Profits for medium and large companies in Ukraine hit $5 billion during the first quarter, up 29.5%

Profits for medium and large companies in Ukraine hit $5 billion during the first quarter, up 29.5% over the same period last year, the State Statistics Service reports. Reflecting an economic recovery, profitable enterprises saw their results grew by 13%. Money-losing companies saw their losses shrink by 18%. Overall, the share of loss-making enterprises decreased to 31.4% from 36.1% one year earlier.