Business news from Ukraine

UKRENERGO SEES UAH 1.1 BLN NET PROFIT IN H1, 2016

8 August , 2016  

KYIV. Aug 8 (Interfax-Ukraine) – Ukrenergo in January-June 2016 saw a net profit of UAH 1.052 billion against UAH 523.215 million in net loss a year earlier.

According to the report, posted on the website of Ukrenergo, its net income during the period under review grew by 51.3% (UAH 962.578 million), to UAH 2.841 billion and gross profit increased by 90.5% (by UAH 881.107 million), to UAH 1.854 billion.

As reported, 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.