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SSA - AFK Sistema PAO News Story

$5.58 0.3  5.1%

Last Trade - 23/09/20

Sector
Telecoms
Size
Mid Cap
Market Cap £2.00bn
Enterprise Value £8.88bn
Revenue £6.03bn
Position in Universe 263rd / 1807

Russia's Bashneft 2012 net profit up 4.5 pct

Mon 15th April, 2013 9:03am

MOSCOW, April 15 (Reuters) - Russian mid-sized oil company Bashneft BANE.MM said on Monday its net profit increased in 2012 by 4.5 percent, year-on-year, to 52.1 billion roubles ($1.68 billion) on the back of rising production and exports.

Bashneft, owned by oil-to-telecoms holding company Sistema

SSAq.L AFKS.MM , said that revenues increased last year 9.5 percent to 532.5 billion roubles, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 5.2 percent to 98.7 billion roubles.

Bashneft also said that it's oil production rose by 1.9 percent to a record-high of 15.437 million tonnes (307,900 barrels per day) in 2012.

It said it aims to maintain this level of production for "years to come".

($1 = 31.0341 Russian roubles)

(Reporting by Denis Pinchuk and Vladimir Soldatkin; Editing by Lidia Kelly)

((vladimir.soldatkin@thomsonreuters.com)(+7 495 775 12 42)(Reuters Messaging: vladimir.soldatkin.thomsonreuters.com@reuters.net))

Keywords: RUSSIA BASHNEFT/RESULTS

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