KYIV. June 26 (Interfax-Ukraine) – National Nuclear Generating Company Energoatom saw UAH 988 million of net profit in January-May 2015, while year-over-year its net loss stood at UAH 2.645 billion.
“One of the key factors influencing the financial result is expenses on exchange rate differences, purchase of foreign currency and payment of credit rates,” the press service of the company said.
Net revenue from the sale of products in January-May 2015 totaled UAH 12.851 billion, which is 46.6% up year-over-year. The cash cost of products over the period fell by 0.6%, and gross profit of UAH 4.173 billion was seen.
The press service said that this year the company had new expenses, in particular, interest for extended tax liabilities which total UAH 11.6 million now.
“The expenses are linked with systemic non-payments by State Enterprise Energomarket for electricity generated at Ukrainian nuclear power plants. Only this year the Energomarket’s debt grew by UAH 1.679 billion, and as of May 31, 2015 the debt totaled UAH 10.477 billion,” reads the press release.
Energoatom is the operator of all four nuclear power plants currently working in Ukraine: the Zaporizhia, Yuzhnoukrainsk, Rivne and Khmelnytsky power plants with 15 pressurized light water reactors and a total rated capacity of 13.835 gigawatts.
