Pivdenny seaport in January-March 2020 increased its net profit to UAH 221.316 million, which is 21.3 times more (UAH 210.949 million) compared to the same period in 2019.
According to a company press release, 90% of the company’s net profit was transferred to the state.
In total, in the first quarter of 2020, the state stevedore paid taxes of UAH 234.704 million, which is UAH 110.538 million more (89% more) compared with the first quarter of 2019.
“The situation in the world and Ukraine is difficult, and seaports are the key elements of the state’s economy. Pivdenny state stevedore rationally organizes its work and maintains the country’s budget. The record monthly and quarterly performance, the increased daily rate of unloading high-sided wagons and an increased number of processed vessels of the Capesize type – all this was achieved thanks to effective planning and competent coordination of cargo operations,” acting director of Pivdenny port Oleksandr Oliynyk said.
According to the release, in the first quarter of 2020 the port handled almost 4.6 million tonnes of cargo, which is the historic maximum of quarterly transshipment of the state stevedore. The record monthly transshipment was fixed in March at 1.777 million tonnes of cargo. The cargo range includes ore, coal, cast iron, grain and cereals, mineral fertilizers. The bulk was ore (83% of the total volume).
In January-March of this year, almost 3.4 million tonnes of exported cargo passed through the port (52% more from the volume for the same period last year), 3.8 million tonnes of ore were processed (up by 66%).
Positive dynamics is also observed in processing imported goods: the port accepted 688,200 tonnes of cargo (a two-fold increase).
