11:23 14.12.2016

Ukrspyrt could see UAH 46 mln of net profit in 2016

2 min read
Ukrspyrt could see UAH 46 mln of net profit in 2016

State-run enterprise Ukrspyrt expects to see UAH 46 million of net profit in 2016 compared to net loss of UAH 13.89 million in 2015.

"The official figure for 2015 is the loss of around UAH 14 million. It is the official report submitted to the State Fiscal Service. We want to have around UAH 46 million of net profit this year," Ukrspyrt acting director and deputy director Oleh Drozhzhin said at a press conference in Kyiv on Tuesday.

He said that BDO company audited the company's reports for 2014-2015. The company said that the report for 2015 should be revised.

Currently 18 operating production facilities are subordinated to Ukrspyrt. In January-November 2016 they exported 250,000 decaliters of potable spirit and made 7.26 million decaliters of spirit.

"The total capacity of Ukrspyrt's enterprises is around 31 million decaliters. Today the market needs 7.5 million decaliters," he said.

He said that production of industrial spirit should be started in order to launch other production sites of Ukrspyrt.

"We will initiate the revoking of the excise duty on industrial spirit used for production of bioethanol and in chemical industry: for production of vinegar and perfume," Drozhzhin said.

Now top managers of Ukrspyrt cannot enter two distilleries: Pidhachynsky (Ivano-Frankivsk region) and Marylivsky (Ternopil region).

"We do not have control over them," he said.

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