You're reading: Naftogaz’s net loss soars by 4.5 times in 2014

National joint-stock company Naftogaz Ukrainy's net loss soared by 4.5 times in 2014 from 2013, to Hr 85.045 billion.

Its net revenue last year grew by 1.6 percent, to Hr74.412 billion, while gross loss rose by six times, to Hr 11.109 billion, Naftogaz reported in the National Securities and the Stock Market Commission’s information disclosure system.

As was earlier reported with reference to audited reports under the international financial reporting standards, Naftogaz was in the red in 2013 with a net loss of Hr 17.957 billion, which was 42.9 percent down on 2012.

Naftogaz’s revenue from sales in 2013 was UAH 75.899 billion and gross loss amounted to Hr 1.283 billion. Its revenue from sales in 2012 totaled Hr 105.038 billion, gross loss was estimated at Hr 7.475 billion.