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  • Nova Poshta cuts profit by 43% to UAH 604.4 million, ups revenues by 21% to UAH 9.8 billion in Q1, 2024
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Nova Poshta cuts profit by 43% to UAH 604.4 million, ups revenues by 21% to UAH 9.8 billion in Q1, 2024

In January-March of this year, the Nova Poshta express delivery company, according to international financial reporting standards, reduced its net profit by 43%, or by UAH 0.45 billion, to UAH 604.4 million compared to the first quarter 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 21%, or by UAH 1.693 billion, to UAH 9.776 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.

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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.

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