OREANDA-NEWS. November 10, 2009. According to the Ukrnafta financial statements released, the Company has reduced its sales by 18% to UAH 6,072.294mn, EBITDA dropped seven times, and losses came to UAH 275.471mn as compared to the Net Income of UAH 1,714.941mn.

Millennium Capital: it goes without saying that this news is negative for Ukrnafta. As a result of such a sharp decline in the Company’s financial performance, its Net Margin has become negative, and EBITDA Margin has plummeted from 31% to 5%.