Slavneft RAS net profit soars 70% to 6 bln rbl in Jan–Sep

MOSCOW, Oct 15 (PRIME) -- The net profit of Slavneft, a joint venture between Russian oil producers Rosneft and Gazprom Neft, soared almost 70% on the year to 5.95 billion rubles in January–September, as calculated under Russian Accounting Standards (RAS), the company said in a report Tuesday.

Revenue decreased 4.9% to 14.2 billion rubles, the gross profit fell 3.9% to 2.93 billion rubles, and the pretax profit grew 60% to 6.26 billion rubles.

Long-term liabilities increased around 90% in January–September to 96.76 billion rubles as of September 30, while short-term liabilities rose 70% to 156.7 billion rubles.

(64.3652 rubles – U.S. $1)

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