Ukraine: Ferrexpo income down in 2022

In 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021. The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses. EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million). Capital investments fell to…

Ukraine: pipe output down in 2022

In 2022, enterprises of Ukrtruboprom decreased pipes manufacture by 37.9% YoY, to 449.7 thousand tons. All the companies showed a negative dynamics last year. Thus, Interpipe Niko Tube decreased output by 31.1%, Trubostal – by 61.6%, Centravis – by 38.3%, Interpipe NMTZ – by 67.1% and Oscar – by 20%. Only Ukrtruboisol was able to…

Ukraine: Odescable posts losses in 2022

In 2022, Odescable received 27.24 million UAH of losses, as opposed to a net profit of 55.4 million UAH in 2021. Undistributed profit totaled 148.27 million UAH, down by 15.3%. The company assets decreased insignificantly, to 1.36 billion UAH. Current liabilities remained almost on the previous year level, totaling 868.2 million UAH, while fixed liabilities…