NEC Ukrenergo received UAH 306 million in net profit in H1 of 2021
The transmission system operator NEC Ukrenergo received UAH 306 million in net profit for the H1 of 2021 versus UAH 18 billion in losses incurred in H1 of 2020, according to the financial report published on the company's official website.
According to the financial report, in Q1 of 2021, the company's net profit amounted to UAH 3.7 billion, followed by UAH 306 million still in profits in Q2 of 2021 (-UAH 3.39 billion as ambitiously expected).
According to the NEC Ukrenergo, net sales revenues in H1 of 2021 reached UAH 34.8 billion versus UAH 25 billion from sales in H1 of 2020.
At the same time, the cost of goods sold in H1 of 2021, compared toH1 of 2020, declined by 17%, and was UAH 34.7 billion.