Financial results

In January, Russia's revenues from oil export grew by 4%, LNG – by 13%, coal – fell by 14%, electricity – 1.6 times

In January 2020, Russia increased oil exports in value terms compared to the same period of the previous year by 3.8% to $9.015 billion, it follows from materials of the Federal Customs Service.

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In the first two months, Alrosa earned more than $750 million from sales of diamond products

Alrosa has reported results of sales of rough and polished diamonds in February and in the first two months of 2020.

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Alrosa reduces its net profit under IFRS by 30.6% in 2019

In 2019, Alrosa reduced its net profit under IFRS by 30.6% compared to 2018 to 62.73 billion rubles, it follows from the materials of the Russian diamond mining company.

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In 2019, Lukoil’s net profit under IFRS increased by 3.4% against the background of declining revenue

In 2019, the Lukoil’s net profit attributable to shareholders increased by 3.4% compared to 2018 and amounted to 640.2 billion rubles, which is slightly below market expectations.

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Nizhnekamskneftekhim reduces its net profit grew by 2%, while fall in revenue is 8%

In 2019, Nizhnekamskneftekhim (part of TAIF group) reduced its revenue calculated according to RAS standards by 7.8%, it follows from the company's financial statements.

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Revenue of TMK's Russian division increased by 6% in 2019

According to TMK's report under IFRS, in 2019, its revenue decreased by 7% compared to 2018 and amounted to $4.767 billion, mainly due to weaker results of the American and European divisions.<

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RusHydro reduced its profit 50 times in 2019

In 2019, the RusHydro's net profit under IFRS decreased almost 50 times year-on-year to 643 million rubles, although the holding company itself expected a decrease in the profit by only 25%.

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In 2019, Uralkali's profit amounted to 78.25 million rubles

In 2019, the Uralkali 's net profit under IFRS made up 78.245 million rubles compared to the loss in the amount of 8.846 million rubles in the previous year.

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Polymetal plans to sell Omolon hub in 2020

In November 2019, Polymetal allocated a group of assets of the Omolon hub with a book value of $41 million, including warehouses of ore with low content of the Sopka and Dalneye deposi

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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