Business news from Ukraine

UKRHYDROENERGO SEES NET PROFIT RISE BY 3.5 TIMES IN Q1

20 May , 2021  

PrJSC Ukrhydroenergo in the first quarter of 2021 compared to the same period of 2020 increased its net profit by 3.5 times (by UAH 1.626 billion), to UAH 2.278 billion, according to its financial statements on the website.
According to the company’s reporting, the net income of Ukrhydroenergo for January-March of this year increased by 1.65 times (by UAH 1.810 billion), to UAH 4.602 billion, gross profit – twofold (by UAH 1.797 billion), to UAH 3.468 billion.
At the same time, the cost of goods sold is UAH 1.133 billion, which is almost UAH 13 million higher than last year’s figure (UAH 1.120 billion).
The press service of the company noted that following the results of work in the first quarter, the company fully paid its obligations to the budgets of all levels, the volume of payments amounted to UAH 794.3 million.
As reported, Ukrhydroenergo in 2020 increased its net profit by 28.4% compared to 2019, to UAH 4.137 billion.

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