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Cabinet Postpones Naftogaz Financial Plan Due To Absence Of Electronic Documents Flow

The Cabinet of Ministers of Ukraine has postponed approval of a financial plan for the Naftogaz of Ukraine national joint-stock company due to the absence of electronic document flow.

First Deputy Minister for Economic Development and Trade Maksym Nefedov told the ZIK TV-channel, Ukrainian News Agency reports.

According to unofficial information, Naftogaz submitted a draft of the 2017 financial plan to the Cabinet in late April.

As Ukrainian News Agency earlier reported, on November 30, 2016, the Cabinet approved the 2016 financial plan for Naftogaz.

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In 2016, Naftogaz posted the net profit of UAH 26,528.989 million, while the company posted the net loss of UAH 27,749.272 million for 2015.

In 2016, Naftogaz increased its net revenue by 43.12% or UAH 48,621.156 million to UAH 161,382.827 million year over year.

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