Business news from Ukraine

ODESA PORT IN JULY POSTS PROFIT FOR FIRST TIME SINCE YEAR START

4 August , 2021  

Odesa seaport in July received a positive financial result from economic activities at the level of UAH 1.3 million.
According to the press service of the Ministry of Infrastructure, the reasons for the company’s profitability are the introduction of a balanced tariff policy, attracting new customers, reducing the company’s expenses and modernizing equipment.
The department notes that the previous periods were unprofitable for the company. In particular, a loss of UAH 9.4 million was recorded in June. Over the past six months, the total loss of the enterprise amounted to UAH 29 million.
“For the first time in the past six months, Odesa port will profit from its activities. The indicator for June in the amount of UAH 4 million is the largest since July last year. The successful result was demonstrated despite the fact that, in general, July was the month with the lowest number of ship calls since the beginning of 2021,” the ministry said.
In January-June 2021, Odesa seaport handled 10.402 million tonnes of cargo, which is 13.6% less than in the same period in 2020. In 2020, the seaport handled 23.37 million tonnes of cargo, which is 7.8% less than in 2019.

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