Surgutneftegas swings to 437 bln rbl RAS net profit in Jan–Jun

MOSCOW, Jul 31 (PRIME) -- Russian oil and gas company Surgutneftegas posted a net profit of 436.872 billion rubles in January–June against a net loss of 37.93 billion rubles in the same period of 2019, as calculated under Russian Accounting Standards (RAS), the company said on Friday.

Revenue decreased 38% to 492.999 billion rubles, while other incomes doubled to 1.33 trillion rubles.

The cost of the company’s liquid assets stood at 3.311 trillion rubles as of the end of June.

(73.3633 rubles – U.S. $1)

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