18:00 18.03.2016

Top 100 state-run companies post 45.1% rise in revenue in 2015

2 min read
Top 100 state-run companies post 45.1% rise in revenue in 2015

Ukraine's top 100 largest state-run companies saw revenue of UAH 187 billion in 2015, a 45.1% rise compared to a year ago, First Deputy Economic Development and Trade Minister Yulia Kovaliv said at a government meeting on Friday.

"Earnings before interest, tax, depreciation and amortization (EBITDA) of the top 100 largest state-run companies was UAH 36 billion, with a profit of UAH 2.2 billion," she said.

EBITDA increased by UAH 59.31 billion and profit by UAH 68.7 billion from 2014.

Kovaliv said total asset value reached UAH 927 million, up 44.9% year-over-year.

She said that representatives of top 17 largest companies were present at the meeting. Odesa Port-Side Plant, Ukrinterenergo, Ukrgazvydobuvannia and Skhidny Mining showed the largest growth in sales last year, while Centrenergo's revenue declined and Ukrnafta and Ukrposhta stayed at 2014 levels.

Energoatom, Ukrainian Sea Port Authority and Ukrenergo posted the best profit figures. Additionally, Naftogaz Ukrainy decreased its loss from UAH 89 billion in 2014 to UAH 25 billion in 2015, Kovaliv said.

"Ukrnafta showed the worst figure [from the point of loss]," she said.

She said that all state-run enterprises in 2015 saw UAH 2.6 billion in profit after taking a UAH 7.4 billion in loss in 2014.

The state owns near 3,500 enterprises, including 1,723 operating ones. A total of 72 enterprises are located in the Anti-Terrorist Operation (ATO) zone and 1,683 are being liquidated.

National legislation bans the privatization of over 1,700 enterprises. However, the ministry has drawn up a bill to halve that number to 765.

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