Net profit of RussNeft according to RAS increased 3.3 times

Russneft for the nine months of 2023, earned RUB 34.04 billion according to RAS. net profit, which is 3.3 times more than for the same period in 2022. About this it says in the company’s reporting.

The price of RussNeft shares increased by 5.71% to 173.9 rubles against the backdrop of the release of financial statements. As of 16:00 Moscow time, securities cost 173.5 rubles (+5.47%), the Moscow Exchange index was at the level of 3,223.97 (+0.99%). Since the beginning of the year, the benchmark has grown by 49%, the company’s quotes by 113%.

According to the report, the company’s revenue decreased by 24.5%, to 168.98 billion rubles. cost of sales – by 31%, to 126.02 billion rubles. At the same time, profit before tax increased 10.6 times to 43.2 billion rubles. Accounts payable as of September 30, 2023 increased to RUB 122.5 billion. against 102.8 billion rubles. at the end of 2022, accounts receivable increased to 95 billion from 58.4 billion rubles. respectively.

Shareholders of Russneft September 21 approved payment of dividends on preferred shares of $110 million. Dividends on ordinary shares will not be paid.

The company’s net profit in the first half of 2023 decreased by almost 11 times in annual terms, amounting to 2.922 billion rubles. Revenue fell almost twice year-on-year, to RUB 91.947 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button