Lukoil reports IFRS net profit up 4.6% in H1 2024
Business & Economy
August 29, 15:05
Pre-tax profit had an uptick by 1.5% to 714.1 bln rubles ($7.8 bln)
MOSCOW, August 29. /TASS/. The net profit of Lukoil under the International Financial Reporting Standards (IFRS) attributed to shareholders gained 4.6% year on year in the first half of 2024 and totaled 590.2 bln rubles ($6.5 bln), the Russian oil major said.
Revenues from sales gained 20% to 4.333 trillion rubles ($47.4 bln). Profit from operations surged by 13.5% to 694.2 bln rubles ($7.6 bln).
Pre-tax profit had an uptick by 1.5% to 714.1 bln rubles ($7.8 bln).
In the second quarter of 2024, corporate profit attributed to shareholders lost 7.6% year on year to 279.6 bln rubles ($3.1 bln). Revenues surged by 18% to 2.27 trillion rubles ($24.8 bln).