Net profit of Rosneft under IFRS in the I quarter amounted to 21 billion roubles

Moscow. May 5. INTERFAX.RU – the Net profit of Rosneft under IFRS in the I quarter of 2017 amounted to 21 billion roubles, the profit attributable to the share of shareholders – 13 billion rubles, which is 8.3% above the level of the first quarter of 2016. Analysts predicted profit of 18 billion rubles.

According to the tax code, revenue grew by 34.5%, to 1.4 trillion rubles., EBITDA increased by 22% to 333 billion rubles.

According to CEO of “Rosneft” Igor Sechin, which are contained in the press release, “the environment remains challenging continued volatility in global commodity markets, a significant strengthening of the ruble – all these reflected on the financial results of the company.” “However, management undertakes all possible efforts to further improve the effectiveness and implementation of the synergetic potential of the integration of assets of “Bashneft”, – he said.

Net debt of “Rosneft” in the first quarter grew by 21.8% compared to the same period last year to 1.96 trillion rubles, says the report. Compared with the fourth quarter of 2016, the debt increased by 3.9%. In dollar terms, net debt was $34.8 billion, or 45.6% more than the same period last year.