Rosneft IFRS net profit amounts to 591 bln rbl in January–September

MOSCOW, Dec 7 (PRIME) -- The net profit of Russian oil major Rosneft attributable to shareholders amounted to 591 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Wednesday.

Revenue increased by 15.7% to 7.202 trillion rubles and capital expenditures rose by 19.3% to 822 billion rubles. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 21.8% on the year to 2.014 trillion rubles.

The net financial debt/EBITDA ratio amounted 1.1x as of September 30 compared to 1.3x as of January 1.

The hydrocarbon output increased by 2.2% to 4.97 million barrels of oil equivalent per day. Gas production rose by 10.6% to 1.16 million barrels of oil equivalent per day. The company processed 71 million tonnes of oil in January–September.

Sales of oil products on the Russian market increased by 6.5% to 31.1 million tonnes.

CEO Igor Sechin said that the company increased oil supplies to Asia by about a third and fully compensating for the decrease in supplies to Europe.

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

https://www.rosneft.com/press/releases/item/212821/

(62.9103 rubles – U.S. $1)

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