LUKOIL’s Profit in H1’2018 Grew by 38% YoY to RUB 276.4 bln

PJSC LUKOIL has released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2018 prepared in accordance with International Financial Reporting Standards (IFRS).

“For the first six months of 2018, profit attributable to PJSC LUKOIL shareholders was RUB 276.4 billion, up 37.5% year-on-year”, says the statement.

The Company’s sales for the first six months of 2018 increased by 32.1% year-on-year to RUB 3,686.8 billion. 

EBITDA for the first six months of 2018 increased by 33.1% year-on-year to RUB 514.7 billion.

LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world's oil production and around 1% of the proved hydrocarbon reserves. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs.

Source: PortNews.ru