PJSC Ukrnafta reported earnings and production results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net revenue of UAH 6,406 million against UAH 5,468 million a year ago. Profit before taxes was UAH 730 million against loss of UAH 2,364 million a year ago. Net profit was UAH 437 million against loss of UAH 2,445 million a year ago.

For the nine months, the company reported net revenue of UAH 15,301 million against UAH 21,011 million a year ago. Profit before taxes was UAH 937 million against UAH 2,751 million a year ago. Net profit was UAH 427 million against UAH 1,465 million a year ago. The company's revenue declined year on year reflecting weak oil prices in the beginning of the year as well as underlying production decline.

For the quarter, the company's crude oil production was 381 ktonnes against 416 ktonnes a year ago. Gas production was 323 million m3 against 372 million m3 a year ago. LPG production was 33 ktonnes against 38 ktonnes a year ago.

For the nine months, the company's crude oil production was 1,114 ktonnes against 1,272 ktonnes a year ago. Gas production was 977 million m3 against 1,141 million m3 a year ago. LPG production was 98 ktonnes against 116 ktonnes a year ago.