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Economy 2019-03-23T04:01:51+02:00
Ukrainian news
Naftogaz Projects To Increase Profit By UAH 77 Billion To UAH 91 Billion In 2019

Naftogaz Projects To Increase Profit By UAH 77 Billion To UAH 91 Billion In 2019

The Naftogaz of Ukraine national joint stock company project to increase profit by UAH 77 billion to UAH 91.02 billion in 2019 over 2018.

This is said in the analysis of the financial plan of the national company by the Ministry of Economic Development and Trade the wording of which has been made available to Ukrainian News Agency.

Naftogaz of Ukraine also projects to increase spending for investment by UAH 31.3 billion to UAH 37.3 billion. Most of the funding will be used to purchase assets of the Ukrnafta oil company.

The draft financial plan of the national company envisages payment of UAH 29.497 billion in dividends to the state.

As Ukrainian News Agency earlier reported, in 2017 the Naftogaz group increased its net profit 2.2 times or by UAH 21.6 billion to UAH 39.449 billion compared to 2016.

In 2017, the revenues from sales increased by 18% or UAH 34.714 billion to UAH 227.478 billion.

The Naftogaz of Ukraine is a leading enterprise of the fuel and energy complex of the country, which is engaged in exploration and development of fields, drilling, transportation and storage of oil and gas, as well as the supply of gas to consumers.

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