Naftogaz generated UAH 12.6 bn of net profit due to higher gas prices — interim financial statements for Q1 2021

Naftogaz of Ukraine NJSC generated UAH 12.6 billion of net profit in Q1 2021 according to the company’s unaudited and unconsolidated financial statements

Naftogaz of Ukraine NJSC generated UAH 12.6 billion of net profit in Q1 2021 according to the company’s unaudited and unconsolidated financial statements. Please note that it would be incorrect to compare these financial statements with the company’s annual reports.
Naftogaz’s improved financial performance was mostly due to significant growth of gas prices on both European and Ukrainian markets in Q1 2021 compared to the preceding quarter and the same period last year.
“Unfortunately, the sustainability of the financial results demonstrated by the national company remains questionable, in particular due to unsolved financial issues across the entire chain of gas transmission, distribution, and supply to end users. These traditional problems only exacerbated in the mentioned period. That is why we as a national company will proactively offer our help to the government to find the solution,” Naftogaz CEO Yuriy Vitrenko emphasized.
Integrated Communications Department
NJSC Naftogaz of Ukraine


 

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