19 Mar 2018 14:07

Bashneft triples 2017 RAS earnings to 129.3 bln rubles

MOSCOW. March 19 (Interfax) - Russian oil company Bashneft , which is part of Rosneft , tripled its net profit to Russian Accounting Standards (RAS) to 129.325 billion rubles in 2017, the company said in a report.

Revenue increased 17% to 558.658 billion rubles, cost of sales 21% to 380.882 billion rubles, gross profit - 9.7% to 177.176 billion rubles, operating profit - 25.6% to 74.345 billion rubles and pre-tax profit - threefold to 162.394 billion rubles.