Akhmetov's Kyivenergo posts over US$5 mln in net loss in 2017

16:29, 27 March 2018
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Read alsoKyiv consumers owe US$166.7 mln to Akhmetov's Kyivenergo for heating in 2017The company's total assets in 2017 grew by 1.5 times from 2016, to UAH 23.955 billion ($910.8 million), according to a company announcement in the National Securities and Stock Market Commission's information disclosure system.

The total accounts receivable for the period under review rose from UAH 7.2 billion ($273.8 million) to UAH 7.8 billion ($296.6 million).

The company's long-term liabilities increased by 3.4 times to UAH 1.782 billion ($67.8 million), while current liabilities grew by 8.8% to UAH 10.682 billion ($406.2 million).

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 owned by Ukrainian tycoon Rinat Akhmetov.

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