Date: 7 months ago   Category: Energy

The net profit of Tatneft grew in the III quarter by 2.6 times — to 68.9 billion rubles — Rambler News Service


The net profit of Tatneft according to the International Financial Reporting Standards (IFRS) grew in the III quarter 2018 by 2.6 times in comparison with an indicator for the same period of last year and was 68.922 billion rubles. Net profit in January-September increased twice — to 174.096 billion rubles. The revenue of the company in the III quarter increased by 1.5 times and reached 252.824 billion rubles. Operating expenses for the reporting period made 167.706 billion rubles that is 26.2% more, than for the same period of last year. Profit before taxation was 88.763 billion rubles that is 2.6 times more than an indicator of the III quarter 2017. The revenue of the company in January-September of the current year grew by 38.9% and reached 675.157 billion rubles. Operating expenses made 460.737 billion rubles that is 23.2% more, than for the same period of last year. Profit before taxation was 222.414 billion rubles that is 1.9 times more than an indicator of January-September, 2017.

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