Business news from Ukraine

UKRAINIAN ENTERPRISES RAISE PRETAX PROFIT BY 29.5% IN Q1, 2018 – STATISTICS

Enterprises and organizations in Ukraine in January-March 2018 received profit from ordinary activities before taxation in the amount of UAH 132.875 billion, while in January-March 2017 the figure was UAH 102.615 billion, according to the State Statistics Service.
According to the service, in the first quarter of 2018 profitable Ukrainian enterprises received UAH 177.491 billion of profit, which is 13% more than in the same period in 2017.
At the same time, 31.4% of enterprises posted a negative financial result. Their losses in January-March of this year decreased by 18% compared to January-March last year, to UAH 44.617 billion.

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VOLUME OF SERVICES RENDERED BY UKRAINE’S ENTERPRISES 3% UP IN Q1, 2018 – STATISTICS

The volume of services rendered by enterprises in Ukraine in January-March 2018 amounted to UAH 177.8 billion, which in comparable prices is 3% more than the level of the same period in 2017, according to the State Statistics Service of Ukraine.
According to its data, the volume of services rendered to the population was 21.8% of the total volume of services provided.
The service said in the fourth quarter of 2017 the volume of services rendered by Ukrainian enterprises grew by 0.6%, in the third quarter by 3.1%, in the second quarter by 7.7%, and in the first quarter by 14.8%.

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GOVERNMENT COMMITTEE APPROVES LIST OF LARGE ENTERPRISES FOR PRIVATIZATION

The government committee has approved a list of large-scale privatization enterprises for 2018, which included 26 companies, including five regional energy companies, Centrenergo, Odesa Port-Side Chemical Plant, Turboatom, Zaporizhia Titanium and Magnesium Combine, United Mining-Chemical Company, Sumykhimprom, Acting Head of the State Property Fund (SPF) Vitaliy Trubarov has said.
He said 18 facilities are already managed by the fund, including Ternopiloblenergo, Zaporizhiaoblenergo, Kharkivoblenergo, Mykolaivoblenergo and Khmelnytskoblenergo, Kherson thermal power plant (TPP), Dniprovska TPP, Kryvy Rih TPP and Severodonetsk TPP, Azovmash, Turboatom, Zaporizhia Titanium and Magnesium Combine, Oriana, Aluminum Foil Plant, President-Hotel, Centrenergo, Odesa Port-Side Chemical Plant, and Sumykhimprom.
Trubarov said three enterprises are managed by the Ministry of Economic Development and Trade, including United Mining-Chemical Company, Electrotyazhmash and Dniprovsky Electric Locomotive Plant. Two more objects are managed by the Ministry of Agrarian Policy and Food: the Agrarian Fund and the State Food and Grain Corporation of Ukraine. Each of the Ministry of Energy and Coal Industry, the Cabinet of Ministers and the Ministry of Health manage one enterprise: Krasnolymanska coal company, Ukragroleasing, and Indar respectively.

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