Date: 3 months ago   Category: Energy

The net profit of Gazprom Neft according to IFRS in the II quarter has grown twice — to 96,8 billion rubles — Rambler News Service


The net profit of Gazprom Neft according to the International Financial Reporting Standards (IFRS) has grown in the II quarter 2018 twice in comparison with an indicator for the same period of last year — to 96,81 billion rubles, follows from the report of the company. In January — June net profit has increased by 49,6% — to 166,475 billion rubles. Revenue in the II quarter has made 617,103 billion rubles that is 34,3% more, than in the II quarter of last year. Operating expenses have grown by 27,1% — up to 491,902 billion rubles. Profit before the taxation for the reporting period has made 123,504 billion rubles against 66,557 billion rubles in the I quarter 2017 (growth by 1,9 times). EBITDA indicator (profit) has increased to payment of percent, income tax and depreciation by 1,7 times and has reached 193,13 billion rubles. The corrected indicator of EBITDA has grown also by 1,7 times — to 212,403 billion rubles. The revenue of the company in January-June of the current year has made 1,138 trillion rub that is 24,5% more than an indicator for the same period of last year. Operating expenses have grown by 18,7% — up to 927,363 billion rubles. Profit before the taxation in January-June has made 212,304 billion rubles against 146,213 billion rubles in the first half of the year 2017 (growth by 45,2%). The indicator of EBITDA has increased by 51,5% and has reached 330,579 billion rubles. The corrected indicator of EBITDA has grown by 49,8% — up to 368,2 billion rubles. The free cash flow for the first half of the year 2018 has made 47,5 billion rubles that is 77% more than an indicator of the same period of last year. The positive free cash flow for the first half of the year 2018 was provided by growth of a cash flow from operations of the company and also completion of the main infrastructure investments on new projects in production, Gazprom Neft explains.

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