RUSSNEFT Q1 2019 NET PROFIT (RAS) GOES UP 1.5-FOLD TO RUB4.4 BILLION
RussNeft Q1 2019 net profit amounted to RUB4.4 billion (a 1.5-fold YoY increase), as reflected in the report of the Company.
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.
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All Show allRussNeft reported on developing cooperation with educational institutions in the Ulyanovsk region.
The company's Ulyanovsk branch shared its experience in organizing systematic work with students from universities and colleges in the region. During regular meetings, students are introduced to the company's structure, employment conditions, and existing support measures for young professionals. Issues related to organizing industrial internships and opportunities for on-the-job training are discussed. Details are provided in a company press release.
RussNeft increases oil production in the first half of the year by almost 2%
up to 3.043 million tons
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