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 has provided an update on its forest restoration efforts in Siberia.

The company announced that it will expand its reforestation activities by an additional 171 hectares in 2026. Since 2017, RussNeft has planted over 3,272,000 saplings across 875 hectares. Furthermore, the company has carried out silvicultural maintenance—including care for both previously planted and newly planted trees—covering an area of 264 hectares.

RussNeft Announces Support for Regional Social Development

PJSC “RussNeft” continues to assist educational institutions serving children with disabilities.

RussMeft Supports Sports Tournaments in the Regions

PJSC “RussNeft” continues to support regional sports initiatives. In the Khanty-Mansi Autonomous Okrug – Yugra, the Company supported the Open Boxing Championship for the Nizhnevartovsky District Head’s Cup.

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

More news

RussNeft has provided an update on its forest restoration efforts in Siberia.

RussNeft Announces Support for Regional Social Development

RussMeft Supports Sports Tournaments in the Regions