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$536mn a year ago.
9.2.7 TMT corporate news
Ukraine’s fixed line telecoms operator Ukrtelecom saw its net income fall by 2% in 2020, to UAH6.214bn ($222mn), the company's CEO Yuriy Kurmaz said at a press conference in Kyiv on February 26 reports Interfax Ukraine. At the same time, EBITDA increased by 4.8%, to UAH1.698bn, and EBITDA margin by 1.8 percentage points, to 27.3% compared to the operator's audited statements for 2019. The company's capital investments decreased by 0.5%, to UAH688mn. "There is a net profit, and we expect it to be solid," Kurmaz said adding that he final result would not be released until the full accounts were ready after an audit. Ukrtelecom is the largest fixed-line operator in Ukraine. It is the sole founder and participant of TriMob LLC – a mobile operator of 3G/UMTS standard.
Millions of Ukrainians signed up in the first year of the government’s Diya mobile app for digital services. As a result, the number of partner agencies and companies is expected to increase 10-fold this year, to 1,000, reported the Digital Transformation Ministry. Under the ‘State in the Smartphone’ program, users can store: a child's birth certificate, a certificate of an internally displaced person, a digital tax number, digital internal and foreign passports, driver's license, registration certificate and car insurance. Users can pay traffic fines. Last month, almost half amn Ukrainians applied for one-time, 8,000-hryvnia quarantine relief payments.
Riding the e-commerce boom, Nova Poshta has launched a €14mn sorting centre in Kyiv that can sort up to 50,000 packages an hour. Captured in a video, the sorting centre is a maze of belts, chutes and conveyors. The machinery was supplied by Vanderlande, a Dutch logistics automation company.
9.2.9 Utilities corporate news
DTEK is tripling its coal imports this month to 450,000 tons, Maxim Timchenko, CEO of DTEK, Ukraine’s largest private power producer, told reporters yesterday. In addition to importing about 150,000 tons a month from Russia, DTEK will import coal from Poland and Kazakhstan. Timchenko said: “DTEK is producing as much coal as possible, and we are producing as much electricity as possible.”
11 DTEK plants were temporarily closed for emergency repairs, reports Ukrenergo, the state electricity distribution company. During the first week of February, sub-freezing temperatures pushed electricity usage to the highest level in six years, Andriy Gerus, chairman of the Rada Energy Committee said on his telegram channel. Timchenko said yesterday that his capital-starved company has not had the money to do regular maintenance on 50-year-old Soviet plants. He said: “If we do not have the money, we can’t pay for maintenance and repairs.”
Ukraine’s leading coal and power holding DTEK Energy generated UAH47.24bn net revenue in 2020, according to its abridged financial report released March 1.
61 UKRAINE Country Report March 2021 www.intellinews.com
