In Q1, Alliance Oil made the profit under IAS against loss last year
Edited by Rhod Mackenzie / 2016-05-26 03:26:17
Finance Oil and Gas Refining Russia Financial results Processing Russia Oil and Gas Oil Production and Refining
In the first quarter of the current year, Alliance Oil Company, the largest asset of Independent Oil and Gas Company of Eduard Khudainatov, made the net profit under IAS in the amount of $61 million against the loss in the amount of $23 million in the previous year. This is stated in the report of the company.
At the same time, the company's EBITDA decreased by 14% to $73 million.
