In Q1 PJSC “RussNeft” net profit based on RAS increased in 2.9 times reaching RUB 17.952
Q1 showed that net profit of PJSC "RussNeft" based on RAS increased in 2.9 times against the same period of the last year and amounted to RUB 17.952 bn, the company reports.
The sales revenue for the accounting period has increased 1.9 times up to 88.73 billion rubles. The profit from sales rose 2.3 times to RUB 21.8 bn.
At the end of Q1 the company's long-term liabilities, including the borrowed funds, amounted to RUB 95.5 bn against RUB 82 BN at the end of 2021. As of March 31st the short-term liabilities, including accounts payable, amounted to RUB 141.5 bn against RUB 116.3 bn as of the end of 2021.
PJSC "Russneft” is among Russia's largest companies in terms of oil production. Its assets are concentrated in key oil and gas bearing regions of Russia (Western Siberia, Volga and Urals region and Central Siberia), as well as in Azerbaijan.