KYIV. Feb 18 (Interfax-Ukraine) – Top 100 largest state-run companies saw net profit of UAH 2.2 billion in January-September 2015 compared to loss of UAH 66.5 billion a year ago, the Economic Development and Trade Ministry of Ukraine reported on its website on Wednesday.
“Net profit indicators grew in all sectors, apart from coal production and engineering,” the ministry said.
The ministry said that the key factor that increased the figure was the improvement of financial results of national joint-stock company Naftogaz Ukrainy thanks to a rise of the tariffs for households as part of the switch to the market prices of natural gas. This allowed the company to post UAH 200 million of profit in January-September 2015 compared to loss of UAH 60.2 billion a year ago.
National Nuclear Generating Company Energoatom showed the best pace in increasing profit – UAH 1.3 billion of profit compared to UAH 3.8 billion of loss a year ago.
Leaders in their sectors in the pace of profit growth was Ukrenergo (UAH 408 million of net profit compared to net loss of UAH 477 million), Turboatom (UAH 1.3 billion of net profit from UAH 800 million of net profit), Ukrainian Sea Port Authority (net profit grew from UAH 1.2 billion to UAH 3.5 billion), Agrarian Fund (net profit rose from UAH 466 million to UAH 706 million), and Odesa Port-Side Plant (net profit of UAH 205 million compared to net loss of UAH 243 million).
As of September 30, 2015, total net asset value of state-owned enterprises was UAH 926 billion, which is almost 45% up from a year ago.
Total debt liabilities grew by 26.7%, reaching UAH 145 billion. Total ratio between debt liabilities and equity capital of top 100 largest companies fell from 36% to 24%.
