Date: 2 months ago   Category: Energy

The profit of JV Rosneft and Sinopec in the I quarter grew by 4% — Rambler News Service


The net profit of Udmurtneft, joint venture of Rosneft and Chinese Sinopec, under the Russian accounting standards (RAS) increased in January-March, 2019 by 4.4% in comparison with an indicator for the same period of last year and was 5.847 billion rubles. It is said in the report of the company. The revenue of the company for the period increased by 13.1% and was 36.49 billion rubles. The prime cost grew by 19.6%, having been 23.46 billion rubles. Profit before taxation was 7.31 billion rubles that is 4.3% more, than the previous year. The share of Rosneft in JV Udmurtneft makes 51%, the Chinese partner has 49%.

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