Large, medium-sized enterprises in Ukraine report almost UAH 5 bln in losses in Q1 2020
"In January-March 2020, the pre-tax financial result of large and medium-sized enterprises amounted to UAH 4.9 billion in losses (UAH 111.1 billion in profit in January-March 2019)," the report said.
In the first quarter of 2020, profitable large and medium-sized enterprises received UAH 199.9 billion in profit (up 31.1% year-on-year), whereas unprofitable large and medium-sized enterprises suffered UAH 204.8 billion in losses (almost five times more than in January-March 2019).
In general, the share of unprofitable enterprises among large and medium-sized enterprises in the first quarter of 2020 was 40.8% (27.2% in January-March 2019).
According to the State Statistics Service, the pre-tax financial result of large and medium-sized enterprises of Ukraine in 2019 amounted to UAH 422.2 billion, up 26% from 2018.
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