In the first half of 2017, the group of Naftogaz of Ukraine received UAH 23.3 billion in net profit. This is 4 billion UAH more than the result of the same period in 2016. This result was achieved primarily due to the growth of the volumes of gas transit, press service of Naftogaz.

Profitable segments of activity

Segment of production of natural gas made a profit of $ 18.1 billion, compared with 4.6 billion for the first half of 2016.

Segment the transportation and distribution of natural gas in the first half of 2017 brought to 15.5 billion UAH of profit. This is 33% higher than in the corresponding period of 2016 in connection with the increase of transit volumes and the devaluation of the hryvnia against the U.S. dollar.

Also profitable in the first half of the current year of the group, the segments of production and processing of crude oil and gas condensate and crude oil.

Unprofitable segments of

The segment sales and supply of natural gas, the group received a loss of $ 3.8 billion. The sale of gas to consumers in terms of special obligations (PSO) yielded a loss of $ 6.9 billion UAH. The sale of gas on commercial terms the group earned profit in amount of UAH 0.3 billion, excluding the effect from the elimination of Intersegment transactions in the amount of 2.8 billion UAH, which includes result from sale of natural gas to other segments.

The segment of natural gas storage brought a loss in the amount of 1 billion UAH more in comparison with the first half of 2016 is 8.1%.

Subsidies

For the 6 months 2017 due to the subsidies and benefits consumers have paid to Naftogaz for the received natural gas in the amount of 29.5 billion UAH. On July 1, 2017 unfunded subsidies was $ 19.1 billion UAH.

Taxes

For the 6 months of 2017 group Naftogaz has paid in the budget of 56.7 billion UAH of taxes, which is by 49% more than 6 months of 2016. The largest size of payment of tax is VAT, which accounts for 48.3% of the total amount paid in taxes (42% in the corresponding period in 2016).

Rental payments amounted to 33% of the total amount of taxes paid (29% in the corresponding period in 2016).

In addition, the Group Naftogaz paid to the state budget of dividends on the results of operations for the year 2016 in the amount of UAH 13.3 billion and advance payment for profit tax upon payment of dividends in the amount of 2.4 billion UAH.

In General, the first half of the year Naftogaz of Ukraine transferred to the state budget 72,4 billion UAH of taxes and dividends.

We will remind, in 2016, the NJSC Naftogaz of Ukraine for the first time in five years received a net profit of $ 26.5 billion UAH. Compared with year 2015, the income from transit of natural gas in 2016 increased by 7.4 billion UAH.




Naftogaz has finished the first half with a profit of 23.3 billion UAH 04.10.2017

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