PJSC Ukrhydroenergo (Vyshgorod, Kyiv region) in the first quarter of 2012 saw its net profit rise by 50.62% year-over-year, to Hr 162.209 million, the company has said.
Its net income in the period was up by 29.6%, to Hr 424.771 million and gross profit grew by 55.92%, to Hr 165.058 million.
Ukrhydroenergo operates all large hydroelectric power plants on the Ukrainian stretches of the Dnipro and Dniester rivers. Their total capacity is 5,007.6 megawatts.
The company is 100% owned by Energy Company of Ukraine, which in turn belongs to the government.