Business news from Ukraine

PLANNED NET PROFIT OF ILLICHIVSK PORT IN 2015 WILL AMOUNT TO NEARLY UAH 500 MLN

1 September , 2015  

KYIV. Sept 1 (Interfax-Ukraine) – The financial plan of Illichivsk maritime merchant port (Odesa region) in 2015 predicts a net profit of UAH 487.705 million.

According to the plan, which has been posted on the website of the Infrastructure Ministry, the forward-looking indicators foresee a net profit of the company in 2016 in the amount of UAH 478 million, UAH 374.8 million in 2017, UAH 346.9 million in 2018, and UAH 366 million in 2019.

The port’s net income in 2015, according to the plan, will stand at UAH 1.631 billion, UAH 1.599 billion in 2016, UAH 1.199 billion in 2017, UAH 1.079 billion in 2018, and UAH 1.025 billion in 2019.

The EBITDA in 2015 will amount to UAH 679.8 million, UAH 695.3 million in 2016, UAH 546.5 million in 2017, UAH 499.2 million in 2018, and UAH 504.8 million in 2019.

The EBITDA margin will come to 42% in 2015, 43% in 2016, 46% in 2017-2018, and 49% in 2019.

In 2015, the port, according to the financial plan, will pay various fees and contributions to the state in the amount of UAH 783.6 million, UAH 597.7 million in 2016, UAH 529 million in 2017, UAH 481.9 million in 2018, and UAH 479.2 million in 2019.

Capital investment of the port in 2015 is assumed to total UAH 264.2 million, UAH 566 million in 2016, UAH 149 million in 2017, UAH 115 million in 2018, and UAH 115 million in 2019.