2017 November 14 16:15

Net income of Rosneft down 3.9% to RUB 122 bln in 9M’17

In January-September 2017, net income attributable to Rosneft shareholders and calculated under IFRS totaled RUB 122 bln (-3.9%, year-on-year), the company says.

In 9M 2017 revenues amounted to RUB 4,305 bln, rising by 22.9% YoY (76.3 bln in USD terms, increase by 43.7%) thanks to the integration of new assets, improvements in the sales mix, expanding trading activity and some positive implications from macro-economic indicators during the last weeks of the period.

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Rosneft activities include hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad.