Tatneft increases RAS revenue 15% in H1 to 238 bln rubles
KAZAN. July 28 (Interfax) - Tatneft boosted sales revenue to Russian Accounting Standards (RAS) 15% year-on-year in January-June 2015, Tatneftekhiminvest-holding CEO Rafinat Yarullin said at a board of directors meeting on Tuesday.
"The situation with the oil market remains unstable. Yesterday, the price of a barrel Brent crude oil dropped below $54 for the first time since March. Nevertheless, Tatneft was able to better its financial standings in the first half of the year. Revenue grew 15%. Accounts receivable and payable were significantly reduced," Yarullin said, without going into further details.
It was earlier reported that Tatneft revenue in H1, 2014, grew 23% compared to the same time in 2013, to 207.073 billion rubles. Thus, Tatneft revenue for H1, 2015 according to RAS was 238.134 billion rubles.
It was also reported that Tatneft produced 13.11 million tonnes of oil in H1, 2015, which is 1% higher than for the same period last year.