Date: 4 months ago   Category: Energy

The net profit of Lundin Petroleum in the III quarter has decreased by 3,6 times — to $62,6 million — Rambler News Service


The net profit of the Swedish Lundin Petroleum has made $62,6 million following the results of the III quarter 2018 that is 3,6 times less than net profit for the same period of last year, the company reports. The net profit of the company in January — September, 2018 has decreased by 32,2% in comparison with an indicator in nine months of last year and has made $327,4 million. Revenue of Lundin Petroleum for the third quarter has grown by 23,1% — to $636,4 million. Profit before the taxation has made $341,9 million against $336,6 million the previous year (growth by 1,5%). Revenue of Lundin Petroleum in nine months has grown by 43% — to $2,006 billion. Profit before the taxation has made $1,167 billion that by 1,5 times exceeds an indicator for the same period of last year. The net debt of the company as of September 30, 2018 made $3,57 billion, having decreased since the beginning of year by 8,1%. Extraction of hydrocarbons by the company in the third quarter has decreased by 12,3% and has made 78,2 thousand barrels of an oil equivalent a day, in January-September extraction of hydrocarbons was reduced by 7,2% — to 80,8 thousand barrels of an oil equivalent a day.

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