Energy Headlines

27 april 2018

Ukrnafta sees net profit rise by 17.7 times in Q1, 2018

Ukrnafta sees net profit rise by 17.7 times in Q1, 2018

Ukrnafta saw net profit rise by 17.7 times (UAH 1.190 billion) in January-March 2018 compared to the same period last year, to UAH 1.261 billion.

According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income for the first quarter of this year increased by 25.9%, to UAH 8.268 billion, gross profit by 49.6%, to UAH 4.819 billion.

As reported, Ukrnafta in 2017 reduced production of oil with gas condensate by 9.2% (139,000 tonnes) compared to 2016, to 1.379 million tonnes, gas by 14.8% (193 million cubic meters), to 1.108 billion cubic meters, production of liquefied gas by 13.4% (18,000 tonnes), to 116,000 tonnes.

Naftogaz Ukrainy owns a 50% plus one share stake in Ukrnafta, the former shareholders of PrivatBank (Kyiv) hold about 42% of the shares.


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