Gazprom Neft demonstrates solid performance in Q1 2019
(World News Russia)

Gazprom Neft demonstrates solid performance in Q1 2019 21 May 2019 Net profit for Q1 2019 of RUB107.9 billion, a 1.5-fold (54.9 percent) increase year-on-year Adjusted EBITDA* up 26.9 percent year-on-year, reaching RUB197.7 billion Net debt to EBITDA ratio as at end Q1 2019 standing at 0.59x Gazprom Neft`s revenue in the first three months of 2019 totalled RUB586.4 billion, a 12.6 percent increase year-on-year, driven by a combination of higher oil sales and a favourable price environment. Growth in adjusted EBITDA, at 26.9 percent year-on-year and reaching RUB197.7 billion,...