PJSC “RussNeft” issues ISFR financial results for 2018

PJSC “RussNeft” (hereinafter referred to as RussNeft or the Company) (MOEX: RNFT), issues an audited consolidated financial report for the year ending December 31, 2018, prepared in compliance with International Standards of Financial Reporting (ISFR).

Highlights:

·       EBITDA grew by 62% in 2018 to 48.6 bn Rub.

·       Adjusted profit[1] made up 16.8 bn Rub., 52% growth.

·       Oil production amounted to 7.6[2] mln tons.

·       The Program of Operations Improvement was performed with 2.26 bn Rub effect.

·       Sustainable level of capital investments, the amount of investments in 2018 made up 24.9 bn Rub[3].

·       Net debt/EBITDA is 2.

Key performance indicators

Financials