REUTERS
Ukraine's largest oil producer, Ukrnafta, increased its net profit by 2.6 times in January-September 2017 year-over-year (y-o-y), from UAH 427 million (US$15.9 million) to UAH 1.097 billion ($40.9 million), according to the company's report on the financial and economic activities published in the National Securities and Stock Market Commission's information disclosure system.
Ukrnafta's net revenue from sales of products over the period under review rose from UAH 15.3 billion ($570.3 million) to UAH 19.922 billion ($742.5 million) y-o-y, the report says.
The company's gross profit grew to UAH 9.173 billion ($341.9 million) in January-September 2017 from UAH 7.925 billion ($295.4 million) a year ago.
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UNIAN memo. Ukrnafta is the largest state-owned oil and gas company in Ukraine. It accounts for about 70% of oil and condensate production, and 11% of gas extraction in the country. Ukrnafta is one of the key players in the retail market for petroleum products in Ukraine: the company owns more than 560 fuel filling stations throughout the country.
Ukrnafta's shares are listed on the Ukrainian Exchange (UX) and the PFTS Stock Exchange (Kyiv). Depositary receipts for company's shares are traded on the Frankfurt Stock Exchange.