Kucher L.
State-run enterprise Energoatom, the operator of Ukrainian-based nuclear power plants, received UAH 473.6 million, or US$17.6 million, in net loss in January-September 2017, against UAH 996.3 million ($37.1 million) in net profit year-over-year (y-o-y), according to the company's report on the financial and economic activities published in the National Securities and Stock Market Commission's information disclosure system.
According to the report, Energoatom's net revenue from electricity sales grew by 17% in January-September 2017 y-o-y, from UAH 24.682 billion ($918.2 million) to UAH 28.891 billion ($1.1 billion). Meanwhile, Energoatom's gross profit in the reporting period rose from UAH 4.482 billion ($166.7 million) in January-September 2016 to UAH 4.577 billion ($170.3 million).
At the same time, the profit from the Energoatom's operating activities decreased by 44.6%, to UAH 2.213 billion ($82.3 million).
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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.