Rosgeo for the first time received net profit in the first half of the year
[ad_1]
According to the results of the first half of 2022, Rosgeo received a net profit under IFRS in the amount of 519.7 million rubles. against a loss of 1984 million rubles. six months of 2021. This is stated in press release. The consolidated operating profit of the company for the specified period amounted to 2552.9 million rubles. against an operating loss of 1,498.4 million rubles. for the first half of 2021.
“For the first time in its history, Rosgeo made a net profit in the first half of the year, which, due to the seasonal nature of exploration, traditionally accounts for a smaller amount of revenue and the bulk of purchases and production costs,” said Sergey Gorkov, Chairman of the Board of Rosgeo.
According to him, the positive financial result of the first six months of this year was achieved thanks to the strategy for the development of partner projects and an increase in the share of commercial contracts for geological exploration.
Rosgeo was established in 2011 and included in the list of strategic enterprises in Russia. The holding unites the state geological exploration enterprises of the country. At the end of 2021, the company’s net profit under IFRS amounted to 545.7 million rubles, breaking the record for the last four years.
[ad_2]
Source link
