Ukraine’s State Reserve sees 15 times rise in net profit in H1 2016

Ukraine’s State Reserve sees 15 times rise in net profit in H1 2016

Companies of Ukraine’s State Reserve Agency saw UAH 1.485 million of net profit in the first six months of 2016, which is by 15 times more compared to the figures for the same period of last year, the press service of the State Reserve Agency reports. 

“According to the results of the first six months of 2016, the state-run companies of the State Reserve system showed a positive dynamics. Their net profit, UAH 1,485 million, grew by 15 times compared to the same period in 2015. Then it [net profit] amounted only to UAH 101 thousand,” reads a report.

According to the State Reserve, a rise in the effectiveness of companies was achieved due to the optimization of work at each of the facilities.


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