Friday, January 18, 2019

Gazprom Neft 2017 Net Profit Rises to $4.3 bln

Posted by February 6, 2018

Russian oil company Gazprom Neft (SIBN.ME) says 2017 net profit was at $4.3 bln, based on preliminary estimates, up from $3.0 billion in 2016.

Gazprom Neft increased reserves by 2.2 pct in 2017, and its proven reserves were up 0.5 pct.

Gazprom Neft expects to pay 2017 dividends equivalent to 25 percent of IFRS net income - presentation.

Reporting by Oksana Kobzeva; Writing by Christian Lowe

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