IFRS profit attributable to LUKOIL’s shareholders amounted to RUB 520.9 bln in 9M’2019, up 13.2% YoY
PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2019, prepared in accordance with International Financial Reporting Standards (IFRS).
For the first nine months of 2019, profit attributable to shareholders amounted to RUB 520.9 bln, 13.2% up year-on-year. The growth was constrained by lower non-cash foreign exchange gain.
For the first nine months of 2019, our sales amounted to RUB 5,928.8 bln, which is 1.1% lower year-on-year. Sales were negatively affected by lower oil prices in dollar terms and a decrease in refined products trading volumes. These factors were almost completely offset by ruble depreciation, higher oil production and trading volumes, as well as an increase in gas prices and gas production volumes outside Russia.
Despite lower sales, EBITDA for the first nine months of 2019 grew by 14.5% year-on-year to RUB 958.0 bln.
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.
