Saturday, March 28, 2020

Lukoil Lifts Fourth-quarter Net Profit

March 4, 2019

(File photo: Lukoil)

Russia's No.2 oil producer Lukoil's fourth-quarter net profit rose to 159 billion roubles ($2.42 billion), up from 120.5 billion roubles in the same period a year earlier, the company said on Monday.

Fourth-quarter revenue stood at 2 trillion roubles, while earnings before interest, tax, depreciation and amortisation rose to 278.3 billion roubles, up from 223.7 billion in the same period in 2017, Lukoil said.

($1 = 65.7735 roubles)

(Reporting by Olesya Astakhova Writing by Tom Balmforth Editing by David Goodman)

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