Business news from Ukraine

Business news from Ukraine

ODESA PORT-SIDE CHEMICAL PLANT POSTS UAH 152 MLN NET PROFIT IN H1, 2015

28 July , 2015  

KYIV. July 28 (Interfax-Ukraine) – PJSC Odesa port-side chemical plant in January-June 2015 saw a net profit of UAH 151.953 million against UAH 116.806 million in net loss in the same period last year.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income in the first half of the year increased two-fold, to UAH 5.801 billion, gross profit amounted to UAH 1.055 billion, whereas in January-June 2014 the company posted a gross loss of UAH 16.764 million.

In January-June 2015, the plant increased production of mineral fertilizers by 11.8% compared to the first half of 2014, to 803,000 tonnes, their sales – by 6.2%, to 784,000 tonnes.

As reported, in 2014 the plant reduced its net loss by 4.2 times, to UAH 270.473 million, while increasing net income by 10.7%, to UAH 5.428 billion.

Production of mineral fertilizers in 2014 amounted to 1.172 million tonnes, their sales – 1.186 million tonnes.

State-owned Odesa port-side chemical plant is engaged in the production of chemical goods, as well as ammonia transshipment by sea. The government recently announced it plans to privatize the plant in 2015 and hopes to receive at least $600 million for the company.