Profit of Ukrainian enterprises in 2022 fell 12.6 times

In 2022, enterprises and organizations of Ukraine received a profit from ordinary activities before taxation of UAH 88.48 billion. This is 12.6 times less than the figure of the previous year, reports Interfax-Ukraine with the reference to the data of the State Statistics Service.

In 2022, the share of unprofitable enterprises amounted to 33.8% (26.7% in 2021), their total losses for the year increased 4 times – from UAH 232.8 billion to UAH 928.2 billion.

At the same time, the share of the country’s enterprises that made a profit in 2022 (a total of UAH 1.02 trillion) amounted to 66.2%. A year earlier, this indicator was 73.3%, and the total profit of enterprises that worked profitably in 2021 amounted to UAH 1.35 trillion.

The Ministry of Economy has increased GDP growth forecast in the current year up to 4%. In the medium term, we can expect economic growth of 3.5% in 2024 and 6.8% in 2025. The agency also improved forecasts for the main sectors of the economy. In particular, the increase in production in the steel industry and the corresponding increase in the export of steel products are noted.

As GMK Center reported earlier, Ukrainian steel companies in 2022 reduced capital investment by 67.8% compared to 2021 – to UAH 7.93 billion from UAH 24.65 billion. Capital investments in the production of pig iron, steel and ferroalloys amounted to UAH 5.97 billion at the end of the year. This is 69.9% less than in 2021.

  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025
  • Global Market

Emissions in China’s steel industry sector rose by 17.9% y/y in May

In May 2025, Chinese steel enterprises belonging to the CISA industry association increased their total…

Friday June 27, 2025
  • Industry

The European Commission has adopted a new state aid system for clean industry

On June 25, the European Commission adopted a new state aid system to support the…

Friday June 27, 2025
  • Industry

Ukraine reduced iron ore exports by 13% y/y in January-May

Ukraine's mining industry reduced iron ore exports by 12.8% year-on-year in January-May 2025 compared to…

Friday June 27, 2025