Photo by L.Kucher
The nuclear energy giant's net profit from product sales grew by 12.3% y-o-y.
State-run enterprise Energoatom, the operator of Ukrainian-based nuclear power plants, received UAH 1.113 billion (US$43.92 million) of net profit in January-June 2019 (H1 2019), which is 65% less year-over-year (y-o-y).
The nuclear energy giant's net profit from product sales over the period under review grew by 12.3% y-o-y, to UAH 23.306 billion (US$919.73 million) from UAH 20.747 billion (US$818.74 million).
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The cost of sales in H1 2019 rose by 13.6% and amounted to UAH 17.704 billion (US$698.65 million), while gross profit slightly grew to UAH 5.601 billion (US$221.03 million).
Other operating expenses of the company in January-June increased by 7.6 times, to UAH 3.083 billion (US$121.66 million).
UNIAN memo. Energoatom is Ukraine's largest electricity producer, accounting for about 50% of the country's overall power output. Energoatom is responsible for the safe operation of the country's nuclear power plants.