Bashneft’s net income under IFRS rises by 18.5% in H1.
Edited by Rhod Mackenzie / 2014-08-27 09:49:27
Diesel Finance Oil and Gas Refining Russia Financial results Petrol Russia Oil and Gas Bashneft Gas Oil Petroneft Resources Production and Refining
The IFRS net profit of JSC "Bashneft" in H1 2014 increased by 18.5%, the statement informs.
The proceeds of Bashneft from the sales increased by 18.9% - to 309.844 billion roubles. The adjusted EBITDA increased by 24.6% - up to 54.995 billion roubles. The net profit attributable to shareholders of the parent company increased by 18.5% - up to 29.814 billion roubles. The operating cash flow increased from 22.757 billion roubles to 47.122 billion roubles.
The capital expenditure increased by 31.7% to 18.811 billion roubles. The oil production growth was 9.3%, the increase in the petroleum products production - 3.6%. The production of gasoline and diesel fuel of Euro-5 increased by 34.9% and 26.1%, respectively.
