Tatneft sees RAS net profit drop 15.7% to 128 bln rubles in H1 2023

MOSCOW. Aug 2 (Interfax) - Tatneft saw net profit to Russian Accounting Standards (RAS) drop 15.7% year-on-year to 128 billion rubles in H1 2023, the oil company said in a financial statement.

The company's revenue decreased by 25% to 531 billion rubles, while cost of sales fell by 18% to 364.7 billion rubles, gross profit - by 37% to 166 billion rubles, profit from sales - by 47% to 120 billion rubles and profit before tax - by 16% to 155 billion rubles.