In January-September 2023, the state-owned company for the import and export of military and special services Ukrspetsexport earned a net profit of UAH 88.28 million, almost three times more than in the same period in 2022 (UAH 22.21 million).
According to the interim financial report of the state-owned company in the NSSMC disclosure system, net income increased by 91.9% to UAH 22 billion 028 million.
The company earned UAH 196.08 million in profit from operating activities, up 2.3 times, and gross profit doubled to UAH 1 billion 113 million.
At the same time, according to the company’s report to the NSSMC, in the first half of this year, Ukrspetsexport increased its net profit by 3.5 times compared to January-June 2022, to UAH 66.75 million, with net income growing by 2.8 times, to UAH 15 billion 159 million.
Thus, according to the results of the third quarter, the net profit of the state-owned company increased 7.3 times by July-September 2022 to UAH 21.53 million, while net income increased by 14.8% to UAH 6 billion 869.5 million.
As reported, in March 2022, Ukrspetsexport and its two subsidiaries, the specialized foreign trade company Progress and the foreign trade enterprise Spetstechnoexport, were temporarily excluded from the state concern Ukroboronprom and transferred to the Ministry of Defense by a government decision.
According to the National Securities and Stock Market Commission, in 2022, the state-owned company reduced its net profit by almost 2.5 times compared to 2021, to UAH 49.87 million, and its net income increased 12 times, to UAH 24 billion 174 million.
At the beginning of this year, the company employed 366 people (427 a year earlier).
The state company for import and export of military and special purpose products and services, Ukrspecexport, which is a part of the Ukroboronprom State Concern, received revenue in the amount of UAH 1.53 billion in the first half of 2020, which is 36.6% more than over the same period in 2019, according to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission.
According to the report, Ukrspecexport saw a 2.2-fold increase in net profit, to UAH 148.95 million, over the first six months of 2020.
According to previously published report, the company’s revenue increased by 57.3%, to UAH 672.06 million, in Q2, 2020 as compared to the same period last year, while its net profit reduced by 64.3%, to UAH 14.51 million.
Ukrspecexport’s debt in advanced payments, which dropped from UAH 3.96 billion to UAH 1.96 billion in 2019, reduced to UAH 1.27 billion in H1, 2020. In general, current obligations and collaterals reduced from UAH 4.87 billion to UAH 4.55 billion, and there were no long-term liabilities.
In H1, 2020, the company had 432 employees, the same as at the beginning of the year. The total amount of salaries expense reduced by 4.7%, to UAH 136.53 million (on average, UAH 52,700 per employee per month).
In 2019, Ukrspecexport’s net profit dropped by 13.5%, to UAH 200.59 million, while its revenue increased by 2.3 times, to UAH 3.449 billion.
State-owned company Ukrspecexport in January-June 2018 saw a 2.3-fold rise in net profit under Ukrainian accounting standards (129.9%) year-over-year, to UAH 158.34 million. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue in H1 2018 grew by 24.83%, to UAH 773.12 million.
In January-March 2018, Ukrspecexport increased net profit by 69.26%, to UAH 64.38 million and net revenue – by 7.86%, to UAH 364.13 million.
Ukrspecexport is an authorized state intermediary in carrying out foreign economic activities in the sphere of exports and imports of goods and services that are subject to export control.
Since December 2010, under the government’s decision Ukrspecexport and its subsidiaries have joined the Ukroboronprom State Concern.
