23 Jul 2010 16:11

Rosneft H1 net profit up 38%, 60% in Q2

MOSCOW. July 23 (Interfax) - Net profits at oil company Rosneft to US GAAP should, according to analysts, be $5.074 billion for the first half, or 38% more than in the same half last year.

Analysts from seventeen investment banks surveyed by Interfax predict that Rosneft's net profits for Q2 will come to $2.627 billion, or 60% more than in Q2 2009.

H1 sales revenues are anticipated at $30.262 billion (60% up), for Q2 - $15.501 billion (41.6% up), H1 EBITDA - $9.114 billion (up 50%) and Q2 EBITDA - $4.671 billion (up 31%).

Rosneft plans to publish a statement about its main US GAAP financial report for the second quarter on July 26, but the report itself and management comments will be released on August 2.

Forecasts, $ bln:

	Q2			H1
Company	Sales revenue	EBITDA	Net profits	Sales revenue	EBITDA	Net profits
Alfa Bank	15.770	4.859	2.715	30.531	9.302	5.162
VTB capital	15.030	4.587	2.711	29.791	9.030	5.158
Citi	15.600	4.570	2.700	30.361	9.013	5.147
Goldman Sachs	15.126	4.771	2.680	29.887	9.214	5.127
Nomura	15.160	4.652	2.676	29.921	9.095	5.123
Deutsche Bank	15.498	4.748	2.660	30.259	9.191	5.107
Renaissance Capital	15.441	4.629	2.647	30.202	9.072	5.094
Troika Dialog	15.413	4.856	2.634	30.174	9.299	5.081
Uralsib	15.255	4.673	2.627	30.016	9.116	5.074
TKB Capital	15.902	4.581	2.624	30.663	9.024	5.071
JP Morgan	15.251	4.611	2.617	30.012	9.054	5.064
Credit Suisse	15.000	4.500	2.600	29.761	8.943	5.047
Sanford Bernstein	15.349	4.680	2.597	30.110	9.123	5.044
ING	15.459	4.635	2.587	30.220	9.078	5.034
Bank of America	17.345	4.757	2.560	32.106	9.200	5.007
Otkrytiye	15.632	4.772	2.547	30.393	9.215	4.994
Morgan Stanley	15.282	4.533	2.474	30.043	8.976	4.921
Consensus	15.501	4.671	2.627	30.262	9.114	5.074
Figures or 2009	10.947	3.574	1.612	19.211	5.892	3.672
Change (%)	41.6	30.7	63.0	57.5	54.7	38.2