Govt approves Sea Ports Authority's fiscal plan with UAH 3.3 bln net profit

15:26, 20.12.2017 1 min read

The Cabinet of Ministers of Ukraine at a meeting on December 20 approved the financial plan of state enterprise Ukrainian Sea Ports Authority with a planned net profit of UAH 3.3 billion.

According to the text of the financial plan, the company's net income in 2018 is planned at UAH 8.36 billion.

Gross profit is planned at UAH 4.553 billion, EBITDA at UAH 4.282 billion, profitability of EBITDA at 51.2%.

Capital investments for 2018 are planned in the amount of UAH 4.266 billion.

The Ukrainian Sea Ports Authority is a state enterprise that oversees the operation of 13 seaports in the territory of Ukraine. The enterprise was founded in 2013. It owns strategic objects of port infrastructure, which include seaport water areas, hydraulic structures, berths and public infrastructure such as access roads and engineering networks.