Alliance Oil earnings to fall almost 60% in Q3 - analysts
MOSCOW. Nov 24 (Interfax) - Alliance Oil Company (formerly West Siberian Resources) will see net profit in the third quarter plunge nearly 60% in the third quarter of 2009 year-on-year to $58 million under International Financial Reporting Standards (IFRS), analysts from nine investment companies and banks told Interfax.
Net profit in January-September 2009 will fall 55% to $155 million, the analysts said.
Revenue will decline 48% to $462 million in the third quarter and 19% to $1.88 billion in the nine months, they said. EBITDA will fall to $104 million and $289 million respectively.
Alliance Oil will publish consolidated IFRS financials for the third quarter and the first nine months of the year on November 26.
The forecasts are presented in the table below ($ mln ):
|Company||Revenue||EBITDA||Net profit||Revenue||EBITDA||Net profit|
|Bank of America||490||110||60||1908||295||157|