Ukraine's large, medium-sized businesses boost profit by 24% in 2018

Large and medium-sized enterprises in Ukraine received UAH 352.955 billion, or US$13.2 billion, in profit before tax in 2018, which was 24% higher than the figure reported in 2017.

Financial performance of Ukraine's profitable enterprises grew by 4%, to UAH 579.961 billion ($21.7 billion), while that of loss-making companies shrank by 16% over the year, to minus UAH 227.006 billion ($8.5 billion), according to the Ukrainian State Statistics Service website.

Moreover, the share of unprofitable Ukrainian enterprises fell from 23.5% in 2017 to 23%.

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The report does not include information from temporarily occupied areas in the Autonomous Republic of Crimea, the city of Sevastopol, and certain areas in Donetsk and Luhansk regions, it said.

As UNIAN reported earlier, Ukraine's large and medium-sized enterprises in 2017 boosted their profit before tax by 1.6 times against 2016.