Author: admin

Sign up here.

Rosneft said additional pressure on the company’s results came from an increase in ensuring “anti-terror security”.

Rosneft said its revenue dropped by 17.8% in the first nine months of the year to 6.29 trillion roubles.

“The high level of the Bank of Russia’s key interest rate continues to have a significant negative impact on the profit. In addition, non-monetary and one-off factors adversely affected the indicator’s dynamics during the reporting period,” Rosneft said.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell for the period by 29.3% to 1.6 trillion roubles.

($1 = 77.4955 roubles)

Our Standards: The Thomson Reuters Trust Principles., opens new tab