Date: 3 months ago   Category: Economy

OPZ has finished the first half of the year with net profit in 246,8 million UAH


OPZ has finished the first half of the year with net profit in 246,8 million UAH
PJSC Odessa Port Plant (OPP) in the first half of the year 2018 has got net profit of 246,79 million UAH whereas the first half of the year 2017 has finished with net loss 108,18 million UAH

According to information of OPZ which since 2017 has passed to work on the tolling scheme, his revenue was reduced by 2,3% - to 723,92 million UAH, gross profit - for 7,7%, to 120,68 million UAH

At the same time thanks to growth of other operating income by 94,3% - to 590,17 million UAH - OPZ for January-June-2018 has got operating profit of 296,18 million UAH instead of 18,66 million UAH of an operating loss for January-June-2017.

According to balance, the current accounts payable according to long-term obligations for goods, works and services on the middle of this year made 7,15 billion UAH in comparison with 7,54 billion UAH for the beginning of year at the cost of fixed assets of 3,67 billion of UAH and the general balance sheet total of 5,33 billion UAH
of
of OPZ, being in state ownership, turn out chemical products and also are engaged in transfer of ammonia on the marine transport.

Ukraine twice in 2016 offered OPZ for sale: at first in July at the starting price of 13,175 billion UAH, then in December at the reduced price of 5,16 billion UAH, however both times without results. The lack of interest in OPZ, in particular, is connected with his debt over $250 million to Dmitry Firtash's structures.

the State property fund of Ukraine plans to announce a competition with openness of the offer of the price by the principle of an auction for sale of 99,567% of stocks OPZ until the end of the year what it has attracted as the adviser consortium to led by Pericles Global Advisory which part White & Case LLP, Kinstellar, KPMG Ukraine and SARS Capital were.

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