PJSC “RussNeft” announces ISFR financial results for 1H 2018
PJSC “RussNeft” (hereinafter “RussNeft” or the “Company”) (MOEX: RNFT), one of the largest oil companies in terms of oil production output in Russia, publishes an unaudited consolidated condensed interim financial statements for 1H 2018, ended June 30, 2018, prepared in compliance with International Standards of Financial Reporting (ISFR).
Highlights:
· EBITDA more than doubled to 24.8 bn Rub.
· EBITDA profitability made up 28%.
· The adjusted profit for the period[1] amounted to 9.8 bn Rub., 3.8х growth.
· Oil production output was 3.7[2] mln tons.
· Maintaining high capital investment level, totaling 14.4 bn Rub in 1H 2018.
· Net debt/EBITDA ratio[3] equals 2.
Key Performance Results
Financial results
|
bn Rub. |
1H 2018 |
H2 2017 |
Variation |
|
Revenue |
88.4 |
57.7 |
53% |
|
EBITDA[4] |
24.8 |
12.2 |
103% |
|
OIBDA[5] |
25.9 |
12.7 |
104% |
|
Profit attributable to “RussNeft” shareholders |
1.8 |
3.2 |
(44%) |
|
Adjusted profit[6] |
9.8 |
2,6 |
285% |
|
Net debt |
83.8 |
PJSC “RussNeft” ranks among the top-10 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 headcount of the Company is around 7,000 employees.
|