KYIV. Nov 20 (Interfax-Ukraine) – The net profit of PJSC Turboatom (Kharkiv), more than 75% of which belongs to the state, in 2018 should be more than UAH 763 million, while output should grow by 6%, according to a press release of the State Property Fund of Ukraine, with reference to its head Vitaliy Trubarov.
The corresponding figures are stipulated in the company’s financial plan for 2018, approved by the government committee. The fiscal plan also provides for the share of exports of 37% and a 10% increase in administrative expenses, which should be used for raising wages.
As reported, in 2017 the net profit of PJSC Turboatom was UAH 1.165 billion.
According to Trubarov, Turboatom is to be put up for privatization next year, and now the Cabinet of Ministers is determining the share to be sold.
“The state owns 75.2% of the company’s shares. The government will determine what stake will be offered to investors – either it will be a controlling stake, a full package or partial, but the fund counts on the privatization of Turboatom,” Trubarov said.
