Ukraine’s top 100 state-owned companies saw their net profits drop by 42%

Ukraine’s top 100 state-owned companies saw their net profits drop by 42% during the first half of 2018, compared to the same period one year earlier, UNIAN reports. The entire drop can be blamed on Ukrtransgaz, the gas line operator, which saw its profits drop to 9% of the H1 2017 level. The top 100 state companies have assets totaling $50 billion, accounting for 93% of the value of Ukraine’s 3,364 state companies. Of this group, 1,594 – or 47% — actually function.