RAS net profit of LUKOIL for 9 months of 2020 decreased by almost 62.8% to RUB 77.58 billion from RUB 209 billion a year earlier, the company reported.
Revenue decreased by 24% to RUB 183.88 billion from RUB 242.1 billion, gross profit by 25% to RUB 170.23 billion from RUB 227.78 billion. Pre-tax profit amounted to RUB 77.8 billion against RUB 207.9 billion.
PJSC LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. The largest block of the company's shares is owned by its management. IFRS net profit of LUKOIL for 2019 attributable to the company's shareholders increased by 3.4% to RUB 640.2 billion from RUB 619.2 billion a year earlier. The company's sales revenue for 2019 decreased by 2.4% year-on-year to RUB 7.841 trillion from RUB 8.036 trillion.
