According to the results of 2020, Ukrenergo’s loss amounted to almost UAH 27.5 billion against UAH 1.86 billion profit a year earlier. This is evidenced by a report in the information disclosure system of the NSSMC.
According to him, last year the company’s net income increased 2.2 times (by UAH 31.9 billion) to UAH 58.250 billion.
Gross loss for the year amounted to almost 25 billion against 6 billion UAH of gross profit in 2019.
The company previously explained the losses by its special obligations to cover the “green” tariff before the State Enterprise Guaranteed Buyer.
German airline Lufthansa made its first flight to Lviv on April 30, after a one-year break. 79 passengers arrived in Lviv, which is almost 100% of the aircraft load.
It is reported that in the first month the airline will fly three times a week, and in June the number of flights will increase to six per week. Ticket prices start from 100 euros one way.
Lufthansa Group General Director for Sales in Ukraine Rene Koinzak said that the airline could increase the frequency in June to 10 flights a week. However, these additional flights are not yet reflected in the airline’s reservation system.
We are happy about this, because Frankfurt Airport is the largest hub for Lufthansa transfers. Through Frankfurt, tourists and businessmen will be able to make transfers anywhere in the world,” commented Tetyana Romanovska, General Director of Lviv Airport.
Another Lufthansa Group airline, Austrian Airlines, is currently flying to Lviv. It operates flights from Vienna.
Centerenergo has paid more than 475 million hryvnias to the mines since the beginning of the month and has no debts, according to the company’s website.
As you know, Centerenergo – the only consumer of coal from state-owned mines, buys almost the entire volume of their production under direct contracts.
“However, the current purchase price of coal – UAH 1,650 / t – does not allow PJSC Centerenergo to reach the level of profitability. PJSC Centerenergo is forced to compete with private heat generation companies, which allow their own mines to produce at a competitive cost,” the statement said.
In this regard, Centerenergo proposes to create a vertically integrated company by merging Centerenergo with promising state-owned mines and attracting sufficient investment for their modernization.
It is noted that such a model will make Centerenergo attractive to potential investors in the future privatization, as well as create opportunities for miners, timely payment of wages and solving social problems of mining teams.
A working group has been formed on the basis of Centerenergo to study the possibility of creating a vertically integrated company.
Naftogaz announced a return to the practice of manual management of state-owned enterprises after the Cabinet’s decision to dismiss the head of the NAC Andriy Kobolev and the company’s supervisory board. The board of Naftogaz announced this on Wednesday, April 28.
The company claims that the government’s decision is a legal manipulation.
“The dismissal of the supervisory board for two days in order to make a decision on the dismissal of the chairman of the board is an insult to the basic principles of corporate governance of state-owned enterprises,” the statement said.
Naftogaz noted that, in accordance with the company’s charter and the Law on Joint Stock Companies, proposals to the general meeting to appoint or dismiss the chairman of the board together with the relevant decision of the supervisory board belong to the exclusive competence of the supervisory board and cannot be transferred to the general meeting.
“Such actions of the Cabinet of Ministers are a signal to all state-owned enterprises: work in the interests of the budget and the people of Ukraine, and not in the interests of individual political forces, will be punished. In addition, this is a clear signal to investors in securities of Ukrainian issuers: the working conditions of state-owned enterprises in Ukraine are unpredictable and may change depending on political expediency, “the NAC said.
In 2020, the state gas company Ukrgazvydobuvannya reduced its net profit by 3.8 times, or 14.1 billion hryvnias to 4.95 billion hryvnias compared to 2019, according to the company’s website.
“Although last year due to the situation on the gas market, economic crisis and pandemic, our capital investments decreased almost one and a half times – to 16.6 billion UAH, we were able to meet the targets for gas production, almost keeping them at the level of the previous year,” – stated the General Director of Ukrgazvydobuvannya Olena Kobets.
Ukrgazvydobuvannya ended last year in a pandemic and economic downturn with a net profit of 4.95 billion hryvnias, operating profit amounted to 7.3 billion hryvnias.
The company added that this year will continue to invest in stabilizing gas production in the “old” fields, which are already depleted by 70-80%. At the same time, Ukrgazvydobuvannya will simultaneously study and develop new gas fields.
We will add that NJSC Naftogaz of Ukraine owns all shares of Ukrgazvydobuvannya.
Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source.
Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion.
According to the publication, Deutsche Bank, BNP Paribas, Goldman Sachs International and JP Morgan organized the deal.
UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement.
It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 million in 2019.
At the same time, the airline’s long-term liabilities decreased by 28.3% (to UAH 7.4 billion), current – increased by 15.3% (to UAH 13.2 billion).