PJSC “RussNeft” (hereinafter referred to as RussNeft or the Company) (MOEX: RNFT), issues an audited consolidated financial report for the year ending December 31, 2018, prepared in compliance with International Standards of Financial Reporting (ISFR).
Highlights:
· EBITDA grew by 62% in 2018 to 48.6 bn Rub.
· Adjusted profit[1] made up 16.8 bn Rub., 52% growth.
· Oil production amounted to 7.6[2] mln tons.
· The Program of Operations Improvement was performed with 2.26 bn Rub effect.
· Sustainable level of capital investments, the amount of investments in 2018 made up 24.9 bn Rub[3].
· Net debt/EBITDA is 2.
Key performance indicators
Financials
bn Rub. |
2017 |
2018 |
Variation |
Revenue |
129.2 |
177.8 |
38% |
EBITDA[4] |
29.9 |
48.6 |
62% |
Profit attributable to the shareholders of the Head Company |
8.1 |
15.0 |
85% |
Adjusted profit[5] |
11.1 |
16.8 |
52% |
Net debt |
79.5 |
95.97 |