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Payment of dividends to state rised 3.2 times in 2016 - Ukrainian SPF

Payment of dividends to state rised 3.2 times in 2016 - Ukrainian SPFPayment of dividends to the state in 2016 for operations in 2015 reached UAH 1.243 billion, and this is 3.2 times up year-over-year (UAH 384 million), Ukraine's State Property Fund (SPF) reported on Tuesday.

The largest payers of dividends to the state are Turboatom, Odesa Port-Side Plant, Zaporizhia Titanium and Magnesium Combine, Khmelnytskoblenergo, Kharkivoblenergo, Centrenergo, Sumyoblenergo, Zaporizhiaoblenergo, President Hotel, Cherkasyoblenergo, the fund said.

As of April 1, 2016, the register of state-owned corporate rights included 541 companies, including 419 joint-stock companies, 91 limited liability companies and 31 national joint-stock or state-run holding companies. The state shares in 270 of them exceeded 50%, including 100% in 152 companies, and in 139 – from 25% to 50%.

The fund and its regional divisions manage 342 facilities with state-owned corporate rights, including 134 where the state-owned shares exceed 50%.
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