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The company invested US$117.9 million in production over the reporting period.
DTEK Energy reported UAH 5.4 billion, or US$193 million, in net profit in the six months of 2018, compared to UAH 1 billion, or US$35.7 million, in losses for the same period last year.
Investment in production for the reporting period in 2018 amounted to UAH 3.3 billion, or US$117.9 million.
DTEK Energy is implementing a program to upgrade capacities to ensure efficient operation in a competitive electric power market and to increase Ukraine's energy independence.
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The fact that the company did not include its UAH 3.9 billion, or US$139 million, in losses from assets located in the temporarily occupied areas in Donetsk and Luhansk regions positively influenced its financial results in the first half of 2018.
It must be mentioned that the company originally estimated total losses from the assets in the occupied areas at almost UAH 7 billion, or US$250 million, in its consolidated report for January-March 2017. Then it reviewed its financial liabilities, as a result of which the amount of the losses was reduced to UAH 3.9 billion in the six months of 2017.
Stabilization of the national currency was another positive factor. The strengthening of the hryvnia increased profit related to forex rate differences by UAH 2.7 billion in the first half of 2018.
UNIAN memo. DTEK Energy is a key player in the Ukrainian coal industry. The assets of DTEK Energy are represented by 16 mines and five coal processing plants. Total coal production for 2017 amounted to 24.8 million tonnes.