Naftogaz posts 19.9% rise in net profit in Jan-Sept
National joint-stock company Naftogaz Ukrainy as a legal entity saw a 19.9% rise in net profit in January-September 2017 year-over-year, to UAH 30.579 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue over the period grew by 36.7%, to UAH 130.649 billion, while gross profit fell by 18.5%, to UAH 27.477 billion.
Naftogaz saw a 1.9% rise in sales of natural gas over the period year-over-year, to 13.932 billion cubic meters. Gas transit rose by 23.4%, to 70.357 billion cubic meters.
Revenue from gas sales in January-September 2017 increased 43.3%, to UAH 90.127 billion, and revenue from gas transit – by 32.8%, to UAH 55.201 billion.
As reported, Naftogaz Ukrainy as a separate legal entity in 2016 saw a net profit of UAH 26.529 billion against a net loss of UAH 27.749 billion in 2015. Its net income increased by 43.1%, to UAH 161.383 billion.
According to the consolidated report of Naftogaz, the group in 2016 received a net profit of UAH 22.532 billion against UAH 35.062 billion in net loss in 2015. Its consolidated revenue from sales rose by 48%, to UAH 192.764 billion.
Naftogaz Ukrainy unites oil and gas production assets in Ukraine, and is the country's gas transit, underground gas storage, and oil pipeline transportation monopoly.