You're reading: Bne IntelliNews: Ukrainian companies booked $3 billion of losses in the first half of 2020

Bne IntelliNews: Ukrainian companies booked $3 billion of losses in the first half of 2020

By Bne Intellinews.
Despite a mild recovery in the second quarter Ukraine’s companies are loss-making in the first half of this year, down by just under UAH90bn ($3.1bn) on a cumulative basis.

Corporate profits in Ukraine were doing well in 2019 and the large and medium-sized enterprises reported an exceptionally good fourth quarter, taking in UAH 274bn ($9.6bn) in the last quarter to bring the total corporate profits for 2019 to UAH529bn ($18.5bn).

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