Economy 2022-07-15T08:18:49+03:00
Ukrainian news
Remuneration Of 5 Top Managers Of UkrGasVydobuvannya Grows 13 Times In 2016 To UAH 31.4 Million

Remuneration Of 5 Top Managers Of UkrGasVydobuvannya Grows 13 Times In 2016 To UAH 31.4 Million

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remuneration, top managers, UkrGasVydobuvannya

The total remuneration of five top managers of the UkrGasVydobuvannya state gas company grew from UAH 2.471 million in 2015 to UAH 31.363 million.

UkrGasVydobuvannya says this in its audited annual report for 2016 posted on its website, Ukrainian News Agency reports.

"Key managers of the company included five officials on December 31 or 2015 and 2016... Payments to the leading managers in 2016 made UAH 31.363 million (UAH 2.471 million in 2015)," reads the report.

As Ukrainian News Agency earlier reported, UkrGasVydobuvannya reports a net profit of UAH 11.919 billion for 2016. The company's net profit for 2015 was UAH 153.041 million.

In 2016, the company increased net revenues from sales of products and provision of services by 150% or UAH 33.176 billion to UAH 55.041 billion.

The increase in the revenues and net profit accounted for the decision of the government and the Verkhovna Rada to increase the sale price of natural gas to the Naftogaz of Ukraine national joint stock company and to cut the subsoil use rent.

UkrGasVydobuvannya is the largest state gas production company in Ukraine.

Naftogaz of Ukraine owns 100% of the shares in UkrGasVydobuvannya.

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