KIEV, March 13 ??“ The consolidated profit of Naftogaz Ukrainy according to International Financial Reporting Standards (IFRS) will grow considerably in 2007, company Board Chairman Oleksandr Kovalko has said.

"We expect a considerable profit increase in the current year," he told journalists on Tuesday.

According to him, Naftogaz Ukrainy's consolidated profit in 2007 may amount to 10% of the company's gross income in 2006.