Ukraine`s large, medium-sized businesses post UAH 76 bln profit in 2016 against loss in 2015

Ukrainian large and medium-sized enterprises, excluding banks, received UAH 75.651 billion, or US$2.8 billion, in profit before tax in 2016 against UAH 236.566 billion, or $8.8 billion, in loss in 2015, according to the Ukrainian State Statistics Service`s tentative data.

The financial result of Ukraine`s profitable enterprises grew by 12.6%, to UAH 328.918 billion, while that of loss-making companies shrank by 52.1% over the year, to minus UAH 253.267 billion, the report said.

Moreover, the share of unprofitable Ukrainian enterprises fell from 29.4% in 2015 to 26.5%.

The State Statistics Service said that the data excluded reports from the temporarily occupied territory of the Autonomous Republic of Crimea and the city of Sevastopol, as well as the Anti-Terrorist Operation zone.

The service also noted they provided the preliminary data for 2016, whereas the final figures would be published in October 2017.

Earlier, Ukraine`s large and medium-sized enterprises, regardless of budget institutions, made a UAH 236.567 billion loss before tax in 2015.

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