Ministry of Economic Development published a report on the results of the 100 largest public companies in Ukraine for 9 months (January-September) of 2015.
Public Joint Stock Company “Turboatom” (Kharkiv) has become an industry leader in terms of profitability dynamics of growth (net profit grew to 1.3 billion UAH from 0.8 billion UAH).
Other leaders in relevant industries are:
- “Ukrenergo” (net profit amounted to 408 million UAH against a net loss of 477 million UAH)
- “Ukrainian Sea Ports Authority” (net income increased to 3.5 billion UAH from 1.2 billion UAH)
- “Agrarian Fund” (net profit grew to 706 million UAH from 466 million UAH)
- Odessa Portside Plant (net profit amounted to 205 million UAH against a net loss of 243 million UAH).
The best dynamics of growth of profitability showed National Nuclear Energy Generating Company “Energoatom” – 1.3 billion UAH profit, compared to 3.8 billion UAH of loss.
As a result, one hundred of the largest state-owned companies in Ukraine in January-September 2015 posted a net profit of 2.2 billion UAH, compared with a loss of 66.5 billion UAH for the same period in 2014. This was reported by Forbes.
Consequently, for the first 9 months in 2015, the overall level of debt of companies increased by 26.7% compared to the same period of 2014 and amounted to 145 billion UAH. The overall ratio of debt to equity ratio of the Top-100 decreased from 36% to 24%.