REUTERS
In addition, US$330,611 in dividends of the private joint-stock companies whose 100% stakes were included in Ukrzaliznytsia's charter capital was channeled into the national budget.
Ukrainian state-owned railway operator Ukrzaliznytsia (Ukrainian Railways) says the company in 2018 will pay UAH 100.1 million (US$3.9 million) in dividends to the national budget, which is three times up from the figure posted in 2017.
Read alsoUkrzaliznytsia issues eurobonds worth US$500 mln – Kravtsov
Ukrzaliznytsia CEO Yevhen Kravtsov says the said indicator accounts for 30% of the company's net profit in 2018.
"According to the company's results in 2018, we were able to significantly increase both capital investment and contributions to the national budget. The year was key to prove in practice the ability to work with high efficiency. The company now has a five-year strategy approved, highly qualified supervisory board, and management. Therefore, we have all the prerequisites for the implementation of the strategy plan and the improvement of performance indicators. This is where we concentrate all our efforts," the company's press service quoted of Kravtsov as saying on July 5.
In addition, UAH 8.5 million, or US$330,611 in dividends of the private joint-stock companies whose 100% stakes were included in Ukrzaliznytsia's charter capital was channeled into the national budget.
As UNIAN reported earlier, Ukrzaliznytsia in 2018 increased allocations to budgets of all levels and state trust funds by 16.6% to UAH 20.4 billion, or US$793 million, from UAH 17.5 billion, or US$681 million, in 2017.
In June 2018, the Cabinet of Ministers reduced the amount of dividend payments to the national budget for Ukrzaliznytsia to 30% from 75% of net profit received in 2017.