: :inin Kyiv (EET)

Naftogaz`s net profit increased by 109 times in 9 months, nearing $1 bln

Oil and gas giant NJSC Naftogaz of Ukraine`s net profit skyrocketed by 109 times January-September 2016, to UAH 25.5 billion, or about US$960 million.

Its net revenue from sales in the nine months of 2016 amounted to UAH 95.5 billion, which was 28.9% up year-over-year, the company said in the information disclosure system of the National Securities and Stock Market Commission.

January through September 2015, this indicator was UAH 74.1 billion.

The company`s gross profit in the nine months of 2016 grew by 2.5 times year-over-year, to UAH 33.7 billion.

As UNIAN reported earlier, Naftogaz posted UAH 25 billion in net loss in 2015, while its net loss in 2014 was UAH 89.9 billion.

Its gross profit in 2015 was UAH 12.5 billion against UAH 11 billion in loss in 2014.

In 2015, the company posted a net revenue of UAH 112.76 billion, which was 51% up on 2014.


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