bank’s assets grew by 5% in the first half of 2023, reaching UAH 568.84 billion by June 30.
This growth is explained by an increase in cash and funds with the NBU from UAH 96.4 billion to UAH 148.23 billion and loans and advances to customers from UAH 68.08 billion to UAH 76.53 billion, while investments in securities increased marginally from UAH 239.75 billion to UAH 240.64 billion, and debts of other banks decreased by 24.6% to UAH 78.3 billion.
PrivatBank’s customer funds increased from UAH 471.97 billion to UAH 488.06 billion in the first six months of 2023, while capital increased from UAH 57.79 billion to UAH 69.52 billion.
According to the National Bank of Ukraine as of June 1, 2023, PrivatBank is the leader in terms of total assets (UAH 742.433 billion) among 65 operating banks in the country.
According to the NBU, Privat closed 79 branches in the second quarter, reducing its network to 1,131 units across Ukraine, although its report said it had eight branches and 1,199 operating outlets at mid-year, just one less than at the beginning of the year.
Net profit of the state-owned PrivatBank (Kyiv) for January-June 2023 amounted to UAH 29.75 billion, which is 4.7 times higher than in the same period of 2022, according to the unconsolidated semi-annual report of the bank.
According to it, in particular, in the second quarter of this year net profit reached UAH 13.7 billion, which is 5.3 times higher than the net profit for the second quarter of last year.
It is indicated that the net interest income of PrivatBank for the first half of the year increased by 81.4% to UAH 27.86 billion, including in the second quarter the growth amounted to 74.2% to UAH 14.09 billion.
Meanwhile, net fee and commission income in January-June this year increased by 41.3% to UAH 11.64 billion, including in the second quarter – by 43.65% to UAH 5.94 billion.
A significant contribution to the improvement of the bank’s financial result was made by a decrease in the loss from utility reduction in the first half of this year to UAH 769 million, while for the same period last year this indicator amounted to UAH 7.54 billion. According to the report, in the second quarter of this year, this item even generated UAH 51 million in profit against a loss of UAH 5.67 billion in the second quarter of last year.
PrivatBank also reports that its total profit for the first half of this year reached UAH 35.89 billion, which is 7.4 times higher than the figure for January-June last year, including a total profit of UAH 19.325 billion in the second quarter-2023 against UAH 4.85 billion in the same period of 2022.
According to the report, the bank’s assets grew by 5% in the first half of 2023, reaching UAH 568.84 billion by June 30.
This growth is explained by an increase in cash and funds with the NBU from UAH 96.4 billion to UAH 148.23 billion and loans and advances to customers from UAH 68.08 billion to UAH 76.53 billion, while investments in securities increased marginally from UAH 239.75 billion to UAH 240.64 billion, and debts of other banks decreased by 24.6% to UAH 78.3 billion.
PrivatBank’s customer funds increased from UAH 471.97 billion to UAH 488.06 billion in the first six months of 2023, while capital increased from UAH 57.79 billion to UAH 69.52 billion.
According to the National Bank of Ukraine as of June 1, 2023, PrivatBank is the leader in terms of total assets (UAH 742.433 billion) among 65 operating banks in the country.
According to the NBU, Privat closed 79 branches in the second quarter, reducing its network to 1,131 units across Ukraine, although its report said it had eight branches and 1,199 operating outlets at mid-year, just one less than at the beginning of the year.
Net unconsolidated profit of Raiffeisen Bank (Kiev) for January-June this year amounted to UAH 3 billion 118.67 million, which is five times higher than in the same period of 2022, according to the unaudited report of the bank on its website.
According to it, in the second quarter of this year, the bank increased the financial result to the second quarter of last year by 39.6% – up to UAH 1 billion 57.54 million.
It is indicated that Raiffeisen Bank’s net interest income for January-June 2023 increased by 53.0% to UAH 7 billion 907.76 million, including in the second quarter – by 43.8% to UAH 3 billion 955.68 million.
As follows from the report, net commission income for the first six months of this year increased by 82.6% to UAH 1 billion 267.64 million, including in the second quarter – twice, to UAH 639.79 million.
At the same time, net profit from foreign currency transactions decreased by 12.8% to UAH 903.49 million in the first half of the year, while the loss from decreased utility increased by 7.9% to UAH 3 billion 127.34 million.
According to the report, in January-June this year, the bank’s assets grew by UAH 5.84 billion, or 3.5% – to UAH 172.10 billion.
Such growth is explained by a significant increase in investments in securities – from UAH 25.41 billion to UAH 34.17 billion, cash and funds with the NBU – from UAH 32.04 billion to UAH 38.15 billion and loans and advances to banks – from UAH 39.08 billion to UAH 42.26 billion.
At the same time, loans and advances to customers decreased from UAH 61.69 billion to UAH 50.25 billion.
Raiffeisen Bank’s customer funds for the first half of 2023 increased from UAH 143.61 billion to UAH 146.50 billion, while the bank’s capital increased from UAH 17.06 billion to UAH 20.17 billion, including retained earnings – from UAH 1.58 billion to UAH 3.14 billion.
In a press release on Tuesday, the bank added that its gross revenues for the first six months of 2023 grew by 48% to UAH 10.4 billion, the amount of taxes paid amounted to UAH 1.1 billion, and its portfolio of government bonds grew by almost UAH 10 billion.
“Raif’s lending dynamics reflect the existing demand for loans and the creditworthiness of customers. Since the beginning of 2023, the bank issued UAH 48.2 billion of new loans, of which UAH 32.6 billion – to industries that are critical for the country (agribusiness, retail, pharmaceuticals, fuel supplies)”, – indicated the financial institution, specifying that UAH 13.5 billion of loans were directed to agrarians.
It is noted that as of June 30, 2023, the bank formed UAH 14.6 billion of reserves, and the share of non-performing loans (NPL) amounted to 16.3% at the end of June.
It is also specified that the funds of corporate customers at the end of June 2023 amounted to 63.1 billion UAH and increased year-on-year by 14 billion UAH, or 29%, while the funds of retail customers increased by 11.2 billion UAH, or 16% – to 81.6 billion UAH.
As of the end of June 2023, the capital adequacy level of Raiffeisen Bank amounted to 25.38% with the minimum value of 10%, and the tier 1 capital adequacy level amounted to 19.03% with the minimum value of 7%.
Raiffeisen Bank JSC was registered in Ukraine in 1992 and is the largest bank with foreign capital in Ukraine, ranking 4th among 65 Ukrainian banks in terms of total assets at the beginning of June. Since October 2005, the bank became part of the Austrian banking group Raiffeisen Bank International AG. As of March 31, 2023, Raiffeisen Group owned 68.21% of the bank’s shares, while the European Bank for Reconstruction and Development owned 30%.
PJSC “Ukrainian Graphite” (“Ukrgraphite”, Zaporizhzhya) according to the results of work in January-June of the current year received net profit in the amount of UAH 83.556 mln, whereas it finished the same period of the last year with net loss of UAH 22.135 mln.
According to the company’s interim report, the company increased its income by 22.6% to UAH 938.909 mln in the first half of the year.
The company’s retained earnings at the end of the first half of this year amounted to UAH 3 billion 789.045 million.
As reported, “Ukrgrafit” in January-March-2023 increased net profit 42.9 times compared to the same period of the previous year – up to UAH 70.723 million, but reduced net income by 11% to UAH 437.326 million.
“Ukrgrafit” in 2022 reduced net income by 41.4% year-on-year to UAH 1 billion 545.562 million, received a net profit of UAH 52.584 million, while it ended 2021 with a net loss of UAH 317.539 million.
“Ukrgraphit” is Ukraine’s leading producer of graphitized electrodes for electric steelmaking, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, carbon-based lining materials for enterprises of metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) as of the fourth quarter of 2022, Intergraphite Holdings Company Limited (Bermuda) owns 23.9841% of PJSC, C6 Safe Group Limited (Cyprus) – 72.0394%.
Authorized capital of Private JSC is UAH 233.959 mln, nominal value of 1 share is UAH 3.35.
