Gazprom Neft’s net profit under IFRS in 2023 decreased by 14.7% – Kommersant
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The net profit of Gazprom Neft according to IFRS in 2023 amounted to 641 billion rubles, which is 14.7% less than in 2022, reported press service companies. The decrease in the indicator at Gazprom Neft was explained by changes in macroeconomic parameters, an increase in tariffs of natural monopolies and an increase in the tax burden.
The press release states that the company’s revenue last year amounted to 3.52 trillion rubles. In annual terms, the figure grew by 3.2%, which is a record increase in revenue for the company. Adjusted EBITDA (earnings before interest, income tax, depreciation and amortization) of Gazprom Neft in 2023 decreased year-on-year by 6.8% and reached RUB 1.32 trillion. Free cash flow amounted to 400.5 billion rubles, which is 71.7% higher than in 2022, the press service reported.
For the six months of 2023, Gazprom Neft’s net profit amounted to 304.413 billion rubles. The company did not publish IFRS financial statements for nine months. In December, shareholders of Gazprom Neft PJSC approved payment of dividends for the nine months of 2023 in the amount of 82.94 rubles. per one ordinary share. On March 5, Russian President Vladimir Putin issued a decree allowed Gazprom structures, including Gazprombank, Gazprom Neft and Gazprom Energoholding, must determine the amount of information to be disclosed.
About the current situation with oil refining in Russia – in the material “Kommersant” “Oil is hard to start”.
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