The Ukrainian State Air Traffic Services Enterprise (UkSATSE) made a net profit of UAH 171 million in the period of January-June 2015, which is UAH 185 million less than its net profit of UAH 356 million in the first half of 2014, according to the Ministry of Economy’s analytical review of the Top 100 largest state enterprises in the first six months of 2015.

UkSATSE’s net revenue also reduced from UAH 1.508 billion to UAH 917 million (-39%) in the period of January-June 2015. Its EBITDA was UAH 279 million compared with UAH 684 million in the period of January-June 2014 (-41%).

UkSATSE’s net profit margin in the first half of this year was 18.7%, compared with 12.7% a year earlier; its EBITDA margin remained practically unchanged at 30.4%, compared with 30% a year earlier.

In the first six months of 2015, the company provided air navigation services to 107,200 flights, of which 29.5% were flights operated by Ukrainian airlines. The transport leader was Ukraine International Airlines (UIA) with more than 18,000 flights, followed by Turkish Airlines with more than 10,000 flights, and the Belavia airline (Belarus) with more than 4,000 flights.

Transit flights accounted for 48.6% of the flights operated in Ukrainian skies, international flights (takeoffs or landings in Ukraine) accounted for 42.2%, and domestic flights (both takeoffs and landings in Ukraine) for 9.2%.

UkSATSE was founded in 1992. It is the main air navigation system in Ukraine and unites civil and military air traffic control systems.