Bashneft increases revenue in Q2 by 8%?
Edited by Rhod Mackenzie / 2014-08-25 01:00:49
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;