Gazprom Neft Jan–Sep IFRS net profit plummets 89% to 36.2 bln rbl - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Gazprom Neft Jan–Sep IFRS net profit plummets 89% to 36.2 bln rbl

gazprom neft01MOSCOW, Nov 19 (PRIME) -- The net profit attributable to shareholders of Russian oil company Gazprom Neft plummeted by 88.7% on the year to 36.193 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS)m the company said in a statement on Thursday.

Revenue decreased by 22.5% on the year to 1.45 trillion rubles in the period, while earnings before interest, taxes, depreciation, and amortization (EBITDA) shrank by 50.2% to 276.452 billion rubles. Adjusted EBITDA went down 46.5% to 329.232 billion rubles.

Capital expenditures of Gazprom Neft grew by 2.5% to 313.333 billion rubles, with investment into exploration and development rising 17.8% on the year and investment into refining falling 21%.

For further details, see the company’s statement on its official website:

https://www.gazprom-neft.com/press-center/news/gazprom_neft_9m_2020_net_profit_reaches_rub36_2_billion/

(75.9268 rubles – U.S. $1)

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19.11.2020 09:32
 
 
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