The Cabinet of Ministers of Ukraine on Wednesday, approved the financial plan of state enterprise “Odessa commercial sea port” in 2017 with expected net profit of $ 260,6 mln UAH, which is 14% less than the actual figure in 2016.

According to the financial plan, which is available to news Agency “Interfax-Ukraine”, the net income from production sales for 2017 is 471,7 million, which is 10.5% less than the actual figure in 2016.

EBITDA in 2017 it is planned to provide at the level of UAH 253 million, EBITDA is expected at 53.6%, a 28.3 percentage points less than in the financial plan for 2016.

The volume of capital investment in 2017 is expected to reach 124 million UAH, with their complete absence in 2016.

On payment of obligatory payments to the state budget provided UAH 404 million .

Odessa port is located in the South-Western part of Odessa Bay on the artificially created territory of 109,5 hectares area

In the port are served by vessels up to 270 m and draught up to 13 m. the Total length of berthing line is more than 8 km.