National energy company Ukrenergo saw UAH 2.5 billion in net profit in 2018, which is 1.4 times more than in 2017 (UAH 1.75 billion), Ukrenergo CEO Vsevolod Kovalchuk said at the presentation entitled “10 Steps Towards Europe” late on Thursday.
He said that earnings before interest, taxes, depreciation and amortization (EBITDA) margin of Ukrenergo last year was 58.2%.
In addition, Ukrenergo paid UAH 1.3 billion of taxes to the national budget.
As reported, Ukrenergo in 2017 cut its net profit by 42% or UAH 1.264 billion compared with 2016, to UAH 1.748 billion.
Ukrenergo operates trunk and interstate transmission lines, as well as centralized dispatching of the country’s integrated power grids. It is a state-owned enterprise, but it will be transformed into a private joint-stock company soon.
