National oil transport operator Ukrtransnafta's profit exceeds UAH 2 bln in nine months

REUTERS

18:35, 30.10.2017

0 min. 15

The national operator of Ukraine's oil transport system, state-run Ukrtransnafta posted UAH 2.231 billion, or US$83 million, in net profit in the nine months of 2017, which was 74.2% up year-over-year, according to the company's report in the National Securities and Stock Market Commission's information disclosure system.

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Its net revenue from sales over the period under review grew by 9.1%, to UAH 2.763 billion, while gross profit shrank by 8.3%, to UAH 1.317 billion.

Read alsoUkraine preparing to refine Azerbaijani oilAs UNIAN reported earlier, Ukrtransnafta's net profit in the first half of 2017 was UAH 577.4 million, which was 22.8% up on the same period of 2016.

UNIAN memo. Ukrtransnafta operates Ukraine's oil transport system. It manages 18 oil pipelines that are 4,569 km long. It also operates 51 oil pumping stations and 11 crude storage facilities whose total capacity is 1,010 cubic meters.

crude oil

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