Kobolev says Naftogaz will post profit in 2016 / Photo from UNIAN
Ukraine's oil and gas giant NJSC Naftogaz of Ukraine expects to earn UAH 21 billion, or about US$805 million, in profit in 2016, according to the company's CEO.
"It's about UAH 21 billion," Naftogaz CEO Andriy Kobolev said on TV.
As UNIAN reported earlier, Naftogaz in 2015 posted UAH 25 billion in net loss, whereas in 2014 its net loss was estimated at UAH 89.9 billion.
Read alsoNaftogaz CEO assesses Ukraine's gas transport system at $30 blnNaftogaz's gross profit in 2015 was UAH 12.5 billion against UAH 11 billion in loss recorded in 2014.
The company ended 2015 with net revenue estimated at UAH 112.76 billion, which was 51% up on 2014.