State-owned enterprise Ukrenergo saw its net profit rise by 53.7 times (by UAH 803.162 million) in January-March 2018 compared to the same period last year, to UAH 818.416 million. According to the financial report of the company, its net income for the first quarter decreased by 15.3% (by UAH 219.35 million), to UAH 1.216 billion, gross profit by 32.1% (by UAH 288.714 million), to UAH 610.042 million.
As reported, in January-March 2018 Ukrenergo increased transmission of electricity through trunk networks by 0.5% (145.197 million kWh) compared to the same period last year, to 30.224 billion kWh. At the same time, the cost of the company’s transfer services for the three months decreased by 18.8% (UAH 251.344 million), to UAH 1.087 billion.
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the unified energy system of the country. It is a state enterprise subordinated to the Ministry of Energy and Coal Industry.
