Ukrnafta sees UAH 1.3 bln in net profit in H1 2017
Public joint-stock company Ukrnafta saw UAH 1.336 billion of net profit in January-June 2017 compared with UAH 10.091 million of net loss a year ago.
The company said in a report, its net revenue over the period grew by 54.9%, to UAH 13.781 billion, and gross profit – by 44.7%, to UAH 6.873 billion.
Ukrnafta is the country's largest oil producer. Naftogaz Ukrainy owns a 50% plus one share stake in Ukrnafta. A group of companies associated with the former shareholders of PrivatBank holds about 42% of the shares.