In the first 9 months of 2015, Nadra Ukrainy reduced its revenue by 40%
Edited by Rhod Mackenzie / 2015-10-27 03:14:51
In the first nine months of 2015, Nadra Ukrainy decreased its revenues by 40% as compared with the same period in 2014.
The revenues made up 79 million hryvnias against 131 million hryvnias in the first nine months of 2014.
The reduction in the revenue was caused by slowdown in activity in the geological sector, an increase in the rates of rental fees for the use of mineral resources for the production of hydrocarbons and reduction of orders.
The company also didn’t received the planned state appropriations in the amount of 8 million hryvnias and stopped works at transitional projects, included in the plans.
Nadra Ukrainy emphasized that if the money was still given, the situation would become much better
