30 Oct 2012 14:08

TNK-BP sees IFRS net profit fall 13% in 9M, rise 53% in Q3

MOSCOW. Oct 30 (Interfax) - TNK-BP saw its net profit to International Financial Reporting Standards (IFRS) fall 13% year-on-year to $5.7 billion in January-September 2012, the company reported in its financial statement.

Meanwhile, the company boosted its net profit in the third quarter by 53% year-on-year to $1.786 billion.

Revenue in the first nine months rose 4% to $46.067 billion, earnings before taxes, depreciation and amortization (EBITDA) fell 6% to $10.2 billion, and organic capex climbed 14% to $4 billion.

Third-quarter revenue came to $2 billion (versus $1.99 billion in Q3 2011), EBITDA totaled $4.3 billion ($3.4 billion in Q3 2011), organic capex was at $1.6 billion, and the net debt came to $4.3 billion ($5 billion).