Slavneft swings to 11.384 bln rbl IFRS net profit in Jan–Jun

MOSCOW, Jul 30 (PRIME) -- Oil company Slavneft, a joint venture of Russian oil companies Rosneft and Gazprom Neft, posted an 11.384 billion ruble January–June net profit attributable to the shareholders against a 4.888 billion ruble net loss in the same period of 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Revenue increased by 41.4% on the year to 132.234 billion rubles in the period, while operating profit stood at 22.905 billion rubles against a 3.907 billion ruble net loss. Basic earnings per share amounted to 2.39 rubles, up from a loss of 1.03 rubles a year ago.

Operating expenses gained 12.4% to 109.962 billion rubles, and production costs shrank by 23.8% to 19.193 billion rubles.

Capital of the company went up 4.8% to 280.102 billion rubles. Long-term liabilities decreased by 0.2% to 186.529 billion rubles, and short-term liabilities rose 37.5% to 107.488 billion rubles.

(73.1904 rubles – U.S. $1)

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