In H1, the Serbian subsidiary of Gazprom Neft reduced net profit by 5% to Euro 143 million

In H1, NIS, the Serbian subsidiary of Gazprom Neft reduced net profit by 5% to Euro 143 million or 17 billion dinars, and increased EBITDA by 10% to 30.9 billion dinars due to reduction in production and operational expenses. The company reduced the investment program by 26% to 17.8 billion dinars due to the decline in cash flow and growth in debit debt.

Hydrocarbons yield reduced by 1% to 809,000 tons in oil equivalent. Oil refining increased by 12% to 1.574 million tons. Oil products sales increased by 6% to 1.425 million tons.

Translated by Nadezhda Poltoratskaya

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