In Q1, Lukoil's net profit by US GAAP down by 4% to $2.58 billion
Edited by Rhod Mackenzie / 2013-05-28 12:14:18
Lukoil has brought into the public its accounting by US GAAP for Q1 2013. In Q1, Lukoil declined net profit by US GAAP by 4.0% to $2.581 billion versus Q2 2012, and sales revenue by 6.2% to $33.770 million. EBITDA increased by 2.3% to $4.775 million. Main negative influence to net profit was caused by negative difference in currency exchange for dynamics in expenses to profit tax. Lukoil continues demonstrating of the best financial efficiency in the sector. By the end of Q1 2013, net debt increased by 6.2% to $3.9 billion. Capital expenses including non-cash operations were $3.4 billion.
