In 2014, RosGeo can increase revenue by 15%

In 2014, RosGeo can increase revenue by 15% to 10.4 billion rubles, the Vice CEO for Economics and Finance, I. Silina says. Income from geological exploration activity of the company shares 95% in total revenue. RosGeo is going to increase net profit to 260 million rubles and EBITDA to 940 million rubles.

The forecast EBITDA is 9%, and profitability by net profit is 2.5%.

RosGeo did not make public its consolidated results in EBITDA and net profit before.

The forecast growth in revenue is explained by enlargement in the contract base, optimization and re-distribution of the priority work and more intensive work in Eastern Siberia and the Far East.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer