February 25, 2013 14:40
Ukrhydroenergo ups net profits 3.3-fold in 2012
KYIV. Feb 25 (Interfax) - PAO Ukrhydroenergo made net profits of UAH 995.038 million as calculated to Ukrainian accounting standards (roughly $124.5 million) in 2012, which was 3.26-fold - or UAH 689.918 million - more than in 2011, a company statement posted on the national commission for securities and the stock market's information system says.
Net income increased 61.7% (by UAH 807.037 million) to UAH 2.116 billion, net profits 3.5-fold (by UAH 738.11 million) TO UAH 1.030 billion.
Ukrhydroenergo produced 1.1% more electric power last year than in 2011 - 10.414 billion kW/hours in all.
The NKRE several times reconsidered Ukrhydroenergo's tariffs last year, particularly at the start of the year when the rate for the company's electricity was increased 90.6%.
Ukrhydroenergo operates all the major hydropower plants in the Ukrainian parts of the Dnepr and Dniester. Its HPP have consolidated capacity of over 5,000 megawatts. Energy Company of Ukraine, which is owned by the government, wholly owns Ukrhydroenergo.
The official exchange rate for February 25: UAH 7.993/$1.
(Our editorial staff can be reached at email@example.com)
April 25, 2014
Russia political and economic calendar: April 25
April 24, 2014
N.Korean representatives to pay tribute to Yakov Novichenko in Novosibirsk
President Sargsian criticizes Turkey for closing border with Armenia
Journalist Simon Ostrovsky freed, traveling from Slovyansk to Donetsk - colleagues
Arrests held in Azerbaijani naval forces over case on big embezzlements
Ukraine demands Russia's explanation of army drills near border (Part 2)
National Security Defense Council says one special operation stage in eastern Ukraine completed
Situation at Mariupol town council under control - police
Ukraine demands Russia's explanation of army drills near border
Kremlin emphasizes demand for dialog between authorities, religious organizations
Eastern Partnership not to be aimed against some third country - Armenian president
Plague outbreak registered in Kalmykia