Oligarch Kolomoisky’s profits soar almost four times in 9 months 2015

In January-September 2015, Ukrtatnafta company has increased its net earnings by 390 percent from UAH 330.433 million to UAH 1.286 billion year-over-year, according to international financial reporting standards.

The data was published in the latest quarterly report of the company.

Ukrtatnafta ended Q3 with earnings totaling UAH 260.3 million (in the 3Q 2014 the company reported  losses of UAH 130.067 million), almost doubling its net earnings for this period from a total of UAH 4.783 billion in Q3 2014 to up to UAH 9.214 billion.

In 2014 Ukrtatnafta annual report demonstrated net earnings of UAH 358.063 million, while increasing its net earnings by 12.18% or UAH 2.237 billion to UAH 20.608 billion compared with 2013.

Earlier, media reported that Ukraine pays Kolomoisky UAH 2.5 million per one day for storing its oil.