Cabinet approves Ukrenergo fiscal plan for 2017 with UAH 2.6 bln profit

16:12, 09.08.2017 1 min read

The Cabinet of Ministers of Ukraine has approved the financial plan of Ukrenergo for 2017 with a net profit of UAH 2.554 billion.

The government made the relevant decision at a meeting in Kyiv on August 9.

According to the financial plan, the net income of Ukrenergo in 2017 will be UAH 7.877 billion, gross profit some UAH 5.108 billion.

As reported, Ukrenergo in 2016 saw net profit rise by 3.7 times, to UAH 3.012 billion.

The net income of Ukrenergo in 2016 increased by 32%, to UAH 7.174 billion, and gross profit rose by 43.1%, to UAH 4.989 billion.

Ukrenergo operates trunk and interstate power grids, as well as centralized dispatching system of the united power system of the country. It is a state enterprise subordinated to the Ministry of Energy and Coal Industry.