RussNeft Q1 2019 Net Profit (RAS) Goes Up 1.5-Fold to RUB4.4 Billion

The revenue grew by 17% to RUB44.8 billion. Cost of sales increased by 13% to RUB34 billion while gross profit rose by 30% to RUB10.7 billion.  Sales profit showed a 1.6-fold increase to RUB7.7 billion, pre-tax profit demonstrated a RUB5.8 billion increase.

Accounts receivable at the end of the quarter was slightly up to RUB43.068 billion while accounts payable grew from RUB66.9 billion at year-end 2018 to RUB73.6 billion at Q1-end.

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