In 2014, RosGeo can increase revenue by 15%
Edited by Rhod Mackenzie / 2014-10-23 12:24:35
Finance Metals and mining Oil and Gas Russia Financial results Russia Metals and Mining Russia Oil and Gas Geological prospecting Gold Iron ore Gas Geological prospecting Oil Production and Refining
In 2014, RosGeo can increase revenue by 15% to 10.4 billion rubles, the Vice CEO for Economics and Finance, I. Silina says. Income from geological exploration activity of the company shares 95% in total revenue. RosGeo is going to increase net profit to 260 million rubles and EBITDA to 940 million rubles.
The forecast EBITDA is 9%, and profitability by net profit is 2.5%.
RosGeo did not make public its consolidated results in EBITDA and net profit before.
The forecast growth in revenue is explained by enlargement in the contract base, optimization and re-distribution of the priority work and more intensive work in Eastern Siberia and the Far East.
