15 Nov 2010 18:29

Ukraine's Naftogaz swings to $86 mln profit in 9M

KYIV. Nov 15 (Interfax) - Ukrainian oil and gas company Naftogaz had net profit of UAH680.21 million ($86 million) in January-September 2010, compared with losses of UAH1.901 billion in the same period of last year, the company said in a disclosure statement for the State Securities Commission.

Net revenue grew 13.6% year-on-year to UAH59.68 billion (UAH7.9297/$1 on Nov. 15).

Gross profit fell, by 58.2% to UAH2.526 billion.

Net profit soared 16-fold year-on-year in Q3 2010 to UAH977.476 million, net revenue rose 32.9% to UAH14.96 billion and gross profit rose 34% to UAH2.602 billion.

Net profit plummeted almost 79.5% in 2009 to UAH2.3 billion.