Gazprom Neft (SIBN.RS), the oil unit of state gas giant OAO Gazprom (GAZP.RS), said Monday that net profit for the first half increased 0.4% on last year to 78.7 billion Russian rubles ($2.47 billion), on the back of increased hydrocarbon production and higher oil-refining volumes.
Gazprom Neft (SIBN.RS), the oil unit of state gas giant OAO Gazprom
(GAZP.RS), said Monday that net profit for the first half increased 0.4% on
last year to 78.7 billion Russian rubles ($2.47 billion), on the back of
increased hydrocarbon production and higher oil-refining volumes.
The company didn't give figures for the second quarter of 2012. Analysts in an
Interfax survey had forecast a 7.1% fall in second-quarter profit on the year
to RUB30.3 billion.
MAIN FACTS:
- First-half revenue rose 18.8% on year to RUB579.2 billion.
- Adjusted earnings before interest, taxes, depreciation and amortization, or
Ebitda, totaled RUB149.3 billion for the six months, up 6.6% on year.
- Capex increased 15.1% on the year to RUB62.3 billion.
- Hydrocarbon production increased 5.1% to 217.0 million barrels of oil
equivalent.
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