DTEK net loss reached UAH 37.399 billion in 2015

DTEK net loss reached UAH 37.399 billion in 2015Net consolidated loss of DTEK Energy, the holding company of the largest Ukrainian private vertically integrated group DTEK, reached UAH 37.399 billion in 2015. This is 90.3% or UAH 17.751 billion up on 2014.

The company said in a report on the London Stock Exchange (LSE), its revenue increased by 1.8%, to UAH 93.622 billion, while earnings before interest, tax, depreciation and amortization (EBITDA) dropped by 66%, to UAH 4.087 billion.

DTEK in 2015 saw a 7.3% rise in electricity sales to end consumers (including exports), to UAH 46.83 billion. Exports sales decreased by 36.4%, to UAH 3.23 billion.
Electricity sales to state-run enterprise Energomarket decreased by 4.7%, to UAH 32.648 billion.

Steam coal sales last year decreased by 21.7%, to UAH 4.149 billion, including a 28% decline in steam coal exports, to UAH 2.77 billion.

Heat sales increased by 58.7%, to UAH 5.611 billion.

As it was reported earlier, Rinat Akhmetov's DTEK energy holding saw a 20.1% fall in power supply in 2015, to 37.65 billion kilowatt-hours (kWh), including 630 million kWh of power generated by wind farms.

Read also: Ground water floods subway in Dnipropetrovsk as DTEK cuts off power

DTEK's distribution companies in 2015 transmitted 45.1 billion kWh of electricity via networks (not taking into account Krymenergo), which is by 16.2% less than year-over-year. The company decreased electricity exports by 55% up to 3.6 billion kWh.

DTEK miners in 2015 produced 28.692 million tonnes of coal, which is by 22.7% less year-over-year. In 2015, the company supplied 1.387 million tonnes of coal to external markets, which is by 65.8% lower than in 2014. Coal imports fell by 76%, to 404,100 tonnes.
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