Business news from Ukraine

UKRAINE’S LARGEST GAS PRODUCER WILL PAY ABOUT USD 600 MLN DIVIDENDS TO NAFTOGAZ

PJSC Ukrgazvydobuvannia will pay dividends to its sole shareholder Naftogaz Ukrainy from August 22 to August 30, 2018, Ukrgazvydobuvannia reported in the information disclosure system of the National Commission on Securities and the Stock Market. Payments will be made in accordance with the decision of Naftogaz dated August 3. As reported, Ukrgazvydobuvannia in 2017 increased its net profit by 2.6 times (by UAH 18.553 billion) compared to 2016, to UAH 30.473 billion, net income by 36.4% (by UAH 20.051 billion), to UAH 75.092 billion, gross profit by 2.2 times (UAH 23.057 billion), to UAH 42.062 billion.
Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is the country’s largest gas producer, which provides about 75% of the total gas production in the country.

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