Ukrainian enterprises reduced losses by almost seven times

Украинские предприятия сократили убытки почти в семь раз

The losses of enterprises for the first quarter amounted to nearly 60 billion

However, profits fell by 20%.

Enterprises and organizations of Ukraine in the first quarter of reduced losses at 6.6 times compared to the same period last year. This is evidenced by the state service statistics.

It is noted that the company obtained a negative financial result from ordinary activities before tax in the amount 58,56 billion USD. At the same time, for the first quarter of last year, this negative figure was 385,9 billion USD.

According to statistics, in the first quarter of 2016 79,3% of the enterprises in Ukraine were profitable and got to 97.5 billion USD profit, which is 20.7% less than in the same period of 2015.

At the same time 30.7% of enterprises worked at a loss. Their losses in the first quarter of 2016 has decreased in 3,3 times in comparison with January-March 2015 – to 156.1 billion USD.

According to authorities, the share of unprofitable enterprises in the first quarter of this year compared with last year decreased by 6.9 percentage points to 39.7%.

Earlier Корреспондент.net reported that one of the biggest companies of Ukraine – Metinvest businessman Rinat Akhmetov, is the last year for the first time ended with a loss, which reached one billion dollars.