Business news from Ukraine

ODESA PORT-SIDE CHEMICAL PLANT SEES 2.8-FOLD RISE IN NET PROFIT IN Q2 2016

26 July , 2016  

KYIV. July 26 (Interfax-Ukraine) – Public joint-stock company Odesa Port-Side Chemical Plant (OPCP) saw a 2.8-fold rise in net profit in April-June 2016 year-over-year, amounting to UAH 174.712 million.

The company has said in a report, its net sales revenue decreased by 43.6% or UAH 1.122 billion, to UAH 1.454 billion, and gross profit – by 76.8% or UAH 318.485 million, to UAH 94.969 million.

In January-June 2016, the plant saw UAH 243.937 million in net loss compared to UAH 151.953 million of net profit year-over-year. Net revenue in H1 2016 fell by 45.3% or UAH 2.628 billion, to UAH 3.172 billion and gross profit – by 81.5% or UAH 869.117 million, to UAH 194.904 million.

State-owned OPCP produces chemical products and transships ammonia to vessels.