Business news from Ukraine

Business news from Ukraine

UKRSPECEXPORT SEES 52% RISE IN NET PROFIT IN H1 2015

28 July , 2015  

KYIV. July 28 (Interfax-Ukraine) – State enterprise Ukrspecexport saw a rise of 52% in net profit under Ukrainian accounting standards in January-June 2015 year-over-year, to UAH 39.33 million, the company said in a report on Monday.

The company said that its net revenue grew by 98.35% in H1 2015, to UAH 713.16 million. Gross profit rose by 39.95%, to UAH 271.52 million, and operating profit fell by 13.69%, to UAH 20.39 million.

In January-March 2015, Ukrspecexport saw a rise of 2.1 times in net profit under Ukrainian accounting standards year-over-year, to UAH 34.57 million, and its net revenue grew by 90.335, to UAH 445.67 million.

Ukrspecexport is the state’s authorized mediator in foreign economic activities in the field of exports and imports of products and services that are subject to export controls.

Under the government decision, Ukrspecexport and its subsidiaries have been part of state-owned Ukroboronprom concern since December 2010.