Donbasenergo increased its loss in H1 of 2021 by 9.6 times, up to UAH 226 million

The PJSC Donbasenergo according to the results of H1 of 2021 incurred UAH 226 million in net loss, which was by 9.6 times more than in H1 of 2020 (UAH 23 million).

At the same time, compared to the financial results of Q1 of 2021, the company managed to reduce losses by UAH 69 million in the Q2 of 2021, as published on the official website of the company.

According to the PJSC Donbasenergo, its net sales revenue for H1 of 2021 amounted to UAH 1.145 billion, which was 2.6 times less than in the same period of 2020. In particular, the cost of goods sold in H1 of 2021 amounted to UAH 1.5 billion.

Accounts receivable of the PJSC Donbasenergo grew in H1 of 2021 by 2.5 times, up to UAH 405 million, and accounts payable for goods and services increased by UAH 300 million, up to UAH 2.963 billion. At the same time, accounts payable on long-term liabilities declined 12-fold times, down to UAH 18.7 million.

As previously reported by ExPro, the shareholders of the PJSC Donbasenergo plan to hold an extraordinary meeting on August 16, 2021, to consider the company's reorganization procedure.

Also, the PJSC Donbasenergo stated that they supported the decision of the National Energy and Utilities Regulation Commission (NEURC) to increase the upper price caps on day-ahead and intraday in the Integrated Power System of Ukraine from August 1, 2021, up to 2000 UAH/MWh and 4000 UAH/MWh, respectively.

The company noted that this solution would enable stable operations of the company during the 2021-2022 national district heating season.

11:25 / 9 August 2021

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