Surgutneftegas says 2019 IFRS net profit plummets by 88% to 106.2 bln rbl

MOSCOW, Apr 30 (PRIME) -- The attributable  net profit of Russian oil company Surgutneftegas plummeted by 87.5% on the year to 106.2 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

Sales revenue increased by 1% to 1.57 trillion rubles, but the pretax profit plunged by about 87% to 132.9 billion rubles.

(73.6894 rubles – U.S. $1)

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