Rosneft to keep same level of net profit-2014 under IAS
Edited by Rhod Mackenzie / 2014-06-30 06:40:10
In 2014, OJSC “Rosneft” is about to keep the net profit under IAS at 380 billion roubles (last year level) exclusive of one-time adjustments and increase the revenue by more than 15% to 5.5 trillion roubles. I.Sechin said at an annual general meeting. RIA Novosti writes.
“We forecast about the strengthening of our financial indicators. In 2014, the revenue of the company will increase up to 5.5 trillion roubles (+15% y-o-y); EBITDA will go up to 1.1 trillion roubles (+8% against 2013) at the current macroeconomic terms. The net profit, exclusive of one-time operations, will make up about 380 billion roubles, despite the losses because of currency difference due to the weakening of the rouble.
