Govt approves Yuzhny port's financial plan for 2018 with net profit of UAH 468 mln

12:15, 18.01.2018 1 min read

The Cabinet of Ministers of Ukraine has approved a financial plan of state-owned enterprise Yuzhny maritime merchandise port (Odesa region) with the target for net profit of UAH 468 million.

The resolution was approved by the government at a Wednesday meeting.

According to the document, a copy of which has been sent to Interfax-Ukraine, the target for net revenue for 2018 is UAH 1.9 billion and projected gross profit is UAH 880.3 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) is set at UAH 744.12 million and EBITDA margin – 39%.

The enterprise seeks to pay UAH 768 million of taxes and duties in 2018.

Capital investment is projected in the amount of UAH 810.6 million. Cost-effectiveness is expected to be 24.5%.