Rosneft IFRS net profit rises 60% to 131 bln rbl in JanЦMar - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Rosneft IFRS net profit rises 60% to 131 bln rbl in JanЦMar

MOSCOW, May 13 (PRIME) -- The net profit of Russian oil major Rosneft attributable to the shareholders grew 60% on the year and 20.2% on the quarter to 131 billion rubles in JanuaryЦMarch, as calculated under International Financial Reporting Standards (IFRS), the company said in a report Monday.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 40% on the year and 12.3% on the quarter to 548 billion rubles.

УDespite the volatility and quarterly decrease in oil prices, the decline in oil production under the OPEC+ agreement and the agreement on stabilization of prices for petroleum products on the domestic market, in JanuaryЦMarch 2019 the company demonstrated healthy financial performance in terms of both earnings growth and strong free cash flow generation. This was driven by management efforts in terms of efficient control over the costs and effective investment projects selection,Ф CEO Igor Sechin said, as cited in the report.

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

https://www.rosneft.com/press/releases/item/194937/

(65.2287 rubles Ц U.S. $1)

End

13.05.2019 17:14
 
 
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