Gazprom Neft IFRS net profit rises 7.1% to 320 bln rbl in Jan–Sep

MOSCOW, Nov 18 (PRIME) -- The net profit attributable to shareholders of Russian oil company Gazprom Neft rose 7.1% on the year to 319.97 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Revenue went up 2.4% on the year to 1.871 trillion rubles in the period, while earnings before interest, taxes, depreciation, and amortization (EBITDA) shrank 0.2% to 555.253 billion rubles. Adjusted EBITDA rose 0.2% to 615.511 billion rubles.

The company also said its hydrocarbon production including shares in joint ventures rose 4.3% to 533.14 million barrels of oil equivalent in January–September, or 4.4% to 71.93 million tonnes of oil equivalent. The volume of oil refining shrank 2.3% to 31.08 million tonnes.

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

https://www.gazprom-neft.com/press-center/news/gazprom_neft_increases_net_profit_by_7_in_9m_2019/

(63.8811 rubles – U.S. $1)

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