Ukrnaftoburinnya announced its financial results for the year ended 31 December 2017


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Ukrnaftoburinnya commissioned its own pipeline


Ukrnaftoburinnya paid UAH 1,667 million of taxes to the State


Results of Ukrnaftoburinnya for the year ended 31 December 2017


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Ukrnaftoburinnya announced its financial results for the year ended 31 December 2017

News / 14.05.2018

Ukrnaftoburinnya company has announced its financial results for the year ended 31 December 2017. The company's revenue in 2017 increased to UAH 6.7 bln compared to UAH 3.2 bln for the same period in 2016. This is reported in the official financial statements posted on the company's website.

According to the financial statements, EBITDA indicator increased to UAH 2.4 bln, while a year ago it was UAH 1.1 bln. Net profit of the company increased to UAH 1.95 bln compared to UAH 960 mln in 2016. Financing of capital investments grew from UAH 389 mln in 2016 to UAH 806 mln in 2017.

 "According to the results of 2017, all financial indicators showed an increase of more than 100%. In 2017, the effect of investments made in 2016 and in the first half of 2017 fully crystallized. This year we plan to increase the amount of investments by 40-50% compared to the previous year – up to UAH 1.4 bln. This amount includes funds for drilling of the new wells, repair works at the existing wells, as well as development of the field infrastructure", said Michael Bakunenko, the Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya.

According to previous announcements, in 2018, Ukrnaftoburinnya increased daily gas production in the Sakhalin field to 1 850 thousand m3.


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