Financial results

Gazprom’s Board approves investment program for 2020

Gazprom has approved an investment program for 2020 in the amount of 1.1 trillion rubles, which is by 16.5% less than it is planned to invest in 2019.

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Mangazeya Mining made C$7.154 million of loss in the first nine months

Canadian company Mangazeya Mining Ltd has reported interim financial results in the first nine months of 2019.

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Transneft earned over 790 billion rubles in January-September 2019

In the first three quarters of the current year, the revenue of Transneft increased by 10.7% and amounted to 792.7 billion rubles.

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Rosseti increased it net profit by 6.8% to 97.1 billion rubles in the first 9 months

Rosseti has published its financial results under IAS in the first 9 months of 2019.

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In 9 months, Tatneft's profit decreased by 0.8%

In the third quarter of 2019, profit of Tatneft’s shareholders under IAS increased by 7.9% year-on-year (-15% year-on-year) to 58.43 billion rubles, as it follows from the company's state

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Alrosa plans 28 billion rubles of capex in 2021, further - reduction

In 2021, Alrosa plans 28 billion rubles of capital expenditures, then it expects a decrease in the indicator, it follows from the presentation of the company to investors.

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Russneft reduces capex for 2020 to 26 billion rubles

Russneft’s Board of Directors has approved reduction of financing of capital investments to the level of 26 billion rubles, the company reports.

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Net profit of Metalloinvest under IAS increased by 19% in the first 9 months

In the first 9 months of 2019, the Metalloinvest's net profit under IAS increased by 19.2% compared to the same period of the previous year and amounted to $1.484 billion, the company informed.

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Akron increases its net profit under IAS three times, while revenue grows by 15%

Akron (part of Akron group) increased its revenue under IAS by 15% in the first three quarters of this year.

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Alrosa has sold diamonds for nearly $5 million in the United States

Alrosa has held an auction for sale of diamonds of its own production in the United States, receiving $4.8 million in revenue, the company reports.

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