In Q2, Slavneft reduced its net profit by 12.6 times to 378 million rubles
Edited by Rhod Mackenzie / 2013-08-06 02:51:34
In Q2, Slavneft reduced its net profit by 92% to 378 million rubles, according to Gazprom Neft’s accounting by ISA. Gazprom Neft share in Slavneft’s profit 189 million rubles. The reduction is explained by the fall in oil price at the internal market and losses in differences in currency exchange, connected with weakening of ruble and re-valuation of debt nominated in USD.
