Business news from Ukraine

Business news from Ukraine

LIST OF MOST PROFITABLE COMPANIES IN UKRAINE IN 2020

Interfax-Ukraine has prepared a list of the most profitable companies in Ukraine in 2020 based on the financial statements of the companies published by the Ministry of Finance and the State Tax Service in the form of open data at the end of May.
Gas Transmission System Operator of Ukraine (GSTOU) topped the list of companies that posted a net profit of over UAH 10 billion (the company’s profit was UAH 28.36 billion) and its parent company Mahistralni Gazoprovody Ukrainy (MGU, Trunk Gas Pipelines of Ukraine) with UAH 15.29 billion followed it, Pivdenny Mining and Poltava Mining had UAH 18.24 billion and UAH 11.08 billion in profit, respectively, as well as Kyivstar posted UAH 10.37 billion in net profit.
Then, the list of companies with a net profit of over UAH 5 billion, includes PJSC Naftogazvydobuvannia with UAH 6.13 billion, ATB-Market with UAH 5.77 billion and SCM with UAH 5.32 billion.
The top ten most profitable also include the state-owned Ukrgazvydobuvannia with UAH 4.95 billion and Pivnichny Mining with UAH 4.34 billion.
More than UAH 4 billion of net profit last year in Ukraine was received by two more companies: Ukrnafta with UAH 4.27 billion and Ukrhydroenergo with UAH 4.14 billion, and more than UAH 3 billion were also received by two companies: Roshen confectionery corporation with UAH 3.37 billion and Epicenter K with UAH 3.17 billion.
The list of 200 most profitable companies also included 29 corporate investment funds, among which are 24 venture capital funds.