You're reading: UNIAN: Naftogaz makes $1.4 billion in net profit in 2017

National Joint-Stock Company Naftogaz of Ukraine in 2017 made Hr 39.4 billion ($1.4 billion) in net profit, which was 2.2 times up from 2016.

“Naftogaz posted the highest net profit in its 20-year history: Hr 39.4 billion ($1.4 billion) compared to UAH 17.8 billion in 2016. If not for a positive outcome in the transit case, the group would have suffered a net loss of Hr 7.4 billion,” reads the company’s annual report for 2017 along with consolidated financial statements independently audited by Deloitte.

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