KYIV, June 27 – National energy Company Naftogaz Ukrayiny in 2018 saw UAH 11.567 billion in net profit, which is 70.6% less than in 2017 (UAH 39.449 billion), according to the group's consolidated statements published on Thursday.

The group's net income decreased by UAH 27.9 billion compared to 2017, mostly due to the effects of reflecting the Stockholm arbitration decisions in both 2017 and 2018. In 2017, Naftogaz recognized UAH 12.6 billion of net positive effect of the Stockholm arbitration decisions on the group's operating income. In March 2018, Naftogaz recognized expenses of UAH 4.8 billion related to the additional VAT paid by the group in relation to the awards.