Gazprom Neft announces its financial report under IAS for H1 2014

Gazprom Neft published its financial report under IAS for H1 2014.

The growth of hydrocarbons extraction and sales volumes in the premium sales directions (small wholesale and its own network of fuel stations, jet fuel sales and bunkering) as well as the oil and oil products price rise contributed to the growth of sales rates and the corrected EBITDA (profit before the  payment of interest, income tax and amortization) in H1 2014 by 13.9% (814.508 bln roubles) and 18.5% (178.383 bln roubles) respectively.

The net profit referred to the shareholders of Gazprom Neft in H1 rose 12.9% and made up 87.60 bln roubles.

The operational monetary flow in H1 2014 reached 145.56 bln roubles, +15.6% against the same period in 2013.

The hydrocarbons production in H1 2014 made up 234.18 mln barrels of oil equivalent (31.84 mln tons of oil equivalent).