Ukraine’s Energoatom sees profit fall nearly 50% since start of year

Energoatom, state-owned operator of Ukraine’s nuclear power stations, has reported a net profit of UAH 1.118 billion in January-June 2016, according to the company’s press service.

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Energoatom’s income from energy sales in the said period increased by 5.4% compared with January-June 2015, from UAH 15.588 billion to UAH 16.429 billion, the financial report stated.

Gross profit decreased from UAH 4.920 billion to UAH 3,687 billion year-on-year.

Read alsoEnergoatom management discusses company's development with U.S. energy expertsAs UNIAN reported earlier, Energoatom made a net profit of UAH 1.168 billion in 2015, against a net loss of UAH 6.494 billion  that the company posted in 2014.

UNIAN memo. SOE Energoatom is Ukraine’s largest electricity producer with a 50% share of the total output of Ukraine's electricity. Energoatom is also responsible for the safe operation of all the country's nuclear power plants (NPP).

In terms of installed capacity of nuclear power, Ukraine ranks seventh globally. All operating reactors are VVER-type. There are four NPPs in Ukraine with 15 generating units. One NPP in Zaporizhia has six generating units with a total capacity of 6,000 MW, making it Europe’s largest.

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