LUKOIL received 565 billion rubles of net profit in the first half of the year – Kommersant
[ad_1]
LUKOIL has published IFRS financials for the six months of 2023. This is the first reporting by the oil company since the end of 2021, since after the imposition of sanctions against the Russian Federation for military operations in Ukraine, LUKOIL, like the vast majority of other Russian public companies, stopped publishing consolidated financial statements.
In the first half of the year, LUKOIL received 565.4 billion rubles. net profit (302.6 billion rubles for the first quarter of 2023), for the same period in 2021 the company recorded a profit of 348.4 billion rubles. Revenue for six months amounted to 3.6 trillion rubles. The oil company still has a significant amount of cash and cash equivalents on its balance sheet – about 1 trillion rubles.
LUKOIL published financial statements a week after it became known about the company’s plans to buy up to 25% of its own shares from non-residents, whose securities were blocked in the Russian Federation on type C accounts. intends to buy it at a discount of at least 50%.
By 17:30, LUKOIL’s shares on the Moscow Exchange rose by almost 0.5% to 6,691 thousand rubles. for paper.
About LUKOIL’s plans to buy back its shares from non-residents at a discount – in the material “Kommersant” “A quarter of LUKOIL at half price”.
[ad_2]
Source link
