KYIV, April 29 – The Naftogaz Ukrayiny Group in 2019 saw UAH 63.3 billion in net profit thanks to payment of $2.9 billion by Russia's Gazprom under the Gas Transit Award of the Arbitration Institute of the Stockholm Chamber of Commerce. The profit was UAH 51.7 billion more than in 2028 (a 5.5-fold rise year-over-year), the company has reported.

"We have delivered a strong cash flow performance in 2019. We generated UAH 110 billion in cash flow from operating activities, including UAH 55.7 billion from the Gas Transit Arbitration (net of income tax)," the company said, citing Naftogaz Chief Financial Officer Peter van Driel.