RUSSNEFT Q1 2018 NET PROFIT UNDER RAS UP 10.3% TO RUB 2.9 BILLION

27.04.2018 INTERFAX

RussNeft Q1 2018 net profit to RAS increased by 10.3% to RUB 2.858 billion, according to the Company`s report.

The revenue of RussNeft in the first quarter amounted to RUB 38.326 billion versus RUB 28.438 billion YOY.

Cost of sales grew by 32% to RUB 30.101 billion. Profit on sales rose by a factor of 1.8 to RUB 4. 909 billion.

Profit before tax showed an 11%-increase and amounted to RUB 3. 723 billion.

RussNeft names winners of the 3rd Scientific and Technical Conference for Young Professionals

The professional panel of PJSC “RussNeft” has decided the winners of the Company`s Scientific and Technical Conference for Young Professionals.

RussNeft continues to implement educational projects for schoolchildren

PJSC “RussNeft” continues to implement educational projects. According to the company`s press service, schoolchildren from the regions where the company`s enterprises operate took part in an educational project implemented by the Company jointly with the Gubkin Russian Oil and Gas University since 2010.

RussNeft sums up the optimization program results

The key areas of the new initiatives are well repair, energy efficiency, industrial safety, and oil and gas transportation.

RUSSNEFT Q1 2018 NET PROFIT UNDER RAS UP 10.3% TO RUB 2.9 BILLION

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