This is up from a deficit of UAH 53.37m the year before.

Its assets stood at UAH 1.45bn, with long-term liabilities at UAH 823m.

At the end of 2013, these figures were UAH 0.83bn and UAH 511.95m

The yard builds and repairs ships, with a focus on tankers of up to 30,000 dwt, but also offshore vessels, bulkers and boxships.

Tycoon Vadim Novinsky's Smart Holding controls the shipyard.