Rosneft: the reduction in refining and production is negative for EBITDA
Edited by Rhod Mackenzie / 2014-10-27 02:56:47
Finance Oil and Gas Refining Russia Dividends Financial results Shares Russia Oil and Gas Oil Production and Refining Rosneft
A. Kokin, Uralsib Capital
EBITDA can reduced by 22% in USD.
Tomorrow, on October 28, Rosneft is going to bring into the public its financial report for Q3 2014 by ISA. Revenue is likely to remain unchanged versus Q3 2013, and can reduce by 6% to 1.350 billion rubles or $37.2 billion versus Q2 2014.
EBITDA can reduce by 13% versus Q3 2013 and by 10% versus Q2 2014 to 275 billion rubles or $7.6 billion.
Profitability by EBITDA can reduce by 3% versus Q3 2013 and by 0.8% versus Q2 2014.
