Tatneft says IFRS Jan–Jun net profit plummets by 63% to 43 bln rbl

MOSCOW, Aug 28 (PRIME) -- The net profit of Russian oil company Tatneft plummeted by about 63% on the year to 42.852 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Sales revenue and other operating income from non-banking activity shrank by 25.6% on the year to 334.553 billion rubles in the period.

(75.2354 – U.S. $1)

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