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Ukrgazvydobuvannia reports 11% drop in net profit to $1-boln in 2018
Journal Staff Report

KYIV, April 10 Ukrgazvydobuvannia saw an 11% fall in net profit in 2018, to UAH 27.135 billion (around $1 billion).

According to the financial statements audited by Deloitte and posted on the company's website, net revenue in 2018 grew by 5.2%, to UAH 78.97 billion, while gross profit fell by 8.8%, to UAH 38.368 billion.

In 2018, the company saw revenue from sale of natural gas and oil in the amount of UAH 69.825 billion (a rise of 3.7% on 2017), from sale of refined petroleum products UAH 8.465 billion (a rise of 21.4%), fossil fuel extraction and preparation services UAH 220.216 million (a fall of 31.6%), and other goods and services UAH 459.661 million (a rise of 3%).




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