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Gazprom Neft says IFRS net profit, output rises in 2017

MOSCOW, Feb 28 (PRIME) -- The net profit of Russian oil major Gazprom Neft attributable to shareholders rose 26.5% to 253 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said on Wednesday.

Revenue increased 18.2% to 2.004 trillion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 21.6% to 489 billion rubles, and adjusted EBITDA rose 20.8% to 551 billion rubles, it said in a statement.

Capital expenditures decreased 7.2% to 357 billion rubles.

Gazprom Neft increased aggregate hydrocarbon output, including production of joint ventures, by 4.1% on the year to 89.75 million tonnes of oil equivalent due to higher production at the Novoportovskoye, Vostochno-Messoyakhskoye and Prirazlomnoye fields and in Iraq, it said in the statement.

For further details, please, see the companyТs report on its official website:

http://ir.gazprom-neft.ru/fileadmin/user_upload/documents/financial_results/gpn_if_rs__audit_rprt_2017_eng.pdf

(55.6717 rubles Ц U.S. $1)

End

28.02.2018 14:01
 
 
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