Home
/
News
/

Prykarpatoblenergo (PREN: HOLD) & Odessaoblenergo (ODEN: SELL) Post Q105 Results

Prykarpatoblenergo (PREN: HOLD) & Odessaoblenergo (ODEN: SELL) Post Q105 Results

5 May 2008

PREN finished Q1 with an income of USD 0.14 mn, and revenues of USD 25 mn. ODEN finished Q1 with net losses of USD 5.4 mn. Its Q1 revenue amounts to USD 42.6 mn. According to management estimates, ODEN lost about USD 15 mn in Q1, due to unauthorized electricity consumption. Concorde Capital PREN, despite internal shareholder conflicts, remains one of the best performing regional utilities. ODEN, which supplies the largest Ukrainian region by area, suffers from the highest level of unauthorized electricity consumption. The company is permitted to lose an average of 16.3% of purchased electricity, however, losses in Q105 totaled 26.2%. The Problem of high losses makes ODEN the worst performing utility in Ukraine.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...