RN-Kubannefteprodukt made 522.3 mln roubles of profit under RAS in Q1-Q3 2015
In Jan-September 2015 RN-Kubannefteprodukt, an affiliate of Rosneft, made a net profit under RAS at the volume of 522.3 mln roubles against 193.9 mln roubles of net loss in 2014.
The company’s revenue in Jan-September 2015 rose by 13% to 26.685 bln roubles.
RN-Kubannefteprodukt explains a positive dynamics by the growth of volumes of oil products sales via fuel stations.
RN-Kubannefteprodukt reduced economic and administrative expenditure by 18% to 402.27 mln roubles.
Commercial expenditure of RN-Kubannefteprodukt fell by 1.3 times to 2.7 bln roubles.
Other expenditure grew by 39% to 59.119 mln roubles.
In H1 2015 RN-Kubannefteprodukt made a net profit of 554.7 mln roubles against the loss in 2014.
In 2014 the company made a loss of 218.8 mln roubles.
