Profit of national joint-stock company Naftogaz Ukrainy in 2016 could reach 16-18 billion UAH, Naftogaz Head Andriy Kobolev has said.
“In H1 2016 profit will be around 21 billion UAH, and we expect 16-18 billion UAH of profit at the end of the year”, he said.
He said that annual profit would be less than the figure for the first six months due to the necessity of compensating the loss the company saw in the previous years.
“The main source of profit is transit. Around 18 billion UAH of gross profit is from natural gas transit. As for gas wholesale, we lost around 500 million UAH in winter of 2015-2016. The reform conducted and the change of the tariff policy cut the loss from gas trade for households”, he said.
Naftogaz saw 21.84 billion UAH of net profits in H1 2016, while in H1 2015 the company saw 4.47 billion UAH in loss. (Interfax/Business World Magazine)