Ukrposhta expects UAH 128 mln loss in Q1, 2021 3 min read JSC Ukrposhta, the state postal operator, expects UAH 128 million in losses in January-March 2021 versus UAH 90 million in profit in the first quarter of 2020, the operator has said. "Amid a constant increase in volumes in the main areas of business, Ukrposhta, according to preliminary data, expects about UAH 128 million in losses over the first quarter of 2021. This is primarily due to a sharp increase in the minimum wage in the country, which directly increases the key [70%] item of expenditure of the enterprise for the wage fund," the report said. Ukrposhta said that the logical decision of any private company in such a situation would be to revise the cost of services or products and raise prices. At the same time, for the state postal operator, such changes are regulated by the state and must be agreed with a number of interested bodies.