You're reading: Top 100 state companies receive Hr 26.4 billion net profit in 2016

The top 100 state-owned enterprises in Ukraine in 2016 received Hr 26.4 billion of net profit against Hr 53 billion of loss a year earlier, First Deputy Minister of Economic Development and Trade Maksym Nefyodov has said.

“The profitable sector is oil and gas due to Naftogaz, energy, engineering. The rest are unprofitable. Four companies of Ukraine demonstrate this result. The rest show a loss of Hr 10 billion,” he said during a press briefing.

Nefyodov stressed the book value of the top 100 state companies is Hr 1.4 trillion.

“Of course, Hr 26 billion in comparison Hr UAH 1.4 trillion of the book value of these companies is not a figure that can be proud of,” he said.

As reported, the government approved the concept of the strategic vision for the management of state-owned enterprises, according to which 378 enterprises from the general list of 3,444 in the long-term will remain in state property, 359 will be transferred to concession, 893 will be privatized, and 1,255 will be liquidated.