Lukoil says IFRS net profit grows 13% to 521 bln rbl in Jan-Sep

MOSCOW, Nov 26 (PRIME) -- The net profit of Russian oil major Lukoil went up 13.2% on the year to 520.868 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Tuesday.

Sales revenue shrank 1% to 5.929 trillion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 14.5% to 958 billion rubles.

Capital expenditures of the company contracted 7.2% on the year to 314 billion rubles in the period, but free cash flow jumped by 50.8% to 517.1 billion rubles as operating cash flow grew while capital expenditures decreased.

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

http://www.lukoil.com/FileSystem/9/443390.pdf

(63.7637 rubles – U.S. $1)

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