Naftogaz Group paid over UAH 53 billion ($1.3 billion) in taxes to Ukraine within the first seven months of 2024, up 10 % in comparison with the identical interval 2023, the state-owned oil and gasoline firm has stated.
“The state wants the assist of huge enterprise to face the challenges of struggle”, chair and chief government Oleksiy Chernyshov stated in an organization assertion. “The Group’s firms persistently make tax funds to budgets in any respect ranges. In July alone, Naftogaz contributed greater than UAH 6 billion [$146 million] to Ukraine’s consolidated price range”.
Final 12 months the group remitted UAH 83.4 billion ($2 billion) in taxes to the nationwide treasury, with an extra UAH 6.8 billion ($165.5 million) transferred to native budgets, in accordance with a Naftogaz press launch January 15, 2024.
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In 2021, earlier than Russia’s invasion, Naftogaz paid UAH 116 billion ($2.8 billion) in taxes, accounting for 10.7 % of the state price range income that 12 months, as reported by the corporate January 12, 2022.
For the primary quarter of 2024, Naftogaz reported UAH 10.9 billion ($265.3 million) in internet revenue, rebounding from a internet lack of UAH 1.4 billion ($37.1 million) for a similar three-month interval final 12 months. For shareholders, Naftogaz introduced almost UAH 12.2 billion ($296.9 million) in dividends for 2023, which represented 95 % of its consolidated revenue final 12 months in accordance with the corporate.
“Naftogaz stays the spine of Ukraine in occasions of struggle”, Chernyshov stated within the firm’s outcomes report June 27, 2024.
In its newest manufacturing replace Naftogaz posted a seven % year-on-year rise in industrial pure gasoline output within the first seven months of 2024, totaling 8.6 billion cubic meters (303.7 billion cubic ft).
“The Group’s firms are growing gasoline manufacturing by launching new high-performance wells, introducing superior applied sciences, and optimizing the effectivity of present belongings”, Chernyshov stated in an organization assertion August 6, 2024. “Now we have exceeded our targets by 2 %. The work continues not solely within the central and western areas but additionally within the jap ones, regardless of the continued army challenges”.
In its newest long-term credit standing report for Naftogaz, issued December 19, 2023, Fitch Rankings stated “the corporate’s projected liquidity stays extraordinarily weak and unpredictable, given very excessive operational dangers in Ukraine amid the continued struggle with Russia, sluggish funds for gasoline and restricted exterior funding choices”.
Chernyshov stated in an announcement July 19, 2024, that the corporate had fulfilled obligatory Eurobond funds, with the subsequent spherical scheduled for November 2024.
“We’re fulfilling our obligations in good religion”, the chief government stated. “Getting out of default demonstrates our reliability to worldwide companions and permits Naftogaz to draw new capital investments for the corporate’s improvement. This has been and stays one in all my important duties as CEO of Naftogaz Group”.
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