能源技術Business News

Ukrnafta, Ukraine's state-owned natural gas extraction company, has reported a remarkable financial performance in its first year under state control. The company generated a revenue of ₴95 billion ($2.6 billion), which is more than double the average revenue of the past decade, according to Serhiy Koretskyi, the General Manager of Ukrnafta.

Koretskyi highlighted that this significant increase in revenue is not attributable to the rise in oil prices. Instead, it was achieved through transparent market operations and the elimination of intermediaries. This approach has not only increased revenue but also led to a substantial net profit for the company, exceeding ₴20 billion. This figure stands in stark contrast to the previous ten years, where the company experienced billions in losses.

Looking ahead to 2023, Ukrnafta has ambitious plans for its financial contributions to the state. The company is set to pay approximately ₴27 billion in taxes, which includes about ₴5 billion in income tax. This tax contribution represents a 400% increase compared to the average funds transferred to the state budget during the years 2012-2021. Additionally, Ukrnafta is preparing to pay at least ₴6 billion in dividends to the state based on its 2023 results. This dividend payment is projected to be more than the total dividends paid over the last decade.

The turnaround in Ukrnafta's financial performance under state control is noteworthy. It reflects a successful restructuring and management strategy that has not only reversed the company's fortunes but also significantly increased its contributions to Ukraine's state budget. This financial boost is particularly significant given the current economic challenges faced by Ukraine, demonstrating the potential of state-owned enterprises to contribute effectively to the national economy when managed efficiently and transparently.

Source: https://ubn.news/ukrnafta-under-state-management-has-doubled-its-financial-performance/