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Intertop reports 75% drop in revenue during coronavirus quarantine
Journal Staff Report

KYIV, April 15 – Intertop Ukraine LLC (Kyiv), Ukraine’s shoe and clothing chain, said its revenue dropped 75% during the coronavirus quarantine over the past month and the company does not expect the aituation to improve until early May.

"Losses are 75% in revenue, we continue to pay wages to 1,600 employees, while paying taxes on wages when the business is idle, since the social security tax was cancelled only for small businesses, we continue to pay on loans," Serhiy Badritdinov, the CEO of Intertop Ukraine, told the Interfax-Ukraine agency.




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