11:30 12.03.2015

Naftogaz to publish preliminary financial figures for 2014 in March

1 min read
Naftogaz to publish preliminary financial figures for 2014 in March

National joint-stock company Naftogaz Ukrainy plans to publish the preliminary figures on its financial performance for 2014 by the end of this month, Naftogaz Ukrainy Board Chairman Andriy Kobolev told reporters in Kyiv on Wednesday.

He said that on March 26 he will have held his post for a year and he will present a report on his work.

Kobolev added that next week an audited Naftogaz Ukrainy financial report for 2012 and 2013 is planned to be published.

He said that after the approval of the holding's financial plan for 2015 by the government the plan will be made public as well.

As reported, Naftogaz Ukrainy saw its net loss rise by 11.7 times in January-September 2014, to UAH 62.47 billion, and net revenue fell by 4.1%, to UAH 44.2 billion. Its gross loss fell by 84.1%, to UAH 2.19 billion.

In 2013, the holding saw a rise of 14.2% in net loss under International Financial Reporting Standards (IFRS), to UAH 12.52 billion.

Naftogaz Ukrainy combines oil and gas production assets in Ukraine and has a monopoly on the country's gas transit, underground gas storage, and oil pipeline transportation.

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