gk-press.if.ua
National oil and gas holding Naftogaz of Ukraine will channel UAH 13.2 billion, or US$ 496.2 million, in dividends, which is 50% of the company's net profit, to the state budget in line with its financial performance in 2016, according to the corresponding decision made at a government meeting on Wednesday, April 26, the Economic Development and Trade Ministry's press service reports.
At the same time, 5% of net profit (UAH 1.3 billion) will be channeled to the reserve capital, while 45% of net profit (UAH 11.9 billion) will be directed for company development.
Dividends must be paid no later than June 30, 2017.
As UNIAN reported earlier, Naftogaz of Ukraine in 2016 received UAH 26.5 billion, or US$ 995 million, in net profit, while the company in 2015 saw a UAH 27.7 billion, or $1.04 billion, net loss.