MOSCOW, March 26. /TASS/. Russneft net profit under the International Financial Reporting Standards (IFRS) for 2024 increased 2.7-fold compared to the previous year's figure and amounted to 54.3 bln rubles ($645.14 mln) against 20.4 bln rubles ($242,37 mln) in 2023, according to the company's report.

Russneft revenue increased by 26% during the reporting period to 300.1 bln rubles ($3,56 bln).

The company’s gross profit increased by 37% to 91.24 bln rubles ($1.12 bln). Operating profit amounted to 69.3 bln rubles ($823.42 mln) against 24.44 bln rubles ($290.39 mln) a year earlier.

Russneft Group of Companies is one of the ten largest oil producing companies in the country. The company's reserves in the 2P category exceed 200 mln tons of oil according to the international SPE classification.