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In the first quarter, the profits from large and medium Ukrainian businesses reached ₴319.6B, and the share of unprofitable enterprises decreased to 26.7%.

How have relocated Ukrainian businesses affected their new regions financially?

According to the State Statistics Service, large and medium-sized enterprises generated a positive financial result before taxation for the first quarter of 2024. It amounted to ₴253.6B, compared to ₴160.6B for the same period in 2023. Profit reached ₴319.6B or a 39.5% increase compared to the corresponding period a year earlier; losses were ₴66B (-3.5%). The share of unprofitable enterprises for January-March 2024 was 26.8% compared to 28.1% in the first quarter of last year. The largest shares of unprofitable enterprises during this period are in the following industries:

  1. temporary accommodation and catering 64.1% (vs. 46.7% for the same period last year)
  2. art, sports, entertainment, and recreation 60% (54.3%)
  3. transactions with real estate 40.7% (39.7%)
  4. transport, warehousing, postal and courier activities 38.6% (37.9%)
  5. agriculture, forestry, and fishing 38.2% (54.1%)

 

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