Bashneft’s net income under IFRS rises by 18.5% in H1.

The IFRS net profit of JSC "Bashneft" in H1 2014 increased by 18.5%, the statement informs.

The proceeds of Bashneft from the sales increased by 18.9% - to 309.844 billion roubles. The adjusted EBITDA increased by 24.6% - up to 54.995 billion roubles. The net profit attributable to shareholders of the parent company increased by 18.5% - up to 29.814 billion roubles. The operating cash flow increased from 22.757 billion roubles to 47.122 billion roubles.

The capital expenditure increased by 31.7% to 18.811 billion roubles. The oil production growth was 9.3%, the increase in the petroleum products production - 3.6%. The production of gasoline and diesel fuel of Euro-5 increased by 34.9% and 26.1%, respectively.

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