Ukrhydroenerho receives more than UAH 4B in net profit in 2020

Ukrhydroenerho receives more than UAH 4B in net profit in 2020

Ukrinform
In 2020, PJSC Ukrhydroenerho received UAH 4.137 billion in net profit, which exceeds the target plan by 4.7 times, the company’s press service reported.

“The company’s financial plan for 2020 provided for a net profit from financial and economic activities in the amount of UAH 879,183,000, and in fact the net financial result in 2020 reached UAH 4,136,958,000 (4.7 times higher than the target plan),” reads the report.

As Ukrinform reported, on January 20, 2021, the President of Ukraine signed a decree to place PJSC Ukrhydroenerho under the management of the Cabinet of Ministers.

PJSC Ukrhydroenerho is the largest hydro-generating company in Ukraine and is among 15 biggest Ukrainian state-owned companies. The company includes ten stations on the Dnipro and Dniester Rivers.

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