Naftogaz earns almost UAH 907 million and reduces labor costs by 42% in 2024

The Naftogaz of Ukraine national joint-stock company ended 2024 with a profit of UAH 906,558,000.

This is stated in the company's financial report published on the analytical platform YouControl, Ukrainian News Agency reports.

The report states that net sales revenue in 2024 increased by 13.9% compared to 2023 to UAH 157.8 billion.

It is noted that Naftogaz significantly reduced labor costs by 42% to UAH 286,083,000, and other operating expenses increased by 68.1% to UAH 78,331,846.

As Ukrainian News Agency earlier reported, in January-June 2024, the Naftogaz group increased its net profit 3.7 times, from UAH 6.6 to UAH 24.4 billion.

According to YouControl, Naftogaz suffered a loss of UAH 782.4 million in 2023.