The Cabinet of Ministers approved the financial plan for USPA for 2024 with a profit of UAH 311 million

The company's net income is planned to be UAH 3.81 billion

The Cabinet of Ministers of Ukraine, by its Resolution No. 1048-r dated 10.11.2023, approved the financial plan for the State Enterprise Ukrainian Sea Ports Authority (USPA) for 2024 with a planned net profit of UAH 311 million. This is stated in the press release of the USPA.

According to the financial plan for the next year, the company expects to receive net income from the sale of products at the level of UAH 3.808 billion.

UAH 1.67 billion is planned to be allocated to the state budget of Ukraine and target funds. Capital investments for 2024 are planned at UAH 487 million.

The pre-war financial plan for USPA for 2022 envisaged a net profit of UAH 1.97 billion. The company’s net income from sales of products, goods and services for 2022 was planned at UAH 7.73 billion, and total income at UAH 7.94 billion.

As GMK Center reported earlier, sea ​​ports in January-October 2023, cargo transshipment increased by 13.2% compared to the same period in 2022 – up to 46.2 million tons. Port operators exceeded last year’s figure, despite the withdrawal of the Russian Federation from the grain agreement on July 17 and the attempts of the aggressor country to block sea ​​transportation

In 2022, Ukrainian seaports reduced cargo turnover by 61.4% compared to 2021 – up to 59 million tons. Export transshipment of cargo by port operators decreased by 59.5% y/y – to 47.8 million tons, and imported – by 74.2%, to 6.2 million tons.