Business news from Ukraine

Business news from Ukraine

Ukrainian enterprises increased pre-tax profit by 65% in January-June

30 August , 2024  

In January-June 2024, Ukrainian enterprises and organizations increased their pre-tax profit from ordinary activities by 64.8% to UAH 491.2 billion (UAH 298 billion in the first half of 2023), the State Statistics Service reported on Thursday.

According to the State Statistics Service, in the first six months of 2024, Ukrainian enterprises that operated profitably earned UAH 619.6 billion in profit, which is 49.7% more than in the same period in 2023.

At the same time, 25.7% of enterprises reported a negative financial result (25.5% in January-June last year). Their losses for the six months of this year increased by 10.6% compared to the same period in 2023 to UAH 128.4 billion.

The official exchange rate as of August 29 is 41.2508 UAH/$1.