Farmak is the only domestic pharmaceutical manufacturer that has been included in the rating of the largest companies in terms of income in 2020 published by the Internet portal censor.net in early June.
The relevant statistical data are annually prepared by the portal based on the financial statements of companies published by the State Tax Service and the Ministry of Digital Transformation. In 2020, the total income of 200 largest companies of Ukraine reached UAH 3.4 trillion.
Farmak has been a leader of the Ukrainian pharmaceutical market for more than 10 years*. The income from sale of products in 2020 amounted to UAH 7.5 billion. Last year, the Company increased export supplies by 40%. Today, Farmak’s medicinal products are represented in more than 30 countries in the EU, Central and South America, the CIS, the Middle East, Asia and others. Besides, summarizing the results of the previous year, the Company has become the largest taxpayer among the Ukrainian pharmaceutical companies. It has paid UAH 712.1 million as taxes and fees to the budgets of various levels.
“Despite the fact that Farmak has long been a leader of the Ukrainian pharmaceutical industry, we set the ambitious goals for further growth both in Ukraine and abroad. To do this, we reinvest up to 90% of profits in the development of the Company, equipment modernization, energy saving projects and research. Today, the construction of an innovative R&D center which will develop modern multi-component medicinal products is underway,” noted Volodymyr Kostiuk, Chief Executive Officer of JSC Farmak.
