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Ukraine's national energy company revises 2015 financial report

Ukraine's national energy company revises 2015 financial reportNational Energy Company Ukrenergo saw UAH 292.681 million of net profit in 2015 compared to UAH 1.94 billion of net loss a year ago, according to an audited report posted on the company's website on Tuesday.

Revenue grew by 74.5% in 2015, to UAH 5.5 billion, and pretax profit totalled UAH 395.326 million compared to UAH 2.264 billion of loss a year ago.

According to the audited reported, Ukrenergo placed UAH 1.205 billion on deposit accounts after December 31, 2015.

Ukrenergo included facilities of Donbas energy system located in the occupied areas in its fixed assets. Deloitte&Touche failed to analyse them properly.

According to a report published by Ukrenergo in February 2016, the company saw UAH 820.396 million of net profit in 2015, UAH 5.433 billion of net revenue and UAH 3.486 billion of gross profit.
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