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Ukrnafta posts UAH 4.9 bln net loss in 2015

Ukrnafta posts UAH 4.9 bln net loss in 2015PJSC Ukrnafta in 2015 posted a net loss of UAH 4.910 billion against UAH 1.265 billion of net profit in 2014, the company's press service told Interfax-Ukraine.

The company's net income in 2015 year increased 3.8%, to UAH 28.939 billion. Gross profit increased 26.3%, to UAH 17.386 billion.

Ukrnafta from September-December 2015 posted a net loss of UAH 8.972 billion, while in the fourth quarter of 2014 the company saw a net profit of UAH 500.616 million.

Net income in the fourth quarter of 2015 decreased 18.3%, compared to September-December 2014, to UAH 7.929 billion, while gross profit increased 2.6%, to UAH 6.303 billion.

Read also: Ukrnafta will auction 110,500 tonnes of oil on March 17

Ukrnafta Head Mark Rollins in mid-February said that the company in 2015 would post a net loss due to the revaluation of assets carried out as a result of lower oil prices. Ukrnafta had previously said it expected profit.
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