National oil company Naftogaz Ukrainy's unconsolidated net losses according to Ukrainian accounting standards decreased by 86% year-on-year to UAH 297.266 million (UAH 7.89 /$1 on August 11, 2010) in January-June 2010.
According to the company’s results, which are accessible through Ukraine’s State Commission for Securities and the Stock Market, net revenue increased by 8.3% to UAH 44.724 billion in the first half.
Naftogaz Ukrainy’s gross losses over the six months came to UAH 76.511 million compared to gross profit coming to UAH 3.981 billion in the same period of 2009.
Naftogaz Ukrainy unites the largest oil and gas extracting enterprises of Ukraine. The holding is a monopolist in natural gas transit and storage in underground gas storage facilities, and in oil transiting via pipelines across Ukraine.
