Ukrtatnafta posts almost 13-fold rise in net loss in 2017

09:49, 07.05.2018 1 min read

 Public joint-stock company Ukrtatnafta (Kremenchuk oil refinery, Poltava region) in 2017 saw a 12.6-fold rise in net loss, to UAH 2.437 billion, the company has said in a report.

Net revenue last year grew by 39.6%, to UAH 33.227 billion.

"Net revenue from sold fuel totaled UAH 29.996 billion… The share of sales on the domestic market in 2017 was 88.92%," the company said.

Gross loss in 2017 amounted to UAH 444.396 million compared with UAH 1.243 billion of gross profit a year ago.

National joint-stock company Naftogaz Ukrainy owns a 43.05% stake in Ukrtatnafta, another 28% is controlled by the structures of Privat Group and businessman Oleksandr Yaroslavsky.