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with delays. During the first three quarters of last year, Ukrposhta delivered more than 20mn parcels from China. Ukrainian orders through AliExpress grew by 70%, making Ukraine the second fastest growing market for the Chinese online merchandiser. Last year, Ukraine became one of top 10 markets in the world for AliExpress.
Mobile operator Intertelecom buys 4G license for over $7.4mn. ​The company will be the fourth carrier in Ukraine allowed to provide the high-speed mobile internet, or 4G, after Ukraine’s giants Kyivstar, Vodafone Ukraine and lifecell. Intertelecom now has a month to pay the money, Liga.Tech reports. The licence will work until 2030 and will allow the carrier to provide 4G across the whole country.
Odesa-based Intertelecom is buying a 4G license for over $7.4mn​, becoming Ukraine’s fourth carrier to provide the high-speed mobile internet. Valid for a decade, the license will allow the company to provide 4G across Ukraine.
9.2.9 ​Utilities corporate news
Ukraine’s leading coal and power holding​ ​DTEK​ Energy generated UAH76.83bn in net revenue in 2019, or 15% less y/y​, according to its preliminary accounts released on February 5. Its operating profit plunged 85% y/y to UAH1.77bn, while net profit declined 47% y/y to UAH2.55bn. DTEK Energy’s cash flow from operations before working capital changes was UAH16.28bn in 2019, which is 38% less y/y. Its net debt decreased 14% y/y to UAH44.99bn.
Ukraine’s Cabinet has appointed a new top manager for power generation company Centrenergo (CEEN UK) and three state-controlled power distribution companies, ​PM Oleksiy Honcharuk reported on February 26. He added that details on the new appointments would be available on the Cabinet’s website. ​ ​Meanwhile, on February 27, ​strana.ua​ news site reported that a new Centrenergo top manager was not able to get into the company’s office. The entrance has been blocked, presumably, by people connected to Igor Kolomoisky, who used to control the previous company management, strana.ua​reported citing a source in the State Property Fund.
9.2.11 ​Metallurgy & mining corporate news
● Metinvest
EBITDA at Ukraine’s largest steelmaker​ ​Metinvest​ dropped to negative $2mn in November ​from positive $20mn in October, according to its monthly results published on February 7. The holding’s revenue lost 13.0% m/m to $693mn. Metinvest’s operating cash flow before working capital changes plunged to negative $3mn in November from positive $25mn in October, whereas cash flow from operations (before profit tax and interest) dropped 47.6% m/m to $43mn. The holding’s cash outflow from investment activities inched up 1.6% m/m to $65mn. Metinvest’s outflow from financing activities amounted to $30mn and its end-of-month cash balance decreased 24.2% m/m to $353mn. Its gross debt inched up $14mn m/m to $2,971mn. Metinvest’s metallurgical segment EBITDA was $-36mn in November, sliding further into the red from $-27mn in October, while its mining segment EBITDA dropped
63​ UKRAINE Country Report​ March 2020 ​ ​www.intellinews.com