Lukoil says Q1 net profit down 59 percentStaff writer ▼ | June 6, 2016
Russia's oil producer Lukoil said on Monday its first-quarter net income fell by 59 percent, year-on-year, to 42.8 billion roubles ($651.3 million).
Oil production Sales declined to 1.2 trillion roubles
Sales declined to 1.2 trillion roubles from 1.4 trillion roubles a year ago, in line with expectations, while earnings before interest, tax, depreciation and amortization, a gauge of operating profit known as EBITDA, fell by 32 percent to 145.5 billion roubles, compared to an expected 170.4 billion roubles. ■