Ukrtelecom's loss increases 4 times to UAH 265 million in 2024

In 2024, the loss of the Ukrtelecom telecommunications company increased 4 times to UAH 265.1 million against a loss of UAH 64.4 million in the previous period.

This is stated in the company's financial report published on the YouControl analytical platform, the Ukrainian News agency reports.

The report states that net sales revenue in 2024 increased by 4.3% compared to 2023 to UAH 4.343 billion.

It is noted that Ukrtelecom's labor costs increased by 5.9% to UAH 1.530 billion.

According to YouControl, Ukrtelecom suffered a loss of UAH 64.398 million in 2023.

As the Ukrainian News agency earlier reported, in the first 9 months of 2024, the Ukrtelecom telecommunications company increased its revenue by 16.1% to UAH 3.6 billion compared to the same period last year.