Energoatom 2012 net profits expected to grow 6%
KYIV. Nov 12 (Interfax) - The Ukrainian cabinet of ministers has confirmed a financial plan for the state-run nuclear power plant operator NAEK Energoatom for this year that envisions 6% growth in net profit growth, the company said.
"The plan envisages that in 2012 NAEK Energoatom will increase net profits 6.1% compared with 2011," the company statement says. NAEK Energoatom increased net profits 2.9-fold last year UAH 2.38 billion. So, company net profits for this year are expected to be about UAH 2.52 billion (around $315.3 million at the current exchange rate).
The plan has NAEK Energoatom implementing capital investment projects mostly associated with programs for increasing safety and extending the useful life of nuclear power plants. Plans also call for measures involving company social policy. NAEK Energoatom will also continue to increase the worker-safety level and health protection at the company.
Energoatom operates 15 power-generating units at the country's four nuclear plants, which are outfitted with water-cooled reactors with total installed generating capacity of 13,835 gigawatts.
The official exchange rate for November 12: UAH 7.993/$1.