Kyivenergo reduces net loss by almost 30% in nine mths

Photo from UNIAN

Kyivenergo's net revenue from product sales over the period under review rose by 22.6%, to UAH 17.651 billion ($657.9 million), while the gross loss grew by 31.6%, to UAH 1.02 billion ($38 million), the company said in a statement.

Read alsoUkraine's property fund sells 25% stake in Kyivenergo As UNIAN reported earlier, Kyivenergo received UAH 2.58 million in net profit in 2016, while the company reported a net loss of UAH 1.695 billion in 2015.

Kyivenergo generates and supplies thermal and electric energy in the city of Kyiv. It is a part of DTEK's largest private energy holding.