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2018 November 28   16:24

LUKOIL’s IFRS net profit grew by 54.3% in 9M’18 to RUB 460.1 billion

PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2018, prepared in accordance with International Financial Reporting Standards (IFRS).

For the first nine months of 2018 profit attributable to PJSC LUKOIL shareholders was RUB 460.1 billion, up 54.3% year-on-year.

In the reporting period, sales increased by 40.2% to RUB 5,992.7 bln, EBITDA increased to RUB 836.5 bln, or by 37.6% year-on-year.

LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world's oil production and around 1% of the proved hydrocarbon reserves. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs.

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