In H1, Lukoil decreased its net profit under RAS 1.7 times to 156.4 billion rubles
Edited by Rhod Mackenzie / 2013-07-25 05:23:47
January-June of 2013, the Lukoil’s net profit under RAS fell 1.7 times as compared with the same period of 2012 and made up 156.4 billion rubles, the largest private Russian oil company reports.
The Lukoil’s proceeds made up 21.123 billion rubles (+7.9%). The difference between the profit and proceeds is explained by the fact that from January 1, 2010 Lukoil exports oil only under commission agreements. Besides, the company doesn’t sell oil at the domestic market – this task was completely transferred to oil-producing enterprises of Lukoil.
