National energy company Ukrenergo in January-September saw a 4.3-fold rise in net profit YoY, to 1.741 billion UAH.
The company said that its net revenue over the period grew by 36.1%, to 4.829 billion UAH and gross profit – by 52.3%, to 3.324 billion UAH.
Ukrenergo saw 292.681 million UAH of net profit in 2015 compared to 1.94 billion UAH of net loss a year ago. Revenue grew by 74.5% in 2015, to 5.5 billion UAH, and pretax profit totaled 395.326 million UAH compared to 2.264 billion UAH of loss a year ago.
Ukraine’s Cabinet of Ministers in late September approved of the financial plan of state-owned energy company Ukrenergo for 2016 with net profit planned at 3.9 billion UAH against 0.3 billion UAH in net profit in 2015.
The document also sets the target figure for net revenue in 2016 at 7.6 billion UAH, up by 38.2% YoY (5.5 billion UAH).
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state enterprise, and it is subordinate to the Ministry of Energy and Coal Industry. (Interfax/Business World Magazine)
