Business news from Ukraine

YUZHNY PORT TO OBTAIN UAH 2.3 BLN INCOME, UAH 854 MLN NET PROFIT IN 2016 – FISCAL PLAN

15 March , 2016  

KYIV. March 15 (Interfax-Ukraine) – Yuzhny seaport (Odesa region), the largest port of Ukraine in terms of transshipment, intends in 2016 to reach EBITDA in the amount of UAH 1.195 billion, as well as to receive UAH 2.295 billion of income and, accordingly, UAH 854.4 million of net profit.

Such data are contained in an explanatory note to the financial plan of the enterprise, the text of which has been posted Infrastructure Ministry of Ukraine’s website..

The note says the calculation of the fiscal plan foresees the hryvnia to USD exchange rate of UAH 24.1 per $1.

Among the planned investment projects are the construction of a 110/10kV Yuzhny port substation (UAH 112 million), production and storm water treatment facilities (UAH 122.3 million), a specialized complex for bulk cargo (UAH 36 million). There are also plans to modernize and reconstruct gantry cranes (UAH 27.2 million), a coal-mining complex (UAH 13.4 million), engineering networks and facilities (UAH 12.3 million), railroad facilities (UAH 10 million), power supply networks and electrical equipment (UAH 50.5 million). The plan also provides for the purchase of lifting equipment (UAH 293.8 million).