23 Mar 2010 13:47

Analysts expect Lukoil to post $2.1 bln net profit in Q4 2009

MOSCOW. March 23 (Interfax) - Lukoil will post a net profit of $2.1 billion for the fourth quarter of 2009 under US GAAP, according to the consensus forecast of 17 banks and investment companies compiled by Interfax.

Lukoil posted a net loss of $1.6 billion in the fourth quarter of 2008.

Net profit for the full year will total $7.4 billion, according to the forecast, 19% less than in 2008.

The analysts expect revenue to rise 31.3% in the fourth quarter year-on-year, but believe full-year revenue will decline 25.4% to $80.3 billion.

EBITDA for the full year is forecast to decline 9.4% to $14.1 billion.

The forecasts are contained in the following table ($ mln):

Company	Revenue, Q4	EBITDA, Q4	Net profit, Q4	Revenue, 2009	EBITDA, 2009	Net profit, 2009
Deutsche Bank	23706	3891	2282	80508	14293	7567
JP Morgan	23886	3609	2008	80688	13996	7293
Sanford Bernstein	22900	3700	1900	79702	13937	7185
UniCredit	25030	3801	1754	81832	14038	7039
Troika Dialog	23636	3712	2097	80438	14114	7382
Uralsib	22852	3950	2109	79654	14352	7394
VTB Capital	23705	3770	2176	80507	14007	7461
Goldman Sachs	23954	4056	2186	80756	14293	7471
Credit Suisse	23315	3748	2154	80117	13985	7439
Raiffeisen	23531	3247	1896	80333	13649	7181
Nomura	22800	4000	2200	79602	14237	7485
Morgan Stanley	23280	3550	2004	80082	13787	7289
Otkrytie	23547	4116	2255	80349	14488	7540
Bank of Moscow	24601	4412	2775	81403	14649	8060
Merrill Lynch	23111	3373	1958	79913	13775	7243
Renaissance Capital	22119	3848	2105	78921	14085	7390
KIT Finance	23465	3729	2154	80267	13966	7439
Consensus	23496	3795	2118	80298	14097	7403
2008 actual	17900	-1100	-1621	107680	15552	9144
Change (%)	31.3%			-25.4%	-9.4%	-19.0%