Business news from Ukraine

UKRAINIAN ENTERPRISES CUT PRETAX PROFIT BY 41% IN 2020

Enterprises and organizations of Ukraine in 2020 reduced their pretax profit from ordinary activities by 41%, to UAH 264.4 billion (in 2019 it was UAH 446.9 billion), the State Statistics Service has reported.
According to the State Statistics Service, last year Ukrainian enterprises that worked profitably received UAH 602.3 billion in profit, which is 2.9% less than in 2019.
At the same time, 29.2% of enterprises saw losses. Their losses in 2020 grew by 94.6% compared to 2019, to UAH 337.9 billion.

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