Authorization

Ukrainian SPA saw UAH 1.078 billion of net profit in Q1 2016

Ukrainian SPA saw UAH 1.078 billion of net profit in Q1 2016Ukrainian Sea Port Authority state enterprise saw UAH 1.078 billion of net profit in January through March 2016, Authority Head Andriy Amelin said at a meeting at the Infrastructure Ministry on Friday.
He said that net revenue over the period totaled UAH 1.791 billion.

The enterprise in Q1 2016 used UAH 149 of capital investment.

Read also: Ukrainian Cabinet gave UAH 1.1 bln for 220 regional projects

Sea Port Authority of Ukraine is a state-run enterprise that supervises the functioning of 13 seaports in Ukraine. The enterprise was founded in 2013. It owns port infrastructure facilities. 80% of revenue is denominated in the U.S. dollars, while the hryvnias in its expenses prevails.
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