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Rosneft's Shareholders Jumped 9% YoY in H1 2019

Gasoil News - Published on Fri, 23 Aug 2019

Image Source: Energy Voice
Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company announced, H1 2019 net income attributable to shareholders jumped by 9% YoY to RUB 325 billion, including by 1.5 times QoQ to RUB 194 billion. H1 2019 revenues increased by 11.2% YoY in RUB terms mainly due to higher volumes of crude oil and petroleum product deliveries (+6.5%) as well as crude oil price growth in RUB terms (+4.8%). An additional factor of revenue growth was the increase in equity share in profits of associates and joint ventures.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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