Public joint-stock company Kyivenergo (Kyiv) saw a 38% rise in net loss in January-June YoY, climbing to 752.21 million UAH.
According to a company report, its net revenue in H1 2016 grew by 20.1% YoY, to 10.87 billion UAH, and gross loss totaled 165.86 million UAH compared to 295.08 million UAH of gross profit in January-June 2015.
Electricity generation in H1 2016 amounted to 1.52 billion kilowatt-hours (kWh, down by 4.7% YoY), and electricity transmission totaled 1.27 billion kWh (down by 5.2%).
Heat production totaled 6.75 million gigacalories (a 2.3% rise) and heat sales – 5.57 million gigacalories (a 3.4% rise).
Kyivenergo in H1 2016 increased electricity distribution and sales to Kyiv consumers by 0.8%, to 4.38 billion kWh.
In 2015 the company 1.6 billion UAH of net loss compared with net profit of 83.78 million UAH in 2014. Its net revenue grew by 32.8%, to 18.11 billion UAH.
Kyivenergo operates almost all the energy facilities located in Kyiv, except for Darnytsia combined heat and power plant.
Ukraine’s largest vertically integrated energy holding DTEK owns 72.33% of the shares in Kyivenergo. Another 25% plus one share stake in the company belong to the state. (Interfax/Business World Magazine)
