In Q1, Bashneft’s net profit grew by 26.7% to 14.4 bln rubles

In the first quarter of 2016, the net profit of Bashneft under IAS increased by 26.7% compared to the same period last year to 14.4 billion rubles, the company reports.

The Group’s revenues decreased by 8.2% to 131.259 billion rubles. EBITDA increased by 7.7% to 28.545 billion rubles. Adjusted EBITDA grew by 5.3% to 28.165 billion rubles. The adjusted net debt decreased by 26.7% to 107.463 billion rubles.

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