UKRAINE OPEN FOR BUSINESS: Ukrhydroenergo sees net profit rise by 3.5 times in Q1

PrJSC Ukrhydroenergo in the first quarter of 2021 compared to the same period of 2020 increased its net profit by 3.5 times (by UAH 1.626 billion), to UAH 2.278 billion, according to its financial statements on the website. According to the company’s reporting, the net income of Ukrhydroenergo for January-March of this year increased by 1.65 times (by UAH 1.810 billion), to UAH 4.602 billion, gross profit – twofold (by UAH 1.797 billion), to UAH 3.468 billion. At the same time, the cost of goods sold is UAH 1.133 billion, which is almost UAH 13 million higher than last year’s figure (UAH 1.120 billion), - Ukraine Open for Business.