Business news from Ukraine

STATE-RUN ENERGOATOM DOUBLES NET PROFIT

31 October , 2019  

National Nuclear Generating Company Energoatom in January-September 2019 doubled net profit year-over-year, to UAH 4.251 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 10.4%, to UAH 34.774 billion, and gross profit – by 10.8%, to UAH 8.082 billion.
As reported, in January-September 2019, Energoatom reduced electricity production by 0.5% (323.1 million kWh) compared to the same period in 2018, to 60.729 billion kWh. Power plants of Energoatom during this period released 57.02 billion kWh to the market compared with 57.376 billion kWh a year earlier.
In 2018, Energoatom increased its net profit by 21.2% compared to 2017, to UAH 4.632 billion, net income by 14.5%, to UAH 44.055 billion.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.

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