Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

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Gazprom Neft announced its IFRS consolidated financial statements for the 12 months ended 31 December 2018: Net profit for FY2018 of RUB376.7 billion, a 48.7 % increase year-on-year; Adjusted EBITDA of RUB800 billion, — up 45.1 % year-on-year; Free cash flow (FCF) of RUB162 billion, a 2.5-fold increase year-on-year.

Gazprom Neft is a vertically integrated oil company primarily engaged in oil and gas exploration and production, refining, and the production and sale of petroleum products.

Source : Strategic Research Institute, SteelGuru