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2009 September 22   14:25

Net profit of Ukrainian commercial seaports up 3.2 times to $170 mln in Jan-Aug 09

In January-August 2009, commercial seaports of Ukraine increased net profit 3.21 times, year-on-year, to UAH 1.347 bln (some $170 mln). In the reported period, sales revenue increased by 58% to UAH 6.469 bln, Transport Business reports.

In particular, net profit of Odessa Commercial Sea Port totaled UAH 293.37 mln (+82.3%), sales revenue UAH 1.1 bln (+67.7%).

Net profit of Sea Commercial Port of Illichivsk – UAH 213.34 mln (up almost 6-fold), sales revenue – UAH 1.012 mln (+45%).

Net profit of Commercial Seaport Yuzhny (Odessa region) increased 4.13 times to UAH 396.73 mln, revenue – by 92.6% to UAH 1.654 bln.

Net profit of Mariupol commercial seaport (Donetsk region) increased 3-fold to UAH 230.49 mln, revenue – by 41.2% to UAH 887.61 mln.

The Ministry of Transport and Communications attributes the growth to a 44-pct increase of prices for handling operations according to the Ministry’s Decree N773 dated June 26, 2008 as well as to a 58-pct growth of port charges according to the Decree N772 dated June 26, 2008. Besides it was driven by the growth of dollar rate as the majority of charges is set in dollars.

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