Page 78 - UKRRptAug22

9.2 Major corporate news 9.2.1 Oil & gas corporate news
Naftogaz paid UAH 3.9bn of dividends to the state budget in June based on the results of 2021 performance. The company received net profit amounting to UAH 12bn that were 5.4 times more than planned indicators approved by the government as the company’s main shareholder.
“Naftogaz became profit-making in 2021, and that allows us to help Ukraine withstand in extremely arduous conditions of the war now, in 2022”, said the CEO Yuriy Vitrenko.
In March, the company paid UAH 2.3bn of dividends to the state budget that makes 95% of the amount of the net profit provided for in 2021 financial plan.
Normally, the company paid UAH 3.9bn of dividends to the state budget that makes 30% of net profit for 2021.
Following the decision of the Government, Naftogaz will use UAH 8.5bn (65% of the profit) for natural gas import to prepare for the upcoming heating season.
Yuriy Vitrenko stressed that thanks to the reforms in 2021, Naftogaz has the resource to be a donor to the state budget and accumulate costs to purchase gas for the next winter.
Last year, the company transferred UAH 116bn to the state budget that is by 12.6% more compared to 2020. Now, Naftogaz provides one third of tax revenues to the budget of Ukraine. For 5 months of the current year in arduous war-time conditions, the company has transferred UAH 47bn to the state budget (that is one third of tax revenues to the state treasury).
9.2.4 Construction & Real estate corporate news
Dragon Capital has rebuilt the first war-damaged warehouse. One of the buildings at the West Gate Logistic complex in the Kyiv region has been restored after it was destroyed during military operations, stated Dragon Capital. The surviving building, with an area of 7,700 square meters, was damaged during the war on the Zhytomyr highway in the Stoyanka area, and has now been restored and rented out. “Out of the total portfolio of warehouse real estate, three objects out of eleven were destroyed (116,000 out of 391,000 square meters), that is, 30%," said commercial director of Dragon Capital Property Management Dmytro Kalinichev. During hostilities, Ukraine's logistics real estate market was seriously affected. The Russian invaders destroyed about 23% of the entire inventory of commercial warehouses in the Kyiv region.
9.2.5 Retail corporate news
McDonald’s won't reopen in Ukraine in August, the company says. Despite earlier media reports that McDonald's may reopen its restaurants
78 UKRAINE Country Report XXXX 2018 www.intellinews.com