The IQ 2014 net profit at Bashneft added 16.4% (IAS) to come to 13.959bn rub. from 11.992bn rub. prior year, the company informed.
The revenues from sales increased 16.8% to 146.668bn rub. due to the growth of the crude (7%) and petroleum products output (3.2%), rise in exports and USD/ruble ratio.
The corrected EBITDA moved up 20.8% to 25.475bn rub.; capital expenses coming to 9.053bn rub.; total debts - 145.519bn rub. on the short term loans for the acquisition of Burneftegaz.
Bashneft (TIN 0274051582) is a head entity included into the fuel-energetic complex of Bashkortostan. It gushes out the crude in Bashkortostan, Western Siberia and Orenburgsky reg. The proved reserves cover 2.045bn barrel of the crude. Bashneft keeps 279 licenses; 162 fields being under development. The output increased 4.1% to 16.073mln ton. Ufimsky Refinery refined 21.399mln ton of the crude in 2013 which is 3% higher prior year figures.
The 2013 net profit (RAS) boosted 1. 5 fold to 69.124bn rub.; revenues being up 5.7% to 517.4bn rub. to 489.213bn rub.
The 2013-net profit reached 46.17bn rub. (IAS) which is 11.7% below prior year figures due to the revaluation of the investments in Belkamneft; revenues from sales increased 5.8% to 563.296bn rub.; corrected EBITDA - 3.6% to 103.972bn rub. on the growth of raw extraction and export of petroleum products.
The IQ net profit was pushed 2.5% upward to gain 14.418bn rub. from 14.068bn rub; revenues increased 16.5% to 129.974bn rub. from 111.558bn rub.; pretax profit - 5.4% to 18.023bn rub. from 17.109bn rub.