Date: 2 months ago   Category: Energy

The net profit of Slavneft according to IFRS in 2018 grew 1.6 times — Rambler News Service


The net profit of Slavneft, joint venture of Gazprom Neft and Rosneft, according to the International Financial Reporting Standards (IFRS) grew in 2018 by 1.6 times in comparison with an indicator of the previous year — to 19.708 billion rubles, follows from the reporting of the company. The revenue of the company at the same time increased by 30.3% and was 314.332 billion rubles. Operating expenses for the reporting period grew by 26.8% and made 267.31 billion rubles. Profit before taxation was 38.917 billion rubles that is 49.2% more, than in 2017. The indicator of EBITDA grew in 2018 by 27.1% and reached 88.795 billion rubles.

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