Open source
The 100 largest state-owned companies in Ukraine have reduced their net profit to UAH 21.5 billion in the first half of 2018, which is 41.9% less compared to the same period in 2017.
This was reported by the Ministry of Economic Development and Trade:
“Today, there are 3,364 public sector enterprises in Ukraine, of which only 1,594 work. The total assets of the 100 largest state-owned enterprises amount to about 93.3% out of the total value of all operating state-owned enterprises in Ukraine. The total balance sheet value of the TOP-100 state-owned companies assets amounted to more than UAH 1,410 billion as of the end of the H1 2018, which is almost 3.8% less compared to the same period of 2017,”
According to the results of six months of 2018, the 100 largest state-owned companies as a whole received a net profit of UAH 21.5 billion, which is almost 41.9% less than in the same period of 2017 (almost UAH 15.5 billion).
It is noted that the main factor affecting the decrease in the financial result was the decrease in the net profit of Naftogaz of Ukraine, which accounts to about 51% out of total financial result of the entire portfolio.
Thus, in the first half of 2018, the net profit of Naftogaz decreased compared to the same period in 2017 by 60.3% (from UAH 27.7 billion to UAH 11 billion).
"Decline is associated with an increase in the loss of PJSC Ukrtransgaz (from UAH 1.6 billion to UAH 18.3 billion), 100% of whose shares belong to NAK Naftogaz of Ukraine," the report says.
According to the Ministry of Economic Development, the most profitable sectors for large state-owned enterprises in Ukraine remain the oil and gas sector and the electric power industry, which increased the total financial result by 12.2% in the first six months of last year – from UAH 7.6 billion to UAH 8.6 billion.
As The Journalist reported, Rabinovich said that the state budget annually loses USD 5 billion for corruption in the SFS.
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