Rosneft’s IFRS net profit rises 25% to 550 bln rbl in Jan–Sep

MOSCOW, Nov 6 (PRIME) -- The net profit attributable to the shareholders of Russian oil major Rosneft rose 25% on the year to 550 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Wednesday.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 1.5% to 1.617 trillion rubles.

In July–September, the net profit increased by 16% on the quarter to 225 billion rubles, EBITDA by 7.6% to 554 billion rubles.

“In the third quarter of the current year the company was able to increase liquids production on the quarter and partially compensate for April–June 2019 production decline as a result of the restriction of oil intake into Transneft system of trunk pipelines. We restored crude oil refining throughput and strengthened our positions in the traditional markets,” CEO Igor Sechin said, as cited in the statement.

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

https://www.rosneft.com/press/releases/item/197857/

(63.2480 rubles – U.S. $1)

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