Nova Poshta ups standalone profit by 20.1% while reducing net profit by 38.1% in H1 2024

19:54, 31.07.2024 1 min read

Nova Poshta LLC increased its standalone net income in the first half of 2024 by 20.1%, to UAH 20.12 billion, however, the company's net profit decreased by 38.1%, to UAH 1.49 billion.

According to the data of unconsolidated reporting, published in the information disclosure system of the National Securities and Stock Market Commission on Wednesday, the company's gross profit in the first half of 2024 grew by 9.5%, to UAH 3.87 billion.

It is indicated that the profit from the Nova Poshta operational activities during the reporting period decreased by 8.7%, to UAH 1.68 billion.

According to unconsolidated reporting, in 2023, Nova Poshta increased its net profit by 85.7% to UAH 3.967 billion, and its revenue grew by 54%, to UAH 36.47 billion.

Nova Poshta is the largest logistics operator in Ukraine. From the beginning of 2024 to the end of July, the company expanded its network in the country from 26,600 to 30,100 points: to 12,100 branches and 18,000 parcel machines.