Centrenergo reports tripled profits

The state-owned power generating company Centrenergo in the first quarter of 2017 tripled its net profit year-on-year, raising it from UAH 269.9 million, to UAH 851 million.

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The relevant data were published in the company's quarterly report within the system of information disclosure of the National Commission on Securities and Stock Market.

Read alsoPrivatization of Centrenergo can be delayed until 2018According to the report, the company's net income for the period in question increased by 26% to UAH 3.16 billion, gross profit was up by 3.2 times to UAH 1,077 billion, and operating profit grew by 3.3 times to UAH 1,047 billion.

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