Naftogaz announced the first profit in five years

09 June 2017, 13:40 | Economy
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The company received a net profit of 22.5 billion hryvnia and paid taxes to the budget of 74 billion hryvnia. Naftogaz in the end of 2016 received a net profit of 22.53 billion hryvnia against 35.06 billion hryvnia net loss in 2015. This is stated in the company's consolidated report. According to the document audited by Deloitte, the sales revenue in 2016 increased by 48% (by UAH 62.50 billion) - to UAH 192.76 billion, gross profit by 8.4 times (by UAH 62.50 billion), to 70 , 96 billion UAH. "Naftogaz became profitable for the first time in five years, while for the first time in ten years it did not get support from the state budget. Our group is the largest taxpayer in Ukraine. We paid 74 billion UAH to the state budget, or about 10% of its revenues.

For comparison, in 2014 Naftogaz accounted for about 25% of the state budget expenditures, "the words of the head of the company Andrei Kobolev. As reported by the correspondent. Net, in case of resuming cooperation between Naftogaz and Gazprom, the price of Russian gas for Ukraine will be the lowest. After the decision of the Stockholm Arbitration formula for calculating the price of Russian gas will be revised. Six countries intend to store gas in Ukrainian UGS facilities.

Original article: Naftogaz announces first profit in five years.




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