Ukrnafta worsened profit prognosis in 2017
Ukrnafta 4 times reduced profit evaluation for 2017
Ukrnafta revised downward net profit for 2017 (from UAH 444 million to UAH 102 million). It was reported by the company.
The release reads the adjustment of financial reporting related to recalculation of receivables book value under advance payments and retrospective depreciation of the whole amount.
During the meeting held in June, Ukrnafta's shareholders obliged CEO Mark Rollins to adjust financial reporting for 2017 in accordance with comments of PWC audit company.
The decision stated the PWC conclusions evidence about no sufficient and appropriate reasons to accept and account advanced payments for oil products delivery in 2015 to the total amount of UAH 14.13 billion and UAH 2.97 billion book value (as at the end of 2017).
If you see an error on our site, select it and press Ctrl+Enter
Comment0
- 14:3707.12305607.12.2018 | Companies’ news30560
Kyivstar got new CEOOleksandr Komarov became new CEO of Kyivstar - 13:5406.12279006.12.2018 | Companies’ news27900
Chinese allowed to enter PFTS's capitalAMCU allowed BOCE, Chinese commodity exchange, to by more than 25% in PFTS - 16:0704.12280104.12.2018 | Companies’ news28010
Ihor Mitiukov was reselected as NDU's Supervisory Board ChairmanThe NDU selected Ihor Mitiukov as Supervisory Board Chairman - 13:4719.11275519.11.2018 | Companies’ news27550
Bulgarian EIG got control over European Tourist Insurance, insurance companyBulgarian company, Euroins Insurance Group concentrated 99.99% of European Tourist Insurance, insurance company - 16:5026.10277426.10.2018 | Companies’ news27740
Energorynok increased its profit in 3.7 times over 9 monthsEnergorynok increased profit in 3.7 times up to UAH 2.5 billion and net profit by 17.7% up to UAH 124.7 billion over 9 months - 15:2823.1046523.10.2018 | Companies’ news4650
PFTS was reorganized into PrJSCPFTS, stock exchange, was reotganized into PrJSC - 11:5623.1064923.10.2018 | Companies’ news6490
АХА sold two insurers in UkraineFrench АХА sold AXA Insurance and AXA Life Insurance to Canadian Fairfax Financial Holding - 13:4605.1060205.10.2018 | Companies’ news6020
Ukrnafta worsened profit prognosis in 2017Ukrnafta 4 times reduced profit evaluation for 2017
Related documents:
485
0
Ukrposhta redeemed USD 10.2 million
Ukrposhta settled USD 10.2 million payment obligation to VBR with 17.6% discount
409
0
Kuzmintsy brick yard was sold for UAH 170 million
Czech Export Bank sold Kuzmintsy brick yard via SETAM for UAH 170 million
613
0
Fridman sells Morshynska producer
Fridman will sell Morshynska producer to Nestle or Coca-Cola
16:58 07.123310Investors' coming to coal industry seems impossible14:37 07.123056Kyivstar got new CEO16:12 06.123032FUIB afforced Supervisory Board13:54 06.122790Chinese allowed to enter PFTS's capital15:33 05.123191New Memorandum on cooperation with IMF is approved11:17 05.123198Ukrainian Exchange admitted bonds of Alfa Bank and OTP Bank to trading16:07 04.122801Ihor Mitiukov was reselected as NDU's Supervisory Board Chairman12:55 04.122577VAT refund has increased by 12% since January 201815:10 03.123157EBRD, EIB and WBG launch enterprise survey12:07 03.122819Ukraine is in top three countries by frequency of systemic banking crises