Business news from Ukraine

UKRSPECEXPORT SEES 76.2% RISE IN NET PROFIT IN H1 2016

27 July , 2016  

KYIV. July 26 (Interfax-Ukraine) – State-run enterprise Ukrspecexport saw a 76.19% rise in net profit under Ukrainian accounting standards in January-June 2016 year-over-year, to UAH 69.3 million, the company has said in a report.

Its net revenue grew by 93.1% in H1 2016, to UAH 1.377 billion. The company saw a 3.4-fold rise in gross profit, to UAH 923.88 million and a 4.4-fold rise in operating profit, to UAH 90.56 million.

In January-March 2016 Ukrspecexport saw a 36.51% decline in net profit year-over-year, to UAH 21.95 million and net revenue decreased by 30.29%, to UAH 310.68 million.

Ukrspecexport saw a 2.4-fold rise in net profit under Ukrainian accounting standards in 2015, to UAH 91.87 million. The company saw a 2.7-fold rise in net revenue, to UAH 1.8 billion.

Ukrspecexport is the state’s authorized mediator in foreign economic activities in the field of exports and imports of products and services that are subject to export controls.

Under a government decision, Ukrspecexport and its subsidiaries have been part of state-owned Ukroboronprom concern since December 2010.