LUKOIL posts QI’16 RAS net profit of RUB 16.9 bln, down over 3times, year-on-year

LUKOIL says its net profit prepared under Russian Accounting Standards for January-March 2016 totaled RUB 16.9 bln, down over 3 times against January-March 2015 (RUB 55.4 bln).

LUKOIL’s sales revenue amounted to RUB 67.8 bln (RUB 51.4 bln in January-March 2015), gross profit – RUB 63.97 bln (RUB 47.5 bln in January-March 2015).

LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs.