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Naftogaz Ukrayiny losses doubled in 2007; sales revenues also off
Journal Staff Report

KIEV, May 6 The consolidated losses of the national Naftogaz Ukrayiny for 2006 under international accounting standards were UAH2.178 billion, which is UAH 1.171 billion more year-over-year, according to a consolidated report of the state holding for 2006 audited by Ernst & Young, which was also sent to Interfax-Ukraine.

The consolidated revenues from sales of Naftogaz Ukrayiny fell by 25.4%, or by UAH 9.392 billion year-over-year, to UAH27.575 billion, and its gross profits went down by 8.3%, or UAH 143,000, to UAH1.581 billion.

The state holding significantly altered the figures for 2005 in its published report compared to data published in 2006 in the previous annual report.




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