REUTERS
Ukraine's largest state-owned energy holding Naftogaz of Ukraine boosted net profit by 60% in January-March 2017 (Q1) year-over-year, (y-o-y), according to a company announcement in the National Securities and Stock Market Commission's information disclosure system.
The company's net revenue from products sales in Q1 2017 was estimated at UAH 72.3 billion, or US$2.77 billion, which was 43.3% up against UAH 50.4 billion ($1.9 billion) y-o-y.
Naftogaz's gross profit over the period under review shrank by 41% y-o-y, to UAH 10.9 billion ($417 million).
Read alsoNaftogaz reports UAH 22.5 bln profit first time in 5 yearsAs UNIAN reported earlier, Naftogaz of Ukraine in 2016 received UAH 22.5 billion in net profit against UAH 35 billion in net loss in 2015. The company saw UAH 70.96 billion in gross profit in 2016, which was 8.4 times up from 2015, while its revenue grew by 48% in 2016, to UAH 192.8 billion.