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Naftogaz expects to be back in the black

      RBC, 30.03.2011, Kiev 16:53:26.Ukrainian state-owned gas company Naftogaz of Ukraine forecasts net profit of about $400m in 2011, a spokesperson for the Ukrainian government told RBC today, citing the company's financial plan.

      Revenue is expected to reach $18.9bn, and gas transit revenue is guided at $2.8bn. Spending is expected to amount to $20bn, including $9.6bn on procurements of imported gas.

      Naftogaz of Ukraine reported a $2.7bn net loss in 2010, under a preliminary report.

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