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Ukrainian government approved a financial plan for the Odesa Portside Plant

05 Jan, 2022
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Ukrainian government approved a financial plan for the Odesa Portside Plant

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The Government of Ukraine, two days before the end of 2021, approved a financial plan for JSC Odesa Port-Side Plant, which assumes a net profit of UAH 106.995 million.


Relevant order of the Cabinet of Ministers No. 1781 (December 29) was published on its website on Friday, December 31.

The financial plan itself is absent in the publication, however, according to its explanatory note published on the government website, due to a loss of Odesa Port-Side Plant in the 2020 tax declaration in the amount of UAH 5.02 billion, dividends are not planned for 2021.

The explanatory note does not contain other details of the financial plan, but it says about the intention to receive an overpayment of income tax in the amount of UAH 320.6 million by the end of this year.

Odesa Port-Side Plant manufactures chemical products, and is also engaged in transshipment of chemical products to sea transport.

The company, owned by the State is an object of privatisation since a long time. The Ukrainian government promised to the IMF to sell Odesa Portside Plant by June 2021, but it did not achieved it, yet.


The Odessa Journal

The Odessa Journal

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