In Q1, Slavneft increased its net profit under RAS 3.5 times
Edited by Rhod Mackenzie / 2016-04-15 04:46:00
In the first quarter of 2016, Slavneft, a joint venture of Gazpromneft and Rosneft, increased its net profit under RAS 3.5 times in comparison with the first quarter of 2015 to 5.5 billion rubles.
The company announced this on April 15, 2016.
In 2015, the Slavneft's revenue grew by 5% and amounted to 2.9 billion rubles. The prime cost increased by 0.8%, to 2.4 billion rubles. The pretax profit increased 4 times to 6.4 billion rubles.
