Gazprom Neft 2020 IFRS net profit plummets by 71% to 118 bln rbl
MOSCOW, Feb 18 (PRIME) -- The net profit attributable to shareholders of Russian oil company Gazprom Neft plummeted by around 70.6% on the year to 117.7 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.
Revenue went down by 19.5% to 2 trillion rubles, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) plunged by 39% to 485.203 billion rubles.
Capital expenditures of the company fell by 5% on the year to 413.526 billion rubles in 2020.
For further details, see the company’s statement on its official website:
(73.7669 rubles – U.S. $1)
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18.02.2021 09:20