Net profit of Rosneft under IAS fell almost 10% in 2014

​Rosneft’s net profit under IAS in 2014 fell by 9.8% to 350 bln roubles against 2013, is said in the consolidated report. The revenue in 2014 rose by 17.2% to 5.503 trln roubles. In 2014 the company produced by 4.8% more hydrocarbons than in 2013, the prime cost of production fell. The company plans to keep the dividends at the level of 25% of its profit under IAS, 87 bln roubles might be spent – 8.2 roubles per share.

The profit in 2013 of 388 bln roubles excludes the effect of the reassessment of the purchased enterprises of TNK-BP at 167 bln roubles. According to the company, EBITDA rose to 1.057 trln (+11.6%).

In 2014 the daily production of Rosneft made up 5.106 mln barrels of oil equivalent, its prime cost - $3.9/barrel, Vice-President for Economy and Finance of Rosneft, S. Slavinsky said.