Energoatom shrinks net profit by 77.8% in 2016

State-run enterprise Energoatom, the operator of Ukrainian-based nuclear power plants, reduced its net revenue by 77.8% in 2016, from UAH 833.8 million in 2015 to UAH 187.1 million, according to Energoatom's press service, referring to the company's 2016 report.

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According to the report, Energoatom's net revenue from electricity sales grew by 9.6% in 2016, to UAH 36.068 billion, against UAH 32.904 billion in 2015.

Meanwhile, Energoatom's gross profit in the reporting period reduced from UAH 7.4 billion in 2015 to UAH 5.7 billion.

Read alsoWestinghouse: Only Ukraine applies EU's nuclear diversification policyUNIAN 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.

Ukraine ranks seventh globally in terms of the installed capacity of its nuclear power generating units. Energoatom operates four nuclear power plants across Ukraine with a total of 15 power generating units, all with VVER-type reactors. Zaporizhia nuclear power plant, operating six power units with a total capacity of 6 GW, is Europe's largest.

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