Bashneft increases revenue in Q2 by 8%?

Bashneft publishes its accounting by ISA for Q2 on August 27.

Under the forecast of A. Sidorov, AK BARS Finance, Bashneft can increase revenue for Q2 by 8% to 158.8 billion rubles, EBITDA by 20% to 30.4 billion rubles and net profit by 29% to 18.0 billion rubles.

In his opinion, the financial results of Bashneft will be pretty strong because the company demonstrated solid operational results on the background of a favourable market situation. The major factors were the following:

Seasonally high oil product sales in the summer;

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