Nova Poshta cuts profit by 38% to UAH 1.5 billion, ups revenues by 20% to UAH 20.1 billion in H1, 2024

In January-June of this year, the Nova Poshta express delivery company, according to international financial reporting standards, reduced its net profit by 38%, or by UAH 0.915 billion, to UAH 1.457 billion compared to the first half of 2023.

The company has said this in a statement, the Ukrainian News agency reports.

At the same time, during the specified period, the company increased its revenues by 20%, or by UAH 3.377 billion, to UAH 20.12 billion.

As the Ukrainian News agency earlier reported, in 2023 compared to 2022, the company increased its profit by 86% to UAH 4 billion, increasing revenues by 54% to UAH 36.5 billion.

In January, the Nova Poshta group of companies decided to change its name to NOVA due to the expansion of the field of activity.

Nova Poshta is an operator in the market of express delivery of postal items across Ukraine, established in 2001.

Viacheslav Klymov and Volodymyr Popereshniuk are the owners of the company.