LUKOIL’s profit under RAS for nine months decreased by 1.5% – Kommersant
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Based on the results of nine months of 2023, LUKOIL’s net profit (MOEX: LKOH) according to Russian accounting standards (RAS) decreased to 638.575 billion rubles. This is 1.5% lower compared to January-September 2022.
The company’s revenue fell by 11.6%, to 2.06 trillion rubles, cost of sales – by 8%, to 1.3 trillion rubles. Gross profit decreased by 17.1%, to RUB 753.47 billion. However, profit before tax increased by 0.5%, to 716.47 billion rubles, they report Interfax And TASS with reference to reporting.
At the end of 2022, LUKOIL’s net profit under RAS increased by 24%, to RUB 790 billion. Revenue for the last reporting period amounted to 2.874 trillion rubles, which is 20.3% more, gross profit and cost also increased. For the first three months of 2023, LUKOIL’s net profit according to RAS amounted to 104.287 billion rubles. Board of Directors of the company following the meeting on October 26 recommended pay dividends for the nine months of 2023 in the amount of 447 rubles. per ordinary share.
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