PJSC “RUSSNEFT” DOUBLED ITS ISFR NET PROFIT IN 2018
PJSC “RussNeft” doubled its net profit in 2018 to 14 773 bn Rub., the Company’s reporting says.
The profit attributable to the shareholders grew by 85% and made up 15 bn Rub.
The revenue of the Company for the reporting period increased by 38%, up to 177.8 bn Rub., EBITDA grew by 62%, to 48.6 bn Rub.
The company reports its revenue increase was mainly driven by the positive conditions at the energy market, changes on the structure of production as well as by using new technologies in development.
PJSC “RussNeft” ranks among the Top-6 largest oil companies by crude oil production in Russia. The Company possesses a well-balanced portfolio of assets located in the key Russian oil and gas provinces (West Siberia, Volga-Urals and Central Siberia) as well as in Azerbaijan. The proved and probable reserves (2P) of the Company exceed 200 million tons (SPE). The number of the Company’s personnel is around 10,000.