Draft financial plan of Turboatom foresees 5% rise in net profit in 2019
The governmental economic committee has approved the draft financial plan of Turboatom for 2019, which provides for the increase in net profit of the company by almost 5% compared to 2018, to UAH 798 million, Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov has said.
"In 2019 Turboatom should increase net income by more than UAH 183 million, which is 7% more than in 2018, while the share of export products should be 37.6%," he wrote on his Facebook page.
According to him, the cost of sales is expected to increase by 7% due to an increase in spending on raw materials and basic materials, while the increase in administrative expenses by 28% is planned primarily due to an increase in labor costs.
Turboatom is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The geography of the company's supplies covers 45 countries in Europe, Asia, America, and Africa.
Advertising
Advertising
MORE ABOUT
URCS, SPF sign cooperation memo
16:38, 25.01.2024
Rada may appoint head of Rivne regional administration Koval as head of State Property Fund – Arakhamia
09:54, 08.11.2023
SPF initiates sale of state share in Ocean Plaza mall via large-scale privatization
10:18, 06.10.2023
Ukrainian sovereign wealth fund can unite 76-77 strategic companies – SPF head
15:06, 27.09.2023
Russian sanctioned assets in Ukraine will be sold at auctions despite difficulties - SPF
18:20, 10.08.2023
LATEST
USA to allocate over $190 mln to support Ukraine's energy sector over five years
20:22, 08.05.2024
Shmyhal orders to approve restoration schedules for energy facilities, reinforce their defense before next heating season
18:56, 08.05.2024
Ukrenergo will limit industrial consumers, businesses from 18:00 to 23:00, emergency shutdowns for public possible
17:42, 08.05.2024
Naftogaz Group receives UAH 23.1 bln net profit in 2023 against UAH 79.1 bln loss in 2022
12:52, 07.05.2024
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director