Naftogaz Ukrayiny saw its net loss nearly double under international financial reporting standards in Q1 compared to the same period in 2012, to UAH 7.750 billion. According to a company report, net income for the first quarter decreased by 31.4%, to UAH 26.688 billion. Naftogaz Ukrayiny in January-March 2013 saw its gross loss rise 2.8-fold compared to the same period in 2012, to UAH 4.525 billion.