KYIV. March 4 (Interfax-Ukraine) – The Sea Port Authority of Ukraine saw an 80% rise in revenue in 2015, to UAH 8.074 billion.
Sea Port Authority Head Andriy Amelin said at a press conference on Thursday that revenue also grew thanks to the exchange rate difference.
He said that the authority’s profit was UAH 3.847 billion. He did not present the comparative data.
Amelin said that capital investment of the authority last year were only UAH 421 million. It is linked to a delay in the adoption of the authority’s financial plan – only in October.
According to a report on the operation of 100 largest state-run enterprises of Ukraine for the period of January-September 2015 posted on the website of the Economic Development and Trade Ministry of Ukraine, Sea Port Authority of Ukraine saw UAH 4.9 billion of net revenue in January-September 2015, which is 80% up year-over-year. The authority saw a rise of 2.8 times in net profit over the period, to UAH 3.4 billion, and net cost-effectiveness grew to 67.9%, while a year ago it was 44%.
The financial plan for 2016 sets revenue of UAH 7.929 billion and net profit of UAH 3.06 billion.
Sea Port Authority of Ukraine is a state-run enterprise that supervises the functioning of 13 seaports in Ukraine. The enterprise was founded in 2013. It owns port infrastructure facilities. 80% of revenue is denominated in the U.S. dollars, while the hryvnias in its expenses prevails.
