Ukraine Ukrenergo achieves net profit in 2015

26. February 2016. / SEE Energy News

SE “NEC” Ukrenergo “in 2015 achieved a net profit of UAH 820.396 million against net loss in 2014.

According to the financial report, published on the website of NEC, its net income in 2015 increased by 75.4% (2 billion 336.325 million UAH) compared to the 2014 year – up to 5 billion UAH 433.493 million, gross profit – 3.1 times (HA2 billion UAH 358.614 billion), up to 3 billion 486 061 000 UAH.

Expenses for the payment of goods, works and services “Ukrenergo” in 2015 amounted to 1 billion 173 090 000 UAH, wages – 1 billion 144 162 000 hryvnia, deductions for social events – UAH 407.477 million, liabilities for taxes and levies – UAH 346.986 million .

Expenses for repayment of loans amounted to 693 772 000 UAH, interest payments in 2015 – UAH 235.875 million, dividend payments – 120 million UAH.

Payments from borrowing in the past year amounted to 1 billion 851.735 million UAH.

As reported, “Ukrenergo” has finished 2014 with a net loss of UAH 1.2 billion, with a projected net profit of 1.5 million UAH. Losses from foreign exchange differences amounted to about 2 billion UAH.

“Ukrenergo” operates the backbone and interstate power lines, as well as centralized scheduling of the interconnection of the country. NEC is a state-owned enterprise, is under the Ministry of Energy and Mines.

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