Date: 5 months ago   Category: Energy

The profit of JV Rosneft and Sinopec under RAS in the I half-year has grown by 1,6 times — to 14,5 billion rubles — Rambler News Service


The net profit of Udmurtneft, joint venture of Rosneft and Chinese Sinopec, under the Russian accounting standards (RAS) has increased in the first half of the year 2018 by 1,6 times in comparison with an indicator for the same period of last year and has made 14,517 billion rubles. It is said in the report of the company. The revenue of the company for the period has increased by 38,1% and has made 71,618 billion rubles. The prime cost has grown by 36,4%, having been 42,555 billion rubles. Profit before the taxation has made 18,171 billion rubles that is 1,6 times more, than the previous year. The share of Rosneft in JV Udmurtneft makes 51%, the Chinese partner has 49%.

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