The largest state-owned chemical enterprises in Ukraine received a USD 0.33 billion net profit

  • The largest state-owned chemical enterprises in Ukraine received a USD 0.33 billion net profit
  • The largest state-owned chemical enterprises in Ukraine received a USD 0.33 billion net profit

HMOs completed in 2011 with a net profit 336.1 million UAH

 
Photo by Taras Ilkiva / of Korrespondent.net

 

Odessa port plant completed in 2011 with a net profit of Rs 336.133 million against Rs 87.169 million net loss in 2010, reported in the Reporter.biz IG TASK.

It is reported that net income for the year HMOs increased by 55.96% (1 billion UAH 966.31 million) — up to 5 billion 480 million USD, gross profit — 4.01 times (538,002,000 USD) — up to 716 654 000 UAH.

In 2011, the IPF has demonstrated a significant increase in net profit compared to a loss in 2010, experts state.

"A significant impact on the financial performance of the plant has a prime location and proximity to major transit point of liquid nitrogen fertilizers, as well as higher prices for nitrogen fertilizers since the beginning of last year, more than 20%, due to increased demand for nitrogen fertilizers in the world markets," — said in the analytical department of the IG TASK.

Odessa port plant 90% of production is exported, the report said, noting that in 2011, HMOs increased its production of ammonia by 3.4%, urea — 0.91%.

Improved financial performance can be seen as a preliminary step to prepare the plant for privatization, this also shows the approved financial plan of the factory in 2012, which provides for the net profit by the 490 million USD, which is too high level, given the unresolved issue of gas prices "- the experts, and concludes that a key contender for the state stake in the plant is Dmitry Firtash.

The Reporter.biz

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