Large, medium-sized enterprises in Ukraine report almost UAH 5 bln in losses in Q1 2020

Large, medium-sized enterprises in Ukraine report almost UAH 5 bln in losses in Q1 2020

Ukrinform
Large and medium-sized enterprises of Ukraine suffered losses of UAH 4.9 billion in the first quarter of 2020, whereas in the same period of 2019 they received UAH 111.1 billion in profit, Ukraine's State Statistics Service has reported.

"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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