Press Archive

November 30, 2020

Kernel Posts Massive Profit of USD 204mn for Jul-Sept Quarter

Kernel’s net profit for the Jul-Sept quarter was absolutely massive and implies earnings per share of PLN 9.11, translating at the current PLN/USD exchange rate.

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November 16, 2020

Ukraine Headline Inflation Edges Up to 2.6% in October from 2.3% in September

In October alone there was inflation of 1.0% MoM on the back of 1.1% MoM increase in the aggregate food price index.

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October 11, 2020

Kernel Posts Full-Year EBITDA Increase of 28% YoY to USD 440mn

Kernel’s reported EBITDA for FY20 was 8% above our latest forecast, confirming further healthy growth of the company’s overall business.

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September 28, 2020

Ukrainian Industrial Decline at 5.3% YoY for August and 7.4% for 8M20

In other macroeconomic statistics, retail sales increased by a very impressive 8.7% YoY in August

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September 14, 2020

Ukraine Headline Inflation Stays Near All-Time Low at 2.5% in August

There was a traditional seasonal monthly deflation seen in both August and July due to lower prices for agricultural produce food staples.

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August 31, 2020

Industrial Output Down 4.2% YoY in July and 7.7% YoY for 7M20

It should be noted that Ukrainian industry is currently performing hardly any worse than it was before the start of the COVID crisis in March, as there were year-on-year declines in the 3-5% range during the November-February period.

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July 14, 2020

Ukraine Sees Deflation of 0.6% MoM in July; Headline CPI Stays at 2.4%

Rolling 12-month “headline” inflation stayed unchanged at 2.4% in July

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June 30, 2020

Ukraine Industrial Decline Slows to 12% YoY in May After 16% Drop in April

For 5M20, UkrStat’s industrial index is down by 8.7% YoY.

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May 05, 2020

Ukraine’s Public Debt at USD 80bn, Implying 54% Debt/GDP Ratio

The Finance Ministry reported that Ukraine’s overall public debt stood at USD 80.4bn as of Apr 1, decreasing in USD terms by 3.6% MoM

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April 14, 2020

March Inflation Comes in at 2.3% YoY, Not Yet Reflecting Quarantine Shock

On a month-on-month basis, the CPI rose by 0.8%, driven by cost increases for imported goods amid the hryvnia devaluation in the period.

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