State-controlled Ukrainian companies are rated (07/25/99)

State-controlled Ukrainian companies are rated

Eastern Economist

KYIV - With the assistance of PriceWaterhouseCoopers, the international audit company, Ukrayinska Investystiina Hazeta (Ukrainian Investment Newspaper) is selling its ratings of the 100 most successful Ukrainian companies for 1998. The ratings were compiled according to gross income, profits and export volumes denominated in U.S. dollars. According to the ratings, only 17 Ukrainian companies had gross income in 1998 of more than 1 billion hrv.

Topping the list is UkrGazProm, a company that no longer exists, with 15 billion hrv. Next is UkrTeleKom with 2.5 billion hrv, followed by KryvorizhStal at 2.3 billion hrv.

Companies with gross incomes ranging from 1 billion to 2 billion hrv include two Mariupol-based iron and steel works, Illich and AzovStal, UkrNafta, DonetskOblEnerho, DonbasEnerho, ZaporizhStal, DniproEnerho, TsentrEnerho, UkrTatNafta, Zaporizhia Atomic Energy Station, UkrSpyrt, KyivEnergo and Dniprovskyi Dzerzhynskyi Iron and Steel Works. Despite high levels of incomes, KryvorizhStal, DonetskOblEnerho, CentrEnerho and Dzerzhynskyi works finished 1998 with losses.

In terms of profits, UkrGazProm leads with 4.5 billion hrv. UkrTeleKom is second with 638 million hrv, followed by UkrNafta at 553.7 million hrv. The profit of Zaporizhia Atomic Energy Station totaled 550 million hrv and the South-Ukrainian Atomic Energy Station and Oriana chemicals earned profits exceeding 400 million hrv.

UkrGazProm leads in exports with $3 billion (U.S.), followed by ZaporizhStal at $879 million, Mariupol-based Illich works at $635 million, and UkrSpetsExport at $300 million. Twelve other companies had exports last year of more than $100 million. They are: Danko (metal trade), Progress (arms trade), Dniprovskyi Dzerzhynskyi Iron and Steel Works, Nikopol Ferroalloys Works, Styrol Chemical Concern, Poltava Mining-Dressing Works, Zaporizhia-based Aluminum and Ferroalloys Works, Mykolaiv Alumina Plant, Odesa Port Plant, Prydniprovski Oil Mains and the Oriana Chemical Concern.

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