RussNeft Net Profit Under RAS up by 1.3% to RUB 7.97 BLN in H1
RAS net profit of RussNeft for H1 2019 grew by 1.3% year-on-year and amounted to RUB 7. 971 bln, the company reports.
Revenue for January-June surged by 21.5% to RUB 102.553 bln. Gross profit rose by 4.2%, having made RUB 22.093 bln. Sales profit was RUB 15.082 bln, up 6.6%.
Cost of sales increased by 27.4% and amounted to RUB 80.46 bln. Selling expenses decreased by 3.7% to RUB 4.755 bln point, while the administrative expenses increased by 6.7% at RUB 2.256 bln.
Non-current liabilities of RussNeft as at the end of June dropped by 11% against the end of December, to RUB 93.646 bln, current liabilities grew by 37.5%, having reached RUB 101.113 bln.
PJSC “RussNeft” ranks among the Top-6 largest oil companies by crude oil production in Russia. The Company possesses a portfolio of assets located in the key Russian oil and gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan.
2P reserves of the Company exceed 200 million tonnes (SPE).
The number of the Company’s personnel is around 10,000.
