19 Oct 2010 18:26

Rosneft to publish info on GAAP results for Q3 on Oct 26; full statement

MOSCOW. Oct 19 (Interfax) - Rosneft will publish a press release on third quarter results under US GAAP on October 26, the company said in a statement.

The earnings statement, management discussion and analysis and presentation of the third quarter results will be published on November 2.

It was reported earlier that Rosneft boosted net profit in the first half of 2010 37% year-on-year to $5.048 billion under US GAAP. Revenue increased 57% year-on-year to $30.2 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $9.2 billion, 56% more.

Net profit in the second quarter alone was $2.556 billion, 60% more year-on-year. Revenue in the quarter rose 5% compared with the first quarter to $15.4 billion, which was 40.7% more year-on-year. EBITDA was up 7% compared with the first quarter to $4.7 billion, 31.5% more year-on-year.