The Ukrainian Metal

Ukraine: metal companies losses down to 12 billion UAH

In January-June Ukrainian metal companies received 12 billion UAH of losses, down by 5.5% YoY.

Operational profits of the mining-metallurgical sector grew to 8.3 billion UAH from 2.8 billion in January-June 2014.

But because of the losses due to the exchange rate difference, the pre-taxation financial result was negative.

The net income from metal products in January-June increased by 15.6%, to 99.5 billion UAH.

In 2014 Ukrainian metal sector received 22.5 billion UAH of losses, up by 84.4% YoY.

Metal output falls drastically due to the military activity in the Donbass territory, unfavorable situation on the world market and the lack of support of the industry on the government level. (Ukrainian metal)

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